Environmental Dynamic, Business Strategy, and Financial Performance: an Empirical Study of Indonesian Property and Real Estate Industry

Firm’s strategic orientation involves synchronizing environmental dynamics, corporate strategy and capital structure in order to achieve firm performance targets. The co-alignment model used successfully in the hospitality industry might be used in a wider context as a framework in explaining these relationships simultaneously. Using the data of public firms in Indonesia during the period of 1996-2010, we found that co-alignment model can be implemented in property and real estate industry as well as in hospitality industry

Sifat Dasar Kayu Jati Plus Perhutani Dari Berbagai Umur Dan Kaitannya Dengan Sifat Dan Kualitas Pengeringan

Jati Plus Perhutani (JPP) adalah jati cepat tumbuh yang dikembangkan oleh Pusat Penelitian dan Pengembangan Perum Perhutani melalui serangkaian kegiatan pemuliaan pohon. Pada umur yang sama, diameter pohon jati super ini lebih besar dibandingkan diameter pohon jati konvensional, namun kualitas pengeringan kayunya belum sepenuhnya diteliti. Tulisan ini menyajikan hasil penelitian tentang sifat dan kualitas pengeringan kayu JPP umur 5, 7 dan 9 tahun dalam kaitannya dengan sifat-sifat dasar kayu. Hasil penelitian menunjukkan bahwa sifat-sifat dasar kayu JPP sangat rendah. Sifat dasar kayu terutama ketebalan dinding sel, porsi kayu juvenil, persentase bagian kayu gubal-kayu teras, MFA, kadar air, kerapatan dan BJ kayu, serta tegangan pertumbuhan sangat mempengaruhi sifat dan kualitas pe- ngeringan kayunya. Kualitas pengeringan kayu JPP sampai umur 9 tahun masih tergolong rendah dan kurang memuaskan. Dibandingkan dengan kayu jati konvensional yang berdiameter sama (dari pohon yang lebih tua), sifat dan kualitas pengeringan kayu JPP masih lebih rendah. Berdasarkan kualitas pe- ngeringan dan kondisi kayunya, maka suhu minimum-maksimum yang sesuai untuk mengeringkan kayu JPP umur 5 tahun adalah 30-40°C, umur 7 tahun adalah 40-50°C, sedangkan untuk umur 9 tahun adalah 40-60°C

Government Fiscal Policy Impact Analysis in Infrastructure Sector and Education Sector to Improve Public Welfare

This study aimed to conduct a study and analysis of government fiscal policies related to the components of revenue (taxes) and some components of spending (education/human resources and infrastructure sectors). Issues regarding the effectiveness of the allocation of government budgets, particularly for human resources and infrastructure sectors, is an important issue that is very interesting to discuss. Especially if associated with their impact on improving people\u27s welfare. With a limited income, the government must make a choice to prioritize the education/human resources sector or infrastructure sector

Ciri Anatomi, Morfologi Serat, dan Sifat Fisis Tiga Jenis Lesser-Used Wood Species Asal Kalimantan Utara, Indonesia

The purpose of this study was to analyze anatomical characteristics, fiber morphology, and several important physical properties of nyatoh (Palaquium lanceolatum), pisang putih (Sindora walichii), and sepetir (Mezzettia leptopoda) wood from North Kalimantan in order to support the proper utilization of each wood species. All parameters were analyzed using their standard procedures. Results showed that anatomical characteristics of nyatoh wood are the vessels predominantly are in radial multiples and contained tyloses, ray parenchyma is mostly uniseriate and even, while axial parenchyma is in narrow tangential line with irregularly spaced. For pisang putih wood, the vessels are exclusively solitary, ray parenchyma of two distinct sizes, while axial parenchyma are in continuous tangential bands with irregularly spaced. In case of sepetir wood, the vessel is in radial and diagonal patterns, rays tend to have two different sizes, axial parenchyma is vasicentric to aliform, and has the axial resin canals in continuous tangential bands. Average values of fiber length and fiber wall thickness are 1904 and 3.61 µm (nyatoh), 1708 and 4.51 µm (pisang putih), and 1337 and 3.39 µm (sepetir), respectively; while the mean values of specific gravity and T/R-ratio are 0.42 and 1.41 (nyatoh), 0.37 and 2.34 (pisang putih), and 0.32 and 1.40 (sepetir), respectively. Nyatoh wood is categorized as the Strength Class of III, while pisang putih and sepetir woods are categorized as the Strength Class of IV. Compared to pisang putih and sepetir woods, nyatoh wood is more potential for pulp, paper, and furniture manufacturing. Keywords: anatomical characteristics, fiber morphology, lesser-used wood species, physical propertie