Mohamad Nur Utomo
@ubt.ac.id
Departement Management, Faculty of Economics
Universitas Borneo Tarakan
EDUCATION
Doctoral
RESEARCH INTERESTS
Corporate Governance, Corporate finance, Environmental Management, Entrepreneurship
Scopus Publications
Scholar Citations
Scholar h-index
Scholar i10-index
Scopus Publications
Mohamad Nur Utomo, Kaujan Kaujan, and Ahmad Mubarak
Ceska zemedelska univerzita v Praze
Several villages in North Kalimantan Province have been potentially suitable to be developed through local wisdom-based agro-tourism. The development of agro-tourism is considered as research background because of the positive impact of agro-tourism on social, economic and environmental aspects of the villages. The objective of this research is to identify development potentials of villages in North Kalimantan Province and to select village to be developed through local wisdom-based agro-tourism. Research type is descriptive research using methods of scoring and Analytical Hierarchy Process. Data type is primary and secondary. Research sample is tourist villages in North Kalimantan Province. Several results of research were obtained. One result showed that three main criteria for developing villages through local wisdom-based agro-tourism are agricultural and plantation resources, facility and accessibility. Other result revealed that Panca Agung Village in Bulungan Regency of North Kalimantan Province is selected for the project of local wisdom-based agro-tourism. Agro-tourism development is expected to contribute the sustainable development at local, regional, national and international levels.
Mohamad Nur Utomo, Kaujan Kaujan, and Widyastuti Cahyaningrum
4S go, s.r.o.
The competitiveness of SMEs is enhanced by compiling a map consisting of local superior employment sectors and local superior products. This study aims to identify and map the work sector and products of Small and Medium Enterprises that need to be developed to become the local carrying capacity of Tarakan City. Sources of data include primary data (questionnaires from respondents) and secondary data (GRDP data for the city of Tarakan). Data analysis methods include Location Quotient (LQ), Klassen Typology, and Analytical Hierarchy Process (AHP). The results showed that the fishery-based processing industry is an employment sector that has great potential to become a local leading sector in Tarakan City. The results also reveal that the competitiveness of SMEs can be increased by developing local superior products. This development must meet three criteria, respectively: development must be oriented towards the conservation of resources and the environment; its development must only involve products with local raw materials and local uniqueness, and its development is supported by local communities. Another finding is about three priority local superior products, namely Dried Fish/Peyek Pepija, Shredded Milkfish, and Amplang Milkfish Crackers. These results can be used as a basis for making policies regarding the development of a country's local superior products.
Mohamad Nur Utomo, , Sri Rahayu, Kaujan Kaujan, Soni Agus Irwandi, , and
American Institute of Mathematical Sciences (AIMS)
This research is aimed to examine the effect of environmental performance on firm value with environmental disclosure as a mediation variable. Sample of research is non-financial companies at the Indonesia Stock Exchange that have followed the Environmental Performance Assessment Program (PROPER) held by the Ministry of Life Environment and Forestry. The data analysis method is Structural Equation Modeling-Partial Least Square (SEM-PLS), and the analysis operation is facilitated by the software of WarpPLS 6.0. The result of analysis has given a few findings. One is that environmental performance has a positive effect on firm value and environmental disclosure. Other result shows that environmental disclosure does not affect firm value and does not mediate the effect of environmental performance on firm value. In general, all the results support the stakeholder theory and the resource-based view theory. Companies with environmentally friendly commitments can be a strategy in creating higher firm value.
Harjum Muharam, Maria Rio Rita, Isfenti Sadalia, Asep Mulyana, and Mohamad Nur Utomo
Sciedu Press
This paper strives to examine the role of international market entry in optimizing the effects of business strategies and financial decisions on SMEs’ performance. In addition, this study analyzes the role of financing access in moderating the effects of business strategies and financial access. The research sample was comprised of 250 SMEs from various industries in the city of Salatiga, Central Java Province, and the city of Medan, North Sumatra Province, Indonesia. A Partial Least Squares (PLS) - Structural Equation Modelling (SEM) was utilized to test the hypotheses. In general, this research demonstrates that: (1) business strategies and financial decisions are the determinants of international market entry, (2) business strategies are a determinant of SMEs’ performance, (3) business strategies and international market entry are factors of SMEs’ performance, and (4) international market entry optimizes the effects of business strategies on SMEs’ performance.
Jeudi Agustina TP Sianturi, Sugeng Wahyudi, Irene Rini Demi Pangestuti, and Mohamad Nur Utomo
Growing Science
Article history: Received: February 16, 2020 Received in revised format: March 27 2020 Accepted: March 29, 2020 Available online: March 30, 2020 This paper aims to investigate the relationship between managerial opportunistic behavior and the value of manufacturing companies listed on the Indonesia Stock Exchange, using two different indicators of company value. The first indicator looks at the value of the company from a less than ideal size and other indicators view the value of the company from the ideal size. By using 320 observations, the results of this study found evidence that managerial opportunistic behavior that is proxied by free cash flow plays a role in influencing the overvalued equity proxied by market books. Likewise, free cash flow plays an important role on influencing Tobin q. This study also establishes an indirect relationship of free cash flow to overvalued equity and Tobin q which is mediated by dividend policy. Empirical results show that dividend policy mediates the effect of free cash flow on overvalued equity and also Tobin q partially. © 2020 by the authors; licensee Growing Science, Canada
Mohamad Nur Utomo, Sugen Wahyudi, Harjum Muharam, and Maximus Leonardo Taolin
Vilnius University Press
The objective of this study is to examine the effect of controlling shareholders’ monitoring on firm performance through the implementation of operational efficiency commitment to environmental friendliness. Non-financial firms listed on the Indonesia Stock Exchange and joining the Environmental Performance Assessment Program (PROPER) are determined as the sample. Results indicate that controlling shareholders have a positive impact on operational efficiency commitment to environmental friendliness and also on firm performance. In addition, other key findings indicate that the controlling shareholders can improve firm performance through the implementation of operational efficiency commitment to environmental friendliness. The results of this study support the position of the agency theory, the stakeholder theory, and the legitimacy theory. Operational efficiency commitment to environmental friendliness is then suggested to be a meaningful strategy for the firms to obtain sustainable performance.