ISSN: 2222-6990
Open access
Performance evaluation serves as a crucial indicator for assessing the health and sustainability of regional enterprises, particularly in strategic sectors such as plantation agribusiness. Perumda Perkebunan Kahyangan Jember, a regionally owned enterprise (BUMD) managing key commodities such as coffee, plays a vital role in supporting both local and national economies. This study aims to evaluate the company's performance in 2023 using the assessment framework outlined in Jember Regent Regulation No. 46 of 2013, which encompasses financial, operational, and administrative aspects. A qualitative descriptive case study approach was employed to gain an in-depth understanding of the company's performance dynamics. Data were collected through interviews with division heads and the company’s directors, complemented by secondary documentation including audited financial reports, operational data, and administrative records. The results indicate a total performance score of 49 out of 100 points, placing the company in the “less healthy” category. While operational and administrative aspects showed slight improvement, financial indicators remained stagnant. Key issues included high operational costs, weak receivables collection, unmet production targets, and suboptimal implementation of SOPs and budget planning. Strategic recommendations are proposed to improve efficiency, strengthen financial systems, and enhance long-term sustainability and competitiveness of regional enterprises.
Aguinis, H. (2019). Performance management (4th ed.). Chicago Business Press.
Baby, A., Mia, M.A. & Pitchay, A.A. A systematic review of financial performance in the manufacturing industry. Futur Bus J 10, 70 (2024). https://doi.org/10.1186/s43093-024-00353-1
Brigham, E. F., & Ehrhardt, M. C. (2023). Financial management: Theory & practice (17th ed.). Cengage Learning.
Brigham, E. F., & Ehrhardt, M. C. (2023). Financial management: Theory & practice (16th ed.). Cengage Learning.
Changiz Valmohammadi, Azadeh Servati (2011); Performance measurement system implementation using Balanced Scorecard and statistical methods. International Journal of Productivity and Performance Management 21 June 2011; 60 (5): 493–511. https://doi.org/10.1108/17410401111140400.
Francesco Macheda and Junxi Liu. (2025). The Role of State-Owned Enterprises in Promoting High-Quality Economic Development: The Case of China. World Review of Political Economy. Vol. 16(1):26-82. DOI: 10.13169/worlrevipoliecon.16.1.0026
Gibson, J. L., Ivancevich, J. M., & Donnelly, J. H. (2020). Organizations: Behavior, structure, processes (15th ed.). McGraw-Hill Education.
Hadi, S., & Santoso, I. (2021). Strategi penguatan BUMD dalam mendukung pembangunan daerah. Jurnal Administrasi Daerah, 11(2), 115–128.
Hery. (2020). Analisis laporan keuangan. Grasindo.
Indrawati, M., & Purnomo, B. (2022). ESG disclosure and firm performance: Evidence from Indonesian state-owned enterprises. Jurnal Keuangan dan Perbankan, 26(3), 317–328.
Kabupaten Jember. (2013). Peraturan Bupati Jember Nomor 46 Tahun 2013 tentang Penilaian Kinerja Kesehatan Perusahaan Daerah Perkebunan Kahyangan Jember. Pemerintah Kabupaten Jember.
Kaplan, R. S., & Norton, D. P. (1996). The balanced scorecard: Translating strategy into action. Harvard Business School Press.
Kaplan, R. S., & Norton, D. P. (2000). Balance scorecard: Menerapkan strategi menjadi aksi (P. Y. Peter, Trans.). Erlangga.
Kusuma, H. P., & Maharani, I. (2022). Evaluasi kinerja BUMD berdasarkan indikator regulasi daerah. Jurnal Ilmu Ekonomi dan Kebijakan Daerah, 7(1), 21–34.
Li, Xuan., Yang Liu, & Maisarah Mohamed Saat., (2025)., ESG and Firm Value: Unlocking the Power of Internal Control. Journal of Contemporary Management Studies, Vol. 1, No. 1, https://doi.org/10.11113/
Mulyono, A. (2018). Perkebunan berkelanjutan dalam era industri 4.0. Jurnal Agroindustri Indonesia, 5(2), 54–62.
Munawir. (2007). Analisis laporan keuangan (4th ed.). Liberty.
Natalia, M. S., Pangemanan, S. S., & Gerungai, N. Y. T. (2022). Analisis pengukuran kinerja keuangan dengan menggunakan metode economic value added (EVA) dan financial value added (FVA) pada PT Indocement Tunggal Prakarsa Tbk periode 2018–2020. Jurnal LPPM Bidang EkoSosBudKum (Ekonomi, Sosial, Budaya, dan Hukum), 5(2), 399–406.
Pasolong, H. (2017). Teori administrasi negara. Alfabeta.
Putri, A. M., & Winarningsih, S. (2021). Analisis financial value added pada BUMD sektor perkebunan. Jurnal Akuntansi dan Keuangan, 13(1), 88–96.
Rachmi, W. A., Aslah, T., & Dameria, R. (2022). Analisis laporan keuangan untuk mengukur kinerja keuangan (Studi kasus pada PT Mayora Indah Tbk tahun 2018–2021). Jurnal Manajemen dan Bisnis Jayakarta, 4(1), 59–67.
Rahmawati, R., & Indriani, Y. (2020). Evaluasi kinerja organisasi publik berbasis akuntabilitas kinerja instansi pemerintah. Jurnal Akuntabilitas, 13(1), 65–78.
Ramadhan, R. A., & Nugroho, S. (2019). Strategi pengembangan industri kopi lokal berbasis nilai tambah. Jurnal Inovasi Ekonomi, 4(3), 134–147.
Sarapi, N. M., Pangemanan, S. S., & Gerungai, N. Y. T. (2022). Pengaruh economic value added terhadap nilai perusahaan. Jurnal EMBA, 10(1), 291–303.
Shut’ko, L., Samorodova, L., & Ivanov, A. (2020). Ecological footprint and decoupling in the sustainable development of a region. E3s Web of Conferences, 174, 04058. https://doi.org/10.1051/e3sconf/202017404058
Siregar, R., & Wahyudi, D. (2020). Peran regulasi dalam penguatan manajemen kinerja BUMD. Jurnal Administrasi Publik, 17(1), 44–53.
Sugiyono. (2020). Metodologi penelitian kuantitatif, kualitatif & R&D. Alfabeta.
Susanti, D., & Haryadi, S. (2021). Implementasi balanced scorecard dalam meningkatkan efisiensi BUMD. Jurnal Sistem Informasi dan Manajemen, 5(2), 91–102.
United States Department of Agriculture (USDA). (2024). Coffee: World markets and trade. Foreign Agricultural Service. https://www.fas.usda.gov/data/coffee-world-markets-and-trade
Van de Ven, M., Lara Machado, P., Athanasopoulou, A. et al. (2023). Key performance indicators for business models: a systematic review and catalog. Inf Syst E-Bus Manage 21, 753–794. https://doi.org/10.1007/s10257-023-00650-2
Wahyudi, N. M. Y. (2019). Pengaruh likuiditas, profitabilitas dan solvabilitas terhadap harga saham pada perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia tahun 2015–2017. Jurnal of Accounting, 5(2), 104–113.
Wicaksono, A., & Putri, R. D. (2018). Kinerja dan transparansi BUMD dalam konteks good governance. Jurnal Pemerintahan dan Politik Daerah, 3(2), 73–85.
Suteja, D., Amaliyah, Suryawati, R. F., Sauri, S., & Puspitasari, L. (2025). Performance Evaluation as a Strategic Tool for Enhancing Regional Enterprise Sustainability: A Case Study of Perumda Perkebunan Kahyangan. International Journal of Academic Research in Business and Social Sciences, 15(12), 1784–1793.
Copyright: © 2025 The Author(s)
Published by HRMARS (www.hrmars.com)
This article is published under the Creative Commons Attribution (CC BY 4.0) license. Anyone may reproduce, distribute, translate and create derivative works of this article (for both commercial and non-commercial purposes), subject to full attribution to the original publication and authors. The full terms of this license may be seen at: http://creativecommons.org/licences/by/4.0/legalcode