Hutang perusahaan dan sektor kehutanan Indonesia
| dc.creator | Barr, C. | |
| dc.creator | Brown, D. | |
| dc.creator | Casson, A. | |
| dc.creator | Kaimowitz, D. | |
| dc.date | 2003 | |
| dc.date | 2012-06-04T09:08:50Z | |
| dc.date | 2012-06-04T09:08:50Z | |
| dc.date.accessioned | 2026-06-27T14:06:01Z | |
| dc.description | The Indonesian Bank Restructuring Agency (IBRA) holds US$ 4.1 billion in loans related to forest and estate crop activities, of which US$ 2.7 billion are nonperforming. Ten large conglomerates account for over 70% of the bad forest and estate crop debt. These groups are also responsible for some US$ 2.4 billion in domestic nonperforming loans in other sectors and US$ 15 billion in offshore debt. The current high level of non-performing loans stems, in large part, from the failure by banks to exercise due diligence (i.e., seriously assess the potential for loan default) when Indonesia’s forest-linked conglomerates sought to borrow funds prior to the crisis. Direct government subsidies for forest and estate crop activities also encouraged corporate risk taking. Strong evidence suggests that debt write-offs and loan restructuring may provide Indonesia’s forest-related industries with a substantial capital subsidy. This study projects that IBRA will eventually write-off US$ 1.3 – 1.9 billion of debts associated with timber, wood processing, pulp and paper, and oil palm investments. Debt write-off on this scale, together with IBRA’s current lack of supervision over the forest-related companies that owe it large sums of money, will serve as an impetus for debtor firms to continue to engage in practices involving an inordinate degree of financial risk. | |
| dc.identifier | https://hdl.handle.net/10568/18808 | |
| dc.identifier.uri | http://hdl.handle.net/123456789/73835 | |
| dc.language | id | |
| dc.publisher | Yayasan Obor Indonesia | |
| dc.source | Barr, C., Brown, D., Casson, A., Kaimowitz, D. 2003. Hutang perusahaan dan sektor kehutanan Indonesia . In: Colfer, C.J.P., Resosudarmo, I.A.P. (eds.). Ke mana harus melangkah?: masyarakat hutan, dan perumusan kebijakan di Indonesia. :338-357. Jakarta, Indonesia, Yayasan Obor Indonesia. ISBN: 979-461-421-X.. | |
| dc.subject | economic crises | |
| dc.subject | forest products industry | |
| dc.subject | plantation crops | |
| dc.subject | companies | |
| dc.subject | debt | |
| dc.subject | risk | |
| dc.subject | forests | |
| dc.title | Hutang perusahaan dan sektor kehutanan Indonesia | |
| dc.type | Book Chapter |