AN ANALYSIS OF THE EFFECT OF ESTABLISHING BUSINESS PORTFOLIO DEPARTMENT ON THE PERFORMANCE REPORTS OF THE SUBSIDIARIES OF PT PETROKIMIA GRESIK
A Study on the Business Portfolio Department of PT Petrokimia Gresik
Keywords:Financial Performance Report, Business Portfolio Department, Parent and Subsidiaries, Qualitative descriptive Analysis, Ratio and Performance Analysis
This study aims to analyze the effect of establishing the Business Portfolio Department on the performance reports of the subsidiaries of PT Petrokimia Gresik. This study collected the data from PT Petrosida Gresik and PT Petrokimia Kayaku as the subsidiaries of PT Petrokimia Gresik through interview, observation, and documentation study methods in the Business Portfolio Department of PT Petrokimia Gresik. The data are analyzed by the Miles and Huberman model involving data reduction, data presentation, and affirmation of conclusions. Furthermore, the dataof the financial statements of PT Petrosida Gresik and PT Petrokimia Kayaku before the department establishment (2017-2019) and after the establishment (2020-2021) are analyzed through the management's point of view by operational analysis, asset management, and profitability as the basis of reference. The results of the study indicated that overall the Business Portfolio Department had a positive effect on the performance of PT Petrosida Gresik and PT Petrokimia Kayaku as the Business Portfolio Department took essential part in achieving KPI (Key Performance Index) and assisted the Directors of PT Petrokimia Gresik make strategic decisions for the subsidiaries of the company.
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