information on the benefit sharing mechanism, as mentioned
before. The fulfillment of obligations and agreements by Perum
Perhutani, such as implementing the benefit sharing mechanism as
a real and binding action, could improve the reputation of Perum
Perhutani and encourage people to participate in the PHBM program,
so the coefficient on the variable should be positive.10 Given
the fact that this issue is crucial for those who have already joined
the program, we include fulfillment of the agreement (ful) in the
second and third steps, i.e., in the logit analysis at the levels of
active and managerial participants