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"Studi pada karakteristik risiko dan return telah mendapat perhatian yang besar. Beberapa studi pada literatur keuangan perusahaan telah menguji apakah risiko default memiliki pengaruh terhadap return saham perusahaan, akan tetapi hasilnya seringkali bervariasi dan menjadi perdebatan. Penelitian terdahulu memperoleh hasil empiris yang bervariasi karena mengacu pada indikator risiko default dan sample dari pasar ekuitas yang berbeda. Tujuan utama dari penelitian ini adalah untuk mengevaluasi pengaruh risiko default terhadap pengembalian ekuitas menggunakan data yang diambil dari perusahaan-perusahaan non-keuangan pada Indeks Harga Saham Gabungan (IHSG) di Indonesia untuk periode penelitian 2008-2017. Penelitian ini menggunakan model Merton (1974) seperti yang dilakukan Vassalou & Xing (2004) untuk membangun proxy dari risiko default. Kelebihan dari model ini adalah mempertimbangkan volatilitas pada asset perusahaan dalam mengestimasi risiko default. Dengan metode ini, perusahaan dapat memiliki tingkat ekuitas dan hutang yang serupa, namun bisa saja memiliki probabilitas default yang sangat berbeda. Hasil penelitian menunjukkan bahwa risiko default memiliki pengaruh yang positif dan signifikan pada pengembalian ekuitas.

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The study of the characteristics of risk and return has received great attention. Several studies in finance literature have tested whether default risk has an influence on company's stock returns, but the results are often conflicting. Previous research derive varying empirical results because they refer to default risk indicators and samples from different equity markets.

The main objective of this study is to evaluate the effect of default risk on stock return using data taken from non-financial companies on the Indonesia Composite Index (IDX Composite) in Indonesia for the 2008-2017 research period.

This study uses Merton (1974) model as done by Vassalou & Xing (2004) to build a proxy for the risk of default. The advantage of this model that it considers the volatility of company's assets in estimating default risk. Companies can have similar levels of equity and debt, but possibly have very different default probabilities. The results of the study show that default risk has a positive and significant effect on equity returns."

"This paper investigated the impact of seasoned equity offerings (SEO) on stock return of listedcompanies in Ho Chi Minh City market using the method “event study” which has been basicallyformed by Campbell, Lo, and MacKinlay (1997). The sample includes 332 SEOs from 2007 to 2010.The main findings show evidence that the Ho Chi Minh City market was not efficient in terms of thesemi-strong form because the price has increased significantly on the ex-right date, day 0. In an oppositeway, the market also reacted significantly negatively from T-4 to T-2. There are some significantimpacts of timing on issue methods – equity right issues were in priority for favorable time and issuesas “dividend by stocks” were chosen during unfavorable time."

"This empirical study is conducted by combining financial and non financial aspects to understand the IPO's underpricing determinant at the BEI manifested in the significant test of the underwriter's reputation, issued shares, company size, NPM, and the IHSG performance towards the initial return of IPO's of 77 companies gone public at the BEI 2011-2013."

"The interaction power and economic phenomena may provide an appealing focus for political economy. This article is expected to be a critical overview of the current Indonesia political economy condition. When the role of state is limited only as watchdog and the ruler of the game is the private sectors this can be called as a free capitalism. According to the theories of political economy by Caporasao and Livine, our country status to the political economy roles is a weak state. Multinational Cooperation has played an important role in Indonesia economy. Free market seems to get the heavent place in our country with the biggest five highly populated. In the free market economy, individuals enter to relations (exchange) voluntary but the free market eliminated authority allocation, coeverceice forms of labor and so on. By replacing authority wih voluntary contract, the market economy shows to eliminate the state power. Therefore, this article suggests that we need to firm our state - centered approaches to political economy. The state policy to the private sector is too loose and let them treat it as an instrument or instution employed by individuals or groups as a way of achieving private ends. tThis form of determination leaves the state in a derivative position. deprived of its own logic, lacking of motivation and source of energy lying outside economy, the state is reduced to a dependent variable. First, a clear distinction is made between state and economy. second economy is accorded a primary place, with the scenes and interests of individuals at the center. And the third, the state is treated as a vehicle to satisfy wants when they cannot be satisfied privately. This article approaches to political economy centering of an active state whose agenda is not to reducible to wants emerging within the private atmosphere. The article begins with a discussion on the state autonomy, society centered approaches, a transformational view of the state and conclusion."

"We investigate the impact of the presence of women in top management on bank performancecontrolling for bank specific factors, ownership and governance. By making use of sample of 70 Indonesianbanks in a cross section study, we find strong evidence that the presence of women in theexecutives is negatively associated with firm performance. Moreover, we examine the moderatingeffect of TMT organizational tenure and TMT age. However, only little evidence is found in the effectof our moderating variables."

"Bank Muamalat sebagai pionir bank syariah di Indonesia terus melakukan pengembangan terhadap penawaran produk-produk perbankan syariah yang secara umum digolongkan atas tiga bagian yaitu : (1) produk penyaluran dana, yang meliputi antara lain : prinsip jual beli, sewa, bagi hasil dan akad pelengkap. (2) produk penghimpunan dana, yang meliputi : prinsip wadi'ah, mudaharabah dan akad pelengkap. (3) jasa perbankan antara lain : shad; Qardh dan lain-lain.Struktur dana pihak ketiga masih didominasi oleh deposito berjangka mudharabah yang mencapai Rp. 97 Milyar atau 48,14% dari total dana pihak ketiga. Sementara itu, walaupun tabungan mudharabah mencatat pertumbuhan yang mengesankan sebesar 64,13 persen, kontribusinya terhadap total dana pihak ketiga hanya sebesar 29,1%.Penelitian juga dilakukan secara kuantitatif dengan menggunakan satu variabel dependent (dana pihak ketiga) dan tiga variabel independent (SBI, Valuta Asing USD dan SWBI).

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Economic Macro Variable Influences The Third Hand Of Collected Fund (The Occuration Case Of Indonesian Muamalat Bank Period Of Year 2000-2003)

Bank Muamalat as the pioneer of syariah bank in Indonesia keeps going to develop for offering the products of syariah banking is globally classified into three parts are such as : (I) product of fund distribution, which includes : principal of trading, rental, sharing and complementary agreement. (2) product of fund collection, which includes : principal wadi'ah, mudharabah and complementary agreement. (3) banking services are such as : sharf, Qardh and etc.

Fund structure of the third hand is still dominated by mudharabah of distance deposit is until Rp 97 billion or 48,14% from the total fund of third hand. Meanwhile, though the mudharabah saving notices of the impressive development is 64,13%, the contribution of the total fund of the third hand is only 29,1%.

The occuration was done as quantitively by using one variable dependent (fund of the third hand) and three variables independent (SBI, USD currency and SWBI)."