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"Penelitian ini bertujuan untuk melakukan investigasi terhadap ketidakpastian endogen dengan melakukan observasi pada hubungan antara investasi perusahaan dan ketidakpastian pada level makro. Sampel studi ini adalah perusahaan Amerika yang tercatat pada bursa efek dengan periode observasi dari 1996q1 hingga 2019q4. Analisis Vector Autoregressive (VAR) menunjukkan bahwa underinvestment menyebabkan peningkatan dari ketidakpastian berasal dari berita yaitu ketidakpastian kebijakan ekonomi. Sedangkan, overinvestment meningkatkan ketidakpasian makroekonomi. Terlebih lagi, baik overinvestment maupun underinvestment menyebabkan peningkatan pada ketidakpastian pasar keuangan. Information channel hypothesis dapat menjelaskan hubungan positif antara underinvestment dan ketidakpastian kebijakan ekonomi. Selain itu, hubungan positif antara overinvestment dan ketidakpastian makro berhubungan dengan excessive growth speculation hypothesis. Analisis tambahan pada subsample perusahaan kecil (besar) juga memperjelas kembali penjelasan information flow (excessive growth speculation) hypothesis.

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This study investigates endogenous uncertainty by observing the relationship between firm-level investments and macro-level uncertainty. The study sample is the U.S. publicly listed firms with an observation period from 1996 Q1 to 2019 Q4. The Vector Autoregressive (VAR) analysis shows that underinvestment drives the news-based Economic Policy Uncertainty (EPU). On the other hand, overinvestment increases macroeconomic uncertainty. More importantly, the results also exhibit that under- and over-investment cause financial market uncertainty to increases. The information channel hypothesis is closely related to the positive relationship between underinvestment and EPU. Moreover, the positive relation between overinvestment and macroeconomic uncertainty is related to excessive growth speculation hypothesis. Additionally, analysis on the small (large) firm subsample also reiterates the explanation of the information channel (excessive growth speculation)."

"ABSTRAKThe development of the manufacturing industry is one of the standards for Indonesia's development as a developing country. Domestic investment (DI) and foreign direct investment (FDI) can meet investment needs in this industry. This paper focuses on the nexus of the two types of investment in meeting investment needs in the manufacturing industry and the influence of those investments in relatively capital-intensive and relatively labor-intensive industrial groups. The aim is to evaluate the role of both types of investments and their benefits to the economy not only to the value-added but also in transferring technology and knowledge spillover from FDI to DI. The panel data regression was first to do to observe the differences between groups of relatively capital-intensive industrial samples and relatively labor-intensive industrial samples. The comparison results show that there are significant differences between the two industry groups so that it can be regressed on these two sample types, apart from the regression of the overall sample. The overall sample found that both FDI and DI influence the value-added of the manufacturing industry."

"This book fills a gap in the existing resources available to students and professionals requiring an academically rigorous, but practically orientated source of knowledge about real estate finance. Written by a bank vice-president who for many years has practiced as a commercial lender and who teaches real estate investment at university level, and an academic whose area of study is finance and particularly valuation, this book will lead readers to truly understand the fundamentals of making a sound real estate investment decision. The focus is primarily on the valuation of leased properties such as apartment buildings, office buildings, retail centers, and warehouse space, rather than on owner occupied residential property."

"Perdagangan saham secara elektronik telah difasilitasi Bursa Efek Indonesia (BEI) (dahulu Bursa Efek Jakarta) sejak tahun 1995 yang ditandai dengan implementasi Jakarta Automated Trading System (JATS). BEI telah memiliki Disaster Recovery Plan (DRP) dengan menyediakan JATS di Disaster Recovery Center (DRC). Kebutuhan atas ketersediaan teknologi informasi yang tinggi menjadi dasar bagi BEI untuk melakukan investasi multiple active trading center JATS. Penelitian ini melakukan evaluasi investasi multiple active trading center JATS di BEI. Analisis dilakukan dengan menggunakan tabel generik manfaat bisnis SI/TI. Manfaat yang diidentifikasi akan dipetakan hubungannya menggunakan metode system dynamics yang kemudian dilakukan kuantifikasi untuk dihitung menggunakan metode Economic Value Added. Manfaat yang didapatkan dari investasi ini adalah 2 kategori dan 2 sub kategori dari tabel generik manfaat bisnis SI/TI yaitu penghematan biaya perjalanan dan meningkatkan kepercayaan pelanggan. Nilai EVA yang positif dapat diartikan investasi ini memberikan keuntungan terhadap BEI dan layak untuk dilakukan.

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Indonesia Stock Exchange (IDX)(previously Jakarta Stock Exchange) has facilitated electronic stock trading since 1995 that began with the implementation of the Jakarta Automated Trading System (JATS). IDX already have Disaster Recovery Plan (DRP) and realized with providing Disaster Recovery Center (DRC). The need for high availability of information technology is the basis for the IDX to invest multiple active trading center JATS. This research evaluated the investment of multiple active trading center JATS in IDX.

Analyses were performed using generic table of IS/IT business value. The identified benefits will be mapped using system dynamics method. Subsequently quantified to be calculated using Economic Value Added (EVA). The benefits obtained from these investments are 2 categories with 2 sub categories of the generic table of IS/IT business value is reduced traveling costs and increased customer trust. EVA positif values can be interpreted this investment provides benefits to IDX and feasible."