Hasil Pencarian  ::  Simpan CSV :: Kembali

"Dalam dunia investasi dikenal sekuritas derivatif, yaitu alat keuangan yang nilainya bergantung pada alat keuangan lain yang tercantum di dalamnya. Salah satu contoh sekuritas derivatif adalah opsi call Eropa. Untuk menghitung nilai opsi call Eropa digunakan formula Black-Scholes. Semua parameter dalam formula Black-Scholes, yaitu harga aset dasar saat ini, suku bunga bebas resiko, harga patokan, dan waktu jatuh tempo dapat diketahui secara langsung, kecuali volatilitas. Dalam skripsi ini akan dibahas bagaimana mengestimasi volatilitas dengan menggunakan implied volatility, yaitu nilai volatilitas yang di dapat dengan menggunakan bantuan nilai opsi yang didapat dari pasar. Estimasi implied volatility dengan metode numerik, yaitu metode Bisection dan metode Newton-Raphson. "

"Penelitian ini bertujuan untuk menentukan cara terbaik dalam melakukan prediksi kondisi financial distress suatu perusahaan, baik yang menggunakan laba maupun arus kas. Tujuan kedua dirumuskan untuk menguji mana yang lebih baik dalam memprediksi financial distress, informasi keuangan dari satu tahun sebelum kesusahan atau tiga tahun sebelum kesusahan. Penelitian ini dilakukan untuk periode 2011-2017 dengan menggunakan sampel perusahaan non keuangan di Indonesia dengan total 80 perusahaan. Di Pengumpulan sampel perusahaan dilakukan dengan cara berpasangan (paired-sample) 40perusahaan tertekan dengan 40 perusahaan non-distress berdasarkan kesamaan sektor industri, kesamaan periode, dan ukuran aset serupa. Metode regresi logistik digunakan untuk menguji hipotesis. Hasil penelitian ini menemukan bahwa rasio keuntungan lebih baik dalam memprediksi kesulitan keuangan daripada rasio arus kas. Hasilpenelitian menunjukkan bahwa data selama tiga tahun sebelum kesusahan ternyata lebih baik dibandingkan dengan data keuangan satu tahun sebelum kesulitan keuangan dalam memprediksi kesulitan. Secara keseluruhan, temuan dari studi ini bermanfaat bagi para pemangku kepentingan kepentingan dan pemegang saham untuk mengevaluasi kinerja perusahaan. Temuan Penelitian ini juga dapat memberikan wawasan yang bermanfaat khususnya bagi investor pentingnya analisis rasio keuangan yang ada dan potensial sebagai alatprediksi kesulitan keuangan.

---

The study aimed to determine the best way to predict the financial distress condition in a firm, whether it is by earnings or cash flows.The second objective is formulated to examine which one better in predicting financial distress, financial information from one year prior to distress or three years prior to distress. This study is conducted for the period of 2011-2017 using samples of non-financial companies in Indonesia with a total of 80 companies. The company’s sample collection method is paired-sample, which pair the distress company with non-financial distress firms, under the same industry sector, same period, and similar asset size. Logistic Regression Analysis is used in order to test the hypothesis. The results find that earnings ratios are better in predicting financial distress than cash flows ratios. The results indicate that the financial information from three years prior to distress is better than financial information from one year prior to distress in predicting financial distress. Overall, the findings from the present study help stakeholders and shareholders to evaluate the company’s performance. The findings of this study might also provide helpful insight especially to the existing and potential investors about the importance of financial ratios analysis as predictive tools of financial distress."

"Many advances have taken place in the field of combinatorial algorithms since Methods of Mathematical Economics first appeared two decades ago. Despite these advances and the development of new computing methods, several basic theories and methods remain important today for understanding mathematical programming and fixed-point theorems. In this easy-to-read classic, readers learn Wolfe's method, which remains useful for quadratic programming, and the Kuhn-Tucker theory, which underlies quadratic programming and most other nonlinear programming methods. In addition, the author presents multiobjective linear programming, which is being applied in environmental engineering and the social sciences.The book presents many useful applications to other branches of mathematics and to economics, and it contains many exercises and examples. The advanced mathematical results are proved clearly and completely. By providing the necessary proofs and presenting the material in a conversational style, Franklin made Methods of Mathematical Economics extremely popular among students. The addition of a list of errata, new to this edition, should add to the book's popularity as well as its usefulness both in the classroom and for individual study.The book has three chapters: "Linear Programming," "Nonlinear Programming," and "Fixed-Point Theorems." The first and third chapters include the economic equilibrium theorems of von Neumann and of J. F. Nash, while the second chapter includes Kuhn-Tucker theory and Wolfe's simplex algorithm for quadratic programming. The book concludes with easy, elementary proofs of the famous theorems of Brouwer, of Kakutani, and of Schauder. These fundamental results are usually proved only in advanced texts in topology, economic theory, and nonlinear analysis."