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"The purpose of this research is to investigate the relation between the value creation efficiency of firms' intellectual capital and firm's market valuation and financial performance. Using 13 manufacturing companies data drawn from Jakarta Stock Exchange USX) reporting period 1999-2003 and Pulic's Value Added Intellectual Coefficient (V AlC) as the efficiency measure of three intellectual capital component; capital employed efficiency (VACA), human capital efficiency (VAHU), and structural capital efficiency (STVA) and multiple regression model to examine the relation- ship between corporate value creation efficiency and firms' market-to-book value ratio, and explore the relationship between intellectual capital and firms' financial performance. The simple regression used to examine the relationship between VAIC and market value and relationship between VAIC and financial performance. The result is not support the first model; market value hypothesis that there is significantly negative between intellectual capital and market-to-bookvalue ratio (M/B). The second model of the regression show there are positively associated bet- ween the three of intellectual capital component and return on equity (ROE) as fmancial performance."

"Fokus tesis ini adalah analisis penetapan pasar bersangkutan dalam Putusan Komisi Pengawas Persaingan Usaha No. 26/KPPU-L/2007 tentang penetapan harga pada layanan pesan pendek (SMS). Penelitian menggunakan metode analisis kualitatif, yaitu dengan membandingkan alur/sistematika penetapan pasar bersangkutan yang ditetapkan oleh Majelis Komisi dalam Putusan tersebut dengan teori pasar bersangkutan serta pedoman dari otoritas pengawas persaingan usaha dan regulator sektor telekomunikasi di negara lain. Hasil penelitian menyatakan bahwa metode penetapan pasar bersangkutan dalam Putusan tersebut belum sepenuhnya mengikuti ketentuan dalam teori dan pedoman. Disarankan agar analisis pasar bersangkutan dapat ditingkatkan kualitasnya dengan menggunakan pendekatan-pendekatan yang lebih terukur, baik secara kuantitatif maupun kualitatif.

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The focus of this study is to analyse the relevant market which defined in Commission on Supervision of Business Competition`s Decision No. 26/KPPU-L/2007 about price fixing on short messaging service (SMS). This study is mainly using qualitative approach by comparing the methodology used on relevant market delineation in the Decision with the perspective of economics theory and guidelines from six countries. The result shows that relevant market`s delineation process is not fully suitable either from theory nor guidelines perspectives. It is suggested to make some improvement on the process by using quantitative and qualitative scientific method."

"Penelitian dilakukan pada industri perbankan yang terdaftar pada Bursa Efek Indonesia menggunakan data periode tahun 2006-2013 yang menggambarkan satu siklus industri, 2006-2009 yang menggambarkan masa resesi industridan2010-2013 yang menggambarkan masa ekspansi industri. Hasil penelitian ini menunjukan bahwa leverage tidak memiliki korelasi dan pengaruh terhadap market value added (MVA). Sedangkan economic value added (EVA) memiliki korelasipositif dengan MVA dan korelasi negatif hanya terjadi pada periode resesi.EVA memiliki pengaruh negatif terhadap MVA di ketiga periode tersebut pada perbankan di Indonesia.

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The research took evidence from banks listing on Indonesia Stock Exchange for 2006 - 2013. Data Used from three different period, 2006-2013 as a industry cycle, 2006-2009 as downturn period, and 2010 -2013 as upturn period. The research found that there is no correlation and effect of leverage to market value added (MVA). On the other hand, economic value added (EVA) has positive correlation to MVA and negative correlation in downturn period. EVA has negative effect to MVA in the three different period."

"Penelitian ini membahas mengenai pengaruh program penjaminan simpanan (deposit insurance) oleh LPS terhadap disiplin pasar dengan menggunakan data time series dari 120 bank umum selama kurun waktu Januari 2003 sampai dengan Desember 2013. Dengan menggunakan empat variasi yang menjadi variabel terikat berupa tingkat suku bunga deposito 1 bulan/TD, tingkat suku bunga deposito 3 bulan/TD3, tingkat suku bunga deposito rata-rata 1 dan 3 bulan/MRATE, dan Interbank Call Money, serta dengan variabel bebas berupa : (i) variabel risiko bank yang terdiri dari : NPL, LDR, BOPO, ROA, dan CAR; (ii) variabel kontrol yang terdiri dari Growth GDP dan Inflasi; dan (iii) variabel dummy, diperoleh hasil penelitian Kebijakan program penjaminan simpanan LPS yang di-proxy oleh dummy, efektif menekan tingkat bunga pada lag 4 periode. Dengan kata lain, kebijakan LPS pada saat ini membutuhkan masa tenggang waktu yang relatif lama yaitu 4 triwulan untuk dapat berpengaruh pada kedisplinan pasar.

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This research explain about The Impact Analysis of Deposit Insurance Program by The Indonesia Deposit Insurance Corporation to Market Dicipline using the time series data from 120 banks from January 2003 to December 2013. I use Ordinary Least Squares/OLS method with four variations of dependent variables (time deposit rate 1 month, 3 months, average rate in 1 month and 3 months, and interbank call money), as well as the independent variable such as: (i) the bank's risk variables consisting of: NPL, LDR, ROA, ROA, and the CAR Ratios; (ii) the control variables consisting of GDP Growth and Inflation; and (iii) a dummy variable, the result of this research is deposit insurance program by IDIC with proxy by dummy, effectively reduces the interest rate on the lag 4 period. In other words, the policy of IDIC during the grace period requires a relatively long time, that is 4 quarters, to be able to influence the market discipline."

" The main objective of this study is to examine increasing in the market mmpetition about the application of manufacturing technology, deregulation of economies and privatization of government owned enterprises makes decision makers tobe mana- gement accounting system information more important. There have been calls for research into the use of management accounting systems information under the changing circumstances. This research reports the results of a study which offers an explanation for the relationship between intensity of market competition and business unit perfor- mance by incorporating into the model the use of management accounting systems information by managers as intervening variable. To asses the relationship, data were collected from 36 manager product of manufacturing food and bavarages with responses rate result is 22,9%. The data determine by table sample size for a given population size who proposed Sekaran and the examine of the data by doing path analysis technique. The result of this research indicate that the intensity of market competition is a determinant of the use of the information MAS which, in turn, is a determinant plays a mediating role in the relationship between the intensity of market compe- tition and business unit performance. An interpretation of the result is that those organizations which use the information can effectively face competition in the market and thereby improve performance."

"Di tengah maraknya pasar modern saat ini keberadaan pasar tradisional semakin tidak populer. Pasar tradisional banyak yang mati?sudah tidak digunakan untuk aktivitas jual beli. Pemerintah melakukan program Revitalisasi untuk menghidupkan kembali pasar tradisional. Intervensi berupa relokasi dan perbaikan gedung yang dilakukan tidak mampu membuat pasar-pasar tersebut hidup kembali. Namun, di tengah fenomena ini masih terdapat beberapa pasar tradisional yang masih hidup?digunakan untuk aktivitas jual beli?tanpa mengalami intervensi tersebut. Pertanyaan akan bagaimana pasar tersebut masih tetap hidup dan pengaruh pasar dengan kawasan di sekitarnya akan dijawab dengan pengamatan langsung dan studi literatur yang dituliskan secara deskriptif. Studi kasus yang dilakukan di kawasan Pasar Sunan Giri menunjukkan bahwa hubungan interaksi timbal balik antara pasar dengan aktivitas di kawasan sekitarnya (yang tercipta dari tata guna lahan kawasan) dapat menciptakan jejaring movement economy sehingga membuat Pasar Sunan Giri tetap hidup

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In the midst of today's modern markets, the presence of traditional markets is not popular anymore. Traditional markets are dying?not used for trading activity. The Government made a Revitalization Program to ressurect the traditional markets from this situation. Interventions, such as relocation and buildings repairments, were unable to make these markets survive. However, in the middle of this phenomenon, there are few surviving traditional markets?still used for trading activity?without experiencing the intervention. The question about how those markets can still ?live? and influence the surrounding neighborhood would be answered by direct observation and study of literature which were written descriptively. The case study, which were conducted in Sunan Giri Market area, indicates that reciprocal interaction between the market and the activity in the surrounding area (which were created by regional landuse) can create a movement economy networking so that Sunan Giri Market survives."

"ABSTRAKTesis ini membahas analisis risiko sistematis obligasi PLN periode 2004-2008. Analisis dilakukan dua tahap regresi. Pertama: estimasi hubungan imbal basil antara obligasi korporasi PLN dengan imbal basil indeks pasar obligasi korporasi Bursa Efek Indonesia (BEI), dengan pendekatan model faktor "single factor market model ". Kedua, analisis korelasi beta koofisien dengan variabel-variabel term to maturity, coupon rate, bond rating, dan yield spread pada obligasi PLN, diharapkan dapat menjelaskan risiko sistematis obligasi PLN. Indikasi regresi faktor model: sensitivitas imbal basil obligasi PLN terhadap imbal basil indeks pasar obligasi Bursa Efek Indonesia (BEI) sebagian besar sangat rendah, dan besaran risiko sistematis yang melekat pada obligasi PLN <25%, ini berhubungan dengan pergerakan beta koofisien PLN sebagian besar <1.0 (beta pasar). Variabelvariabel bebas PLN tersebut berkorelasi dengan beta koofisien PLN, dibuktikan dengan nilai signifikasi alpha <20%, sehingga variabel-variabel tersebut dapat menjelaskan risiko sistematis obligasi PLN, yang merupakan bagian dari faktor makro (sistematis) yang dapat mempengaruhi sensitivitas imbal basil obligasi korporasi PLN terhadap imbal basil indeks pasar Bursa Efek Indonesia (BEI), sesuai hipotesis (Weinstein, 1981). ;In this study, we examine the systematic risk of PLN bonds in during 2004- 2008. There are two steps regressions.

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ABSTRACT

In this study, we examine the systematic risk of PLN bonds in during 2004- 2008. There are two steps regressions: firstly, we estimate the return relationship between the PLN bonds return on the corporate bond market index of the Indonesia Stock Exchange (IDX), using factor model approach "single-factor market model". Next, we regress the correlations between the cooficient betas with term to maturity, coupon rate, bond rating, dan yield spread variables in PLN bonds, and is expected to explain the systematic risk of PLN bonds. Indications of the model factor regression: the sensitivity of PLN bond return with the corporate bond market index of the Indonesia Stock Exchange (IDX) is mostly very low, and the amount of systematic risk in PLN bonds is <25%, that is related with the PLN cooficient betas movement, is mostly <1.0 (market beta). The PLN Independent variables are correlated with PLN koofisien beta, is evidenced by an alpha significance in p-value <20%, so these variables have power in explaining of the systematic risk in PLN bond, which is part of the macro factors (systematic) which can be affect in the sensitivity of PLN bonds return with the corporate bond market index of the Indonesia Stock Exchange (IDX), according to the hypothesis (Weinstein, 1981)."

"Penelitian ini bertujuan untuk mengetahui besarnya pengaruh fokus pasar dan pelanggan ( pengetahuan pasar, pengetahuan pelanggan, hubungan pelanggan, kepuasan pelanggan ) dan pengelolaan proses layanan terhadap kinerja operasional RS.Karya Husada Cikampek tahun 2008. Secara teoritis penelitian ini mengacu pada konsep dari .Malcolm Baldrige Criteria for Peiformance Excellence ( MBCfPE ), dalam Health Care Criteria for Performance Excellence 2008.Penelitian ini merupakan penelitian survey dengan pendekatan kuantitatif. dimana data yang digunakan adalah data primer dengan memakai alat bantu kuisioner. Metode penelitian menggunakan metode analisis jalur atau disebut juga Path Analysis. Sampel penelitian diambil dari karyawan RS.Karya Husada Cikampek tahun 200& dengan menggunakan stratified ramdom sampling berdasarkan kelompok unit kerjanya.Hasil penelitian ditemukan bahwa pengelolaan proses layanan dipengaruhi oleh pengaruh pengetahuan pasar, pengetahuan pelanggan, hubungan pe]anggan, kepuasan pelanggan tcrhadap pengelolaan proses layanan. Ditemukan bahwa yang mempunyai pengaruh langsung dengan persentase yang lebih besar yaitu pengetahuan pelanggan yaitu sebesar 48,3 %.Untuk pengaruh pengetahuan pasar, pengetahuan pelanggan, hubungan pelanggan, kepuasan pelanggan dan pengelolaan proses layanan terhadap kinetja operasional RS.Karya Husada Cikarnpek. Ditemukan bahwa yang mempunyai pengaruh langsung dengan presentase yang lebih besar yaitu pengetahuan pelanggan yaitu sebesar 48,3 %.Untuk pengaruh pengetahuan pasar, pengetahuan pelanggan, hubungan pelanggan, kepuasan pelanggan dan pengelolaan proses layanan terhadap kinerja operasional RS. Karya Husada Cikampek. Ditemukan bahwa yang mempunyai pengaruh langsung dengan prosentase yang lebih besar yaitu kepuasan pelanggan sebesar 55,4 %.Berdasarkan penelitian ini disarankan pada manajemen untuk melakukan pengenalan dan pemahaman karakteristik pasien yang menjadi target pangsa pasar. Pihak manajemen perlu melakukan upaya terus menerus untuk melakukan evaluasi dan perbaikan pada proses kerja manajer operasional sebaiknya melakukan pengawasan secara rutin terhadap seluruh proses pelayanan.

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This study has a goal to know how much the influence of market focus and customer (market knowledge customer knowledge, customer relationship, customer satisfaction) and also service management process to operational work in Karya Husada Cikampek Hospital in 2008. Theoretically, this study is according to Malcom/ Baldrige Criteria for Performance Excellence (MBCjPE), in Health Care Criteria for Peiformance Excellence 2008.

This study is an survey study with quantitative approach. where the data that used is primary data by questioner help device. The method that had been used by this study is Path Analysis, The sample was taken from Karya Husada Cikampek employee in 2008 using Stratified Random Sampling according to its working unit.

The result shows that service management process is affected by market knowledge, customer knowledge, customer satisfaction. Found that customer knowledge has a direct eftect with a bigger percentage by 48,3%.

For the effect of market knowledge, customer knowledge, customer relationship, customer satisfaction and service management process to Karya Husada Cikampek Hospital, found that factor that have direct effect with bigger percentage is customer satisfaction by 55,4%.

According to this study, management is suggested to do recognize and understand patient characteristic that become the target of the market. Management need to evaluate and fix the working process continuously. Operational manager should look after the whole process routinely."

"Manajer investasi memiliki perbedaan dalam mengelola portofolio reksadana mereka, perbedaan inilah yang kemudian mempengaruhi kinerja reksadana saham. Berdasarkan penelitian yang dilakukan oleh Petajisto (2013), manajer investasi yang memiliki tingkat keaktifan yang tinggi memiliki potensi memberikan tingkat pengembalian reksadana saham yang lebih tinggi dibandingkan tingkat pengembalian indeks acuannya. Sedangkan manajer investasi dengan tingkat keaktifan rata - rata cenderung memberikan kinerja reksadana lebih buruk dibandingkan kinerja indeks acuan. Tesis ini mengukur tingkat keaktifan manajer investasi dalam mengelola portofolio reksadana saham yang beredar di Indonesia dan dampaknya terhadap kinerja reksadana. Metode pengukuran menggunakan metode active share dan tracking error yang diusulkan oleh Cremers & Petajisto (2009). Dimana dengan metode ini, tingkat keaktifan manajer investasi diukur berdasarkan stock selection dan market timing. Kemudian hasil pengukuran tersebut dibandingkan dengan kinerja reksadana saham. Dengan demikian, dapat dianalisis dampak tingkat keaktifan manajer investasi terhadap kinerja reksadana yang dikelolanya.

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Investment manager have different style in manage their mutual fund portfolio. This difference then give impact on the mutual fund performance. Based on Petajisto (2013) research finding, investment manager with high mutual fund active management tend to deliver high return, while average mutual fund active management tend to deliver low return even below it`s benchmark index. This thesis try to measure investment manager activity in managing their mutual fund portflio in Indonesia, using active share and tracking error propose by Cremers & Petajisto (2009). Where with this metode, active management measure based on stock selection and market timing. The result then compare with Indonesian mutual fund performance to analyse the impact of investment manager activity in managing the mutual fund portfolio."