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"Abstract. The first objective of this study is to analyze what kind of sector industry which is selected by foreign investorin Indonesia. Second, to analyze what kind of financial firm characteristic of stocks which is selected by foreign investor.This study used a quantitative approach by using secondary data from financial reports and historical data from IndonesianStock Exchange. Researcher used multivariate regression to analyze the correlation between stocks selected by foreigninvestor with financial firm characteristic. Based on the result, foreign investor are overweight stocks from ConsumerGoods Industry. Dividend yield, beta, and book to market are financial firm characteristic which is significantly influencethe stock selection by foreign investor."

"Tujuan dari penelitian ini adalah untuk menganalisis pola transaksi investor asing dan investor domestik di Bursa Efek Indonesia, menggunakan data harian pada periode 2013 hingga 2017. Metode yang digunakan dalam penelitian ini adalah vektor autoregresi (VAR). Variabel yang digunakan dalam penelitian ini adalah pergerakan return Indeks Harga Saham Gabungan (IHSG), nilai pembelian (penjualan) bersih investor asing pada saham yang diproksikan dalam Net Investment Flow (NIF) asing, dan nilai pembelian (penjualan) bersih investor domestik diproksikan dalam Net Investment Flow (NIF) domestik. Hasil VAR menunjukkan investor asing memiliki respon yang positif atas pergerakan return IHSG, sedangkan investor domestik memiliki respon negatif atas pergerakan return IHSG dalam perdagangan jangka pendek. Investor domestik memiliki respon negatif signifikan terhadap NIF asing, sedangkan NIF asing tidak terpengaruh oleh gerakan NIF domestik.

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The purpose of this study is to analyze characteristics of foreign investor and domestic investor transactions in Indonesia Stock Exchange, using daily data for the period 2013 until 2017. The method used in this study is the vector autoregresion (VAR). Variables used in this research is the movement of returns IHSG, payment of purchase (sale) net investors, and the net purchase (sales) of domestic investors. The VAR result shows that foreign investors have a positive response to JCI's return movement, while domestic investors have negative response to JCI movement. Domestic NIF has a significant negative response with foreign NIF, whereas foreign NIF are not affected by the domestic NIF movement."

"Hasil penelitian ini menunjukkan bahwa dari 9 perusahaan yang dianalisa satu diataranya menhasilkan Cummulative Abnormal Return yang negatif. Yaitu untuk Indosat (ISAT) hal ini terkait dengan faktor-faktor eksternal seputar akuisisi ini. Untuk emiten ISAT dapat dikatakan corporate action ini bersifat bad news ditunjukkan dengan resistensi masyarakat yang tinggi dan terbukti dari SCAR yang negatif untuk perusahaan target sehingga secara umum tidak terjadi pertambahan nilai untuk Indosat (ISAT)."

"Portfolio is basically related to how one allocates a number of stocks into various investment types that results on optimal profits. By making diversification, investor may reduce the rate of risk and at the same time optimize the rate of expected return. Based on that, this research raises the problem of how to design an optimal portfolio simulation, i.e. a combination of liquid shares LQ 45 listed in Jakarta Stock Exchange (Now is known as Indonesia Stock Exchange, after the merger with Surabaya Stock Exchange) in the period of 2002-2007 by using Single Index Model and Constant Correlation Model. Single Index Model is a model of portfolio analysis using the account of Excess Return to Beta (ERB) Ratio and value of C* to gain optimal shares on portfolio. The procedure of Constant Correlation Model is exactly parallel to the case of Single Index Model. However, unlike in the Single Index Model, all securities are ranked by Excess Return to Standard Deviation (ERS) instead of Excess Return to Risk. After securities are ranked using the above ratio, securities with greater Excess Return to Standard Deviation and Cut off Point (C*) are included into the optimal portfolio."

"Abstract. The study is to find out the major type of institutional investors who own the biggest fund in the capitalmarket and to study their behaviors which can affect the market. There are three types of investors: intuitiveinvestors, emotional investors, and rational investors. To analyze the main factor of decision making, the researcherused Analytical Hierarchy Process (AHP) and spread questionnaires to several Indonesian fund managers. Theresult shows that most institutional investors are rational (55%), 45% are emotional and none of them are intuitive.The main factor influencing them to make an investment decision is the country?s economic conditions (25.12%),along with accounting information (liquidity, rentability, solvability, and quality of financial reports)."

"Abstract. This quantitative research relates tax-incentive policy with investment-climate for foreign-investedcompanies in textile industry by using the method of survey analysis. This research took samples by usingsimple random sampling method. The result shows that the tax-incentive policy is not significantly related toinvestment-climate of foreign-invested companies in textile industry in Indonesia. There are a lot of factors thatinfluence investment-climate, among others, the availability of cheap, professional experts, political stability, thecondition of market and its potential, macro-economic stability, the condition of infrastructure, legal certainty,and the condition of bureaucracy, as well as the rate of corruption in Indonesia. Based on the analysis on theresearch result, however, market access appears to be the significant factor that generates foreign investors intextile industry in Indonesia."

"Abstract. The purpose of this study is to know how the profitability (gross profit margin, operating profitmargin, return on asset, return on equity dan return on investment) of PT Adhi Karya, as an object of thisstudy, before and after IPO 2004-2008 period. This research is qualitative descriptive interpretive. The datawere collected from company financial statement 2000 – 2008 which four years before and after the IPO andexcluded 2004 as the year of IPO. The research result showed that only gross profit margin, operating margindan net profit margin which have a better performance after IPO. From Kruskall Wallis test profitability has abetter finance performance after IPO."

"Abstract. The Indonesian government has attempted to increase the function of excise duty as the source of revenueand consumer goods controller by expanding excise-taxed goods on carbonated soft drinks. This research aimed to learnthe background, the government?s effort, and the revenue potential of carbonated soft drinks. The result showed that theexpanding of the goods are based on their nature and characteristics of excise-taxed goods?regulated in Law No. 39 of2007 as goods whose consumption must be limited, whose distribution must be controlled, and whose usage produces anegative impact on the health of the people and the environment; as well as goods whose usage is taxed for the sake ofjustice. The efforts done by the government are to revise the Excise Law, to conduct a deep study and internal socialization,and to establish accountable human resources. It is hoped that eventually the implementation of excise duty on carbonatedsoft drinks would increase state revenue without at the same time neglecting programs of people?s health improvement."

"The research aimed to construct the scenario of sub-national government administration in Indonesia and its available alternatives. The approach used was qualitative approach with the method of focus group discussion (FGD) and in-depth interview with economic and social politicians and bureaucrats. In addition secondary data were used to support the result. Two scenarios of the environment of Indonesian sub-national administration for 2025 are gained from two FGDs: the Utopian Scenario and Tumble into the Gutter Scenario. According to the first FGD, the utopian scenario is less likely to happen within the next 20 years, while the tumble-into-the-gutter scenario is considered more likely, especially if the recent condition is long-drawn-out, the homework is never done, and there is lack of awareness from national and local political elites on the recent crisis."