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"Penelitian ini mempertimbangkan adanya masalah bias perilaku anchoring pada keputusan legal insider trading yang terjadi di Ho Chi Minh Stock Exchange. Tinjauan utama penelitian dilakukan dengan menggunakan data saham bulanan yang secara konsisten terdapat pada indeks saham VN30 selama 10 tahun. Hasil pada penelitian ini menunjukkan bahwa keputusan legal insider trading (internal shareholders dan related person's) dipengaruhi oleh adanya bias perilaku anchoring terhadap indikator 52-Week High. Kedekatan harga saham dengan indikator 52-Week High mendorong adanya kecenderungan insider untuk melakukan penjualan saham lebih banyak dibandingkan keputusan pembelian dan momentum return bergerak upward (positif). Hal ini berlaku sebaliknya, ketika harga saham menjauhi indikator 52-Week High, maka insider cenderung untuk melakukan pembelian saham lebih banyak dibandingkan penjualan yang dilakukannya. Kondisi ini menunjukkan bahwa insider melakukan strategi kontrarian dalam melakukan perdagangan. Sedangkan keputusan insider trading yang dilakukan oleh major shareholders tidak dipengaruhi oleh indikator 52-Week High. Temuan tersebut menunjukkan bahwa insider meskipun memiliki akses terhadap informasi perusahaan yang lebih baik dibandingkan investor publik dalam pengambilan keputusannya masih rentan terhadap bias perilaku.

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The paper considers the problem of bias anchoring behavior on legal insider trading decisions that occur in Ho Chi Minh City Stock Exchange. A major review of research done using monthly stock data that are consistently present in VN30 stock index for 10 years. The results in this study show that legal insider trading decisions (internal shareholders and related person's) are influenced by the behavior of the anchoring bias to the indicator 52-Week High. The nearness of the stock price indicator of 52-Week High encourages their tendency to commit sales more than purchasing decisions and upward return momentum. It works in reverse, when the stock price are far from the indicator of 52-Week High, then the insider tend to purchase more shares than sales did. These conditions indicate that the insider performs a contrarian strategy to trade. While insider trading decisions made by the major shareholders are not affected by the indicator 52-Week High. Those findings indicate that despite having access to insider information about the company is better than public investors in its decision-making is still susceptible to bias behavior."

"Tugas Akhir ini membahas tentang peran Ho Chi Minh dalam pergerakan kemerdekaan dari kolonialisasi Prancis di Vietnam, hingga deklarasi kemerdekaan Vietnam pada 2 September 1945. Dalam penjelasannya, penelitian ini menganalisis bagaimana peran Ho Chi Minh yang paling menonjol dalam usaha memerdekakan Vietnam. Penelitian ini menggunakan metode deskriptif dengan data yang diperoleh dari studi pustaka. Teori yang digunakan untuk menganalisis ialah Teori Kolonialisme dan Teori Elit. Penelitian ini menemukan, bahwa Ho Chi Minh berhasil menjadi tokoh pemersatu bagi kelompok-kelompok yang sebelumnya terpecah di Vietnam. Hal ini diwujudkan dengan usaha Ho Chi Minh dalam membentuk Partai Komunis Vietnam, mendirikan organisasi Viet Minh, dan menjadi tokoh sentral dalam gerakan Revolusi Agustus 1945.

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This research discuss about Ho Chi Minh roles in Vietnam independence movement from France colonialization until Vietnam's independence declaration at September 2, 1945. In further explanation, this research analyze Ho Chi Minh's most prominent roles in struggle of liberating Vietnam from colonialization. This research uses descriptive method with the data obtained from literature study. The theory used to analyze is the Colonialism Theory and Theory of Elite. This research found that Ho Chi Minh managed to become unifying figure for groups that were previously separated in Vietnam. This was realized with Ho Chi Minh's efforts to established Vietnamese Communist Party, established Viet Minh organization, and become central figure in August Revolution."

"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."

"As part of CRONOS , this study, with cross-sectional design, aimed to observe nutritional and health status and some of their determinants, both nutritional and non-nutritional, of free-living elderly and middle-aged people in poor area of Ho Chi Minh city, Vietnam. Data on dietary intake, anthropometry, socio-economic psychological stains and health assessment were collected hom 100 Vietnamese elderly men and women between 60-74 years and 100 middle-aged men and women aged 35-44 years old living during 2 months January and February, 1996 in village 2, district 4, Ho Chi Minh city, Vietnam. Findings of this study showed that both age groups had low energy and nutrient intakes assessed by single 24-hour recall. Median energy intakes were 8.2 MJ and 4 MJ for middle-aged and elderly rwpectively, which was suggested to be due to real energy intake deficiency in study population and underrestimation in the recalls. Anthropometric Endings demonstrated that the elderly had lower nutritional status as compared to the middle-aged (40% of elderly versus 26% of middle-aged were classified as chronic energy deficiency). This study also confirmed that the Vietnamese elderly had higher prevalence of abdominal fairness than their younger conterparts, as evidenced by having higher abdomen-to-hip ratio. Socio-economic and psychological data suggested that Vietnamese elderly received both socio-economic and psychological support nom family substantially. Only one third of elderly people self-perveived health as good. Discrepancy between self-reported hypertension and observed hypertension suggested that medical care in the elderly population is not of concern. High prevalence of hypertension (40%) and smoking (78%) indicated that Cardiovascular disease risk factors merits consideration in the geriatric care System in Vietnam."

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Studi ini meneliti 59 kejadian stock split  di pasar modal negara berkembang, Indonesia, pada periode 2010-2017. Ditemukan bahwa, pada perusahaan dengan karakter rentan potensi insider trading (diproksikan dengan kepemilikan individu rendah, kepemilikan insititusi rendah, dan ukuran kapitalisasi pasar rendah) menghasilkan imbal hasil abnormal yang lebih tinggi. Potensi insider trading juga diindikasikan dengan adanya imbal hasil abnormal yang lebih besar di periode sebelum pengumuman stock split dibanding setelah pengumuman, yang ditemukan pada perusahaan dengan kepemilikan asing yang rendah. Lebih lanjut, volume perdagangan saham cenderung meningkat di periode sebelum pengumuman stock split. Pola ini menjadi indikasi kebocoran informasi dan aktivitas orang dalam, terutama pada perusahaan yang rentan.

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This research examined abnormal returns that coming shortly prior split’s announcement date. This indication leads to suspicious insider trading, especially in emerging country capital market with lax regulatory structure. This study examined 59 split events in Indonesia stock market during 2010 to 2017 period. In the vulnerable firms (firm with lower foreign ownership, lower institutional ownership, lower individual ownership, and lower financial institution ownership) stock did split, they significantly provided higher abnormal returns around split announcement. Illegal insider trading also implied by higher abnormal return prior to split announcements, which found in firm with lower foreign ownership. Furthermore, the increasing trend of stock trading activity before the split announcement date is suspected as leakage information and indication of insider activity, especially in more vulnerable firm.

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"Penelitian ini membahas mengenai tinjauan hukum terhadap peran Insider dalam terjadinya suatu kegiatan Insider Trading yang melanggar ketentuan peraturan perundang-undangan Pasar Modal, dengan melakukan perbandingan terhadap penegakan hukum di Pasar Modal di Indonesia dengan di Singapura. Pengaturan yang berlaku saat ini mengenai Insider Trading di Indonesia belum pernah mengalami perubahan seperti layaknya pengaturan yang berlaku mengenai Insider Trading di Singapura, menyebabkan terbatasnya ruang lingkup pengaturan Insider Trading di Indonesia, dan besarnya peran Insider terhadap suatu kegiatan Insider Trading dapat ditindak sebagai pelanggaran hukum atau tidak. Adanya pembahasan kasus terhadap Vincent Rajiv Louis dimana Vincent Rajiv Louis merupakan seorang pelaku Insider Trading yang memiliki inside information dan melakukan transaksi namun bukan merupakan Insider maupun Tippee, ketika diteliti dengan ketentuan peraturan perundang-undangan Indonesia tidak terjerat hukum, karena Undang-Undang Pasar Modal Indonesia tidak mengatur penegakan hukum terhadap pihak pelaku transaksi yang bukan merupakan Insider. Sementara, Securities and Futures Act di Singapura dapat menghukum Vincent Rajiv Louis, dalam bentuk Civil Penalty yang dikenakan oleh MAS. Dalam penegakan hukum terhadap Insider Trading, Undang-Undang Pasar Modal belum bisa memfasilitasi Otoritas Jasa Keuangan sebagai otoritas penegak hukum karena sudah ketinggalan zaman dan tidak mengandung asas yang tepat agar dapat membuat undang-undang itu dijalankan secara efektif oleh OJK.

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This study discusses concerning the legal perspective on the role of Insider in Insider Trading activities that violates the prevailing laws and regulations in the Securities Law, by comparing the law enforcement in Indonesia and Singapore in the Capital Market. The current prevailing securities law in Indonesia has not been modified and revised like the prevailing securities law in Singapore, resulting in the limited scope of the regulations concerning Insider Trading in Indonesia, and a big role of Insider in regards to whether an Insider Trading activity can be punished as a violation of law or not. The analysis on the Vincent Rajiv Louis case, in which Vincent Rajiv Louis is a culprit of Insider Trading, however he is not an Insider nor a Tippee, when analyzed by the prevailing laws and regulations in Indonesia cannot be punished, because the Securities Law in Indonesia does not regulate regarding violations conducted by parties other than Insiders. Meanwhile, Securities and Futures Act in Singapore was able to punish Vincent Rajiv Louis in form of Civil Penalty, carried out by MAS. In law enforcement against Insider Trading, the Securities Law in Indonesia has yet to be able to facilitate the Otoritas Jasa Keuangan as the law enforcement authority because it is out of time, and does not consist of the up-to-date principles that will be able to make the securities law effectively carried out by OJK."

"Tujuan penelitian ini adalah menganalisis pengaruh insider ownership serta konsentrasi kepemilikan terhadap nilai perusahaan. Populasi penelitian adalah semua perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia (BEI) periode tahun 2010-2013 yang memiliki laba positif dan laporan keuangan yang lengkap. Sampel penelitian terdiri dari 61 perusahaan manufaktur yang terdaftar di BEI periode tahun 2010-2013 atau 244 observasi. Analisis data dilakukan dengan analisis regresi data panel dengan bantuan program software EViews versi 7.0. Hasil penelitian menunjukkan bahwa insider ownership memiliki pengaruh signifikan positif terhadap nilai perusahaan, namun penelitian ini tidak berhasil menguji pengaruh konsentrasi kepemilikan terhadap nilai perusahaan.

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The purpose of this research is to analyze the influence of insider ownership and ownership concentration on firm value. The study population is all manufacturing companies listed on the Indonesia Stock Exchange (IDX) period 2010-2013 which has a positive profit and complete financial statements. The sample of this research is 61 manufacturing companies listed on the IDX period 2010-2013 or 244 observations. Data analysis was done by regression analysis of panel data with the help of software program EViews version 7.0. The results show that insider ownership has a significant positive influence on firm value, but this research did not successfully test the effect of ownership concentration on firm value."