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"ABSTRAKPenelitian ini bertujuan untuk melihat relevansi nilai laba, nilai buku, dan investasi pada 81emiten Bursa Efek Indonesia tahun 2007-2012, dengan model Ohlson. Selain itu, dampakmasalah arus kas bebas juga dimasukkan ke dalam model sebagai dummy variabel untukmelihat dampaknya terhadap relevansi nilai tersebut. Hasil menunjukkan secara bersamasama,laba, nilai buku, dan investasi berpengaruh signifikan terhadap harga saham. Secaraparsial, laba, nilai buku, dan investasi secara signifikan mempengaruhi harga saham danberkorelasi positif. Indikasi masalah arus kas bebas menambah relevansi nilai laba dan nilaibuku terhadap harga saham, tetapi justru melemahkan relevansi nilai investasi terhadap hargasaham.

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ABSTRACTThis study aimed to examine the value relevance of earnings, book value, and investments of81 issuers in Indonesia Stock Exchange from 2007-2012, using the model of Ohlson’s. Theimpact of free cash flow problems are also incorporated into the model as a dummy variableto see its impact on the value relevance. The results show, simultaneously, earnings, bookvalue, and investments have a significant effect on stock prices. Partially, earnings, bookvalue, and investments significantly affect the stock prices and positively correlated.Indications of free cash flow problems add the value relevance of earnings and book value onstock prices, but it weakens the value relevance of the investments on the stock prices."

"Penelitian ini menguji signifikansi pengaruh Debt to Equity Ratio, Operation Leverage, dan Firm Size terhadap Imbal Hasil (return) saham yang diperdagangkan Perusahaan Non Keuangan di Bursa Efek Indonesia selama kurun waktu tahun 2009 - 2013. Analisis data menggunakan metode Ordinary Least Square (OLS), dan mendapatkan kesimpulan bahwa variabel Debt to Equity Ratio, Operation Leverage, dan Firm Size secara bersama-sama tidak mampu menjelaskan dan tidak memiliki pengaruh yang signifikan terhadap variasi imbal hasil (return) saham. Selain itu, ditemukan bahwa Firm Size secara individual memiliki pengaruh signifikan terhadap imbal hasil (return) saham untuk sektor Industri Dasar dan Kimia, Industri Barang Konsumsi, Infrastruktur, Utilitas dan Transportasi, Aneka Industri, serta Perdagangan dan Jasa. Debt to Equity Ratio (DER) secara individual memiliki pengaruh signifikan terhadap imbal hasil (return) saham untuk sektor Industri Dasar dan Kimia, Industri Barang Konsumsi, serta Aneka Industri. Operation Leverage (DOL) secara individual memiliki pengaruh signifikan terhadap imbal hasil (return) saham untuk sektor Industri Dasar dan Kimia, Industri Barang Konsumsi, Infrastruktur, Utilitas dan Transportasi, serta Aneka Industri.

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Research conducted to test the significance of the influence of the Debt to Equity Ratio, Operation Leverage, and Firm Size against the yield (return) shares traded on Non Financial Companies in Indonesia stock exchange during the period 2009 - 2013. Data analysis method using the Ordinary Least Square (OLS), and get the conclusion that the variable Debt to Equity Ratio, Operation Leverage, and Firm Size together was not able to explain and does not have significant influence towards variations of yield (return) shares of the company traded on the non financial IDX during the years 2009-2013. However, it was found that Firm Size variable have a significant influence on an individual basis against the yield (return) shares for Basic Industry and Chemicals, Consumer Goods Industry, Infrastructure, Utilities and Transportation, Miscellaneous industry, and Trade and Service sectors. Debt to Equity Ratio (DER) individually have significant influence towards the yield (return) shares for Basic Industry and Chemicals, Consumer Goods Industry, and Miscellaneous industry sectors. Operation Leverage (DOL) individually have significant influence towards the yield (return) shares for Basic Industry and Chemicals, Consumer Goods Industry, Infrastructure, Utilities and Transportation, Miscellaneous industry sectors."

"ABSTRAKPenelitian ini dilakukan untuk mengukur risiko kredit dari kartu kredit dan menganalisis variabel makroekonomi yang mempengaruhi rasio Non Performing Loan NPL kartu kredit Bank X. Risiko kredit dari kartu kredit diukur menggunakan metode CreditRisk . Analisis variabel makroekonomi terhadap rasio NPL kartu kredit menggunakan metode regresi linier berganda. Berdasarkan hasil perhitungan risiko kredit menggunakan CreditRisk , maka diperoleh nilai Value at Risk VaR yang mengakomodir nilai kerugian aktual. Berdasarkan metode regresi linier berganda, diketahui bahwa nilai tukar, laju PDB, IHK, inflasi, M2, BI Rate, dan tingkat pengangguran terbuka berpengaruh terhadap rasio NPL kartu kredit PT. Bank X.

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ABSTRACTThis research was conducted to measure the credit risk of credit card and analyze the macroeconomic variables that affect the ratio of Non Performing Loan NPL Credit Card of PT. Bank X. The credit risk of credit card measured using methods CreditRisk . Analysis of macroeconomic variables on the credit card NPL ratio using multiple linear regression method. Based on the calculation of credit risk using the Credit Risk , the obtained value of Value at Risk VaR accommodates the value of the actual loss. Based on the multiple linear regression method, it is known that the exchange rate, the rate of PDB, CPI, inflation, M2, BI Rate, and the unemployment rate affect the NPL ratio for credit cards PT. Bank X."

"ABSTRAKPenelitian ini dilakukan untuk menganalisis risiko investasi yang perlu dipertimbangkan oleh KKKS A selaku investor dalam periode 2017 s.d. 2055 terkait skema pembiayaan proyek LNG berdasarkan analisis keekonomian dan analisis tata kelola migas, kebijakan pemerintah terhadap gas bumi, kepatuhan dan regulasi. Hasil analisis berdasarkan perhitungan keekonomian menyimpulkan bahwa skema pembiayaan proyek LNG dengan metode Trustee Borrowing Scheme TBS maupun Production Sharing Contract PSC memberikan nilai tambah bagi perusahaan. Melalui metode TBS diperoleh tingkat pengembalian investasi yang lebih besar dibandingkan dengan skema PSC. Hasil analisis sensitivitas menunjukkan bahwa jangka waktu kontrak bagi hasil dan alokasi penjualan gas untuk domestik merupakan variabel yang paling sensitif terhadap nilai keekonomian proyek. Analisis hasil wawancara mendalam terkait tata kelola migas, kebijakan pemerintah terhadap gas bumi, kepatuhan dan regulasi menyimpulkan bahwa ketidakpastian regulasi dan inkonsistensi kebijakan pemerintah terhadap gas bumi merupakan faktor utama yang dapat menghambat investasi dan mengurangi nilai keekonomian proyek.

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ABSTRACTThis research is conducted to analyze the investment risk that should be considered by PSC A as an investor during 2017 ndash 2055 in relation to LNG project financing scheme based on economic analysis and analysis on governance in oil and gas, government policy on natural gas, compliance and regulation. Result of analysis on economic calculation has concluded that LNG project financing scheme with both methods of Trustee Borrowing Scheme TBS or Production Sharing Contract PSC has added value to the company. TBS method can generate higher investment return than PSC scheme. Result of sensitivity analysis has shown that the production sharing contract term and gas for domestic market obligation are the most sensitive variables that can effect to project economic. Analysis through in depth interview to assess governance in oil and gas, government policy on natural gas, compliance and regulation has concluded that the uncertainty regulation and inconsistency of government policy on natural gas are the main factors that possibly obstruct the investment and reduce the project economic value."

"ABSTRAKPenelitian ini bertujuan untuk mengetahui pengaruh penerapan Enterprise Risk Management ERM terhadap kinerja 46 perusahaan Tbk pada Industri Keuangan Non-Bank. Penelitian ini menggunakan metode data panel dengan regresi linier. Variabel kinerja yang digunakan adalah ROA, ROE, pertumbuhan penjualan, dan rasio ekuitas terhadap total aset. Selain itu, digunakan variabel kontrol ukuran perusahaan yang direpresentasikan oleh total aset. Hasil penelitian membuktikan bahwa penerapan Enterprise Risk Management perusahaan Tbk pada IKNB berpengaruh signifikan positif terhadap rasio modal terhadap total aset EQTA dan berpengaruh tidak signifikan terhadap ROA, ROE, dan pertumbuhan penjualan SALES_GWT .

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ABSTRACTThis research is conducted to ensure the effect of ERM to 46 company rsquo s performance which included in the Non Bank Financial Industry NBFI that already listed in Indonesia Stock Exchange. The metodology used for this research is panel data with linear regression. Company performance indicator that used in this research are ROA, ROE, Sales Growth, and Equity to total asset ratio. In addition, size of the company that represented by total asset has used as control variable. The implementation result has shown that the implementation of ERM on NBFI companies is significantly effected to capital ratio to total asset EQTA . But not statistically significant effected to ROA, ROE, and sales growth SALES GWT ."

"ABSTRAKBerkembangnya gaya hidup vegetarian secara global termasuk diIndonesia membuka peluang bagi munculnya restoran-restoran baru yang khususmenawarkan menu vegan ataupun vegetarian. Namun, seperti usaha kecil danmenengah umumnya, restoran seperti ini belum memiliki perencanaan bisnis yangmatang. Dalam industri jasa, pemasaran adalah aspek yang sangat penting dan halinipun belum menjadi perhatian mereka. Tesis ini berusaha memecahkanpermasalahan tersebut dengan mengambil studi kasus Loving Hut Express Binus(LHEB), sebuah restoran vegetarian berkapasitas menengah yang terletak di areaUniversitas Bina Nusantara. Metodologi penelitian yang dipakai berdasarkanperencanaan pemasaran strategis yang dikemukakan oleh Malcolm McDonald.Proses perencanaan dimulai dari penentuan tujuan perusahaan sampai penyusunantaktik pemasaran termasuk audit pemasaran. Hasil dari perencanaan ini adalahrencana pemasaran LHEB dan berdasarkan audit pemasaran, kelima elemenPorter’s 5 Forces, kecuali kekuatan penyuplai, memiliki pengaruh yang kuat.Turut ditemukan bahwa harga dan kualitas pelayanan merupakan kuncikesuksesan utama.

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ABSTRACTThe thriving of vegetarian lifestyle globally including Indonesia hasopened the opportunity of the emerging of new restaurants that specialize invegetarian or vegan menu. However, similar to other typical small mediumenterprises, usually this kind of establishments have not had a reliable businessplan. Marketing, which has a very important role in service industry, has not alsobeen their main concern. This thesis tries to provide solution to that matter bytaking a case study of Loving Hut Express Binus (LHEB), a medium-sizedvegetarian restaurant which located in Bina Nusantara University area. Themethodology is based on Malcolm McDonald’s strategic marketing planning forservices. The planning process starts from corporate objectives determination untilmarketing tactics development and also includes marketing audit. The result ofthis planning process is a marketing plan of LHEB while the marketing auditshows that all 5 forces elements, except supplier power, are strong. It is also foundout that price and service quality are key success factors."

"ABSTRAKTujuan utama dari studi ini adalah untuk mengetahui efek dari masuknya kepemilikan asing pada tingkat keuntungan dan biaya operasional perbankan domestik. Studi ini menggunakan panel data perbankan dari 82 bank komersial yang beroperasi di Indonesia pada Desember 2012. Panel data tersebut mencakup tahun 2000 sampai 2012 dan mewakili 92 persen dari total asset bank komersial di Indonesia. Studi ini menyimpulkan bahwa kepemilikan asing berhubungan dengan perbaikan performansi dari perbankan domestik. Secara spesifik, keterlibatan investor asing di dalam industri perbankan mendorong persaingan secara efektif karena perbankan domestik terdorong untuk memperluas bisnis usaha dan memperbaiki teknologi dan sistem produksi

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ABSTRACTThe main objective of this study is to examine the impact of foreign entry on the domestic banking market’s profitability and overhead costs. A panel data covering the period from 2000 to 2012 is set based on the financial data from 82 commercial banks, which operated in Indonesia as of December 2012 and represented 92 percent of the commercial banks’ total assets. The findings provide evidence that foreign entry is associated with improved domestic banking performance. Specifically, the entry of foreign investors in the domestic banking market may serve as an effective competitive force, forcing domestic banks to enhance and expand their business in order to increase their profitability as well as compelling domestic banks to update production technology and techniques."

"ABSTRAKKebijakan Quantitative Easing (QE) dijalankan The Fed untuk menggerakan perekonomian Amerika Serikat (AS) yang terpuruk akibat krisis subprime mortgage. Kebijakan QE yang telah tiga kali dilaksanakan sejak 2008, juga dianggap mendorong masuknya investor asing ke emerging markets. Penelitian ini fokus pada korelasi dinamis antara bursa saham AS dengan emerging markets dalam ASEAN 6 dan Fragile Five. Menggunakan metode Dynamic Conditional Correlation, hasil penelitian menunjukan bahwa bursa saham Brazil dan Afrika Selatan merupakan emerging market yang memiliki korelasi terkuat dengan AS. Selain itu, aset saham juga terlihat merupakan jenis investasi yang paling dominan dipilih investor asing di hampir semua emerging markets, kecuali di Thailand dan Filipina saat periode QE1 berjalan.

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ABSTRACTQuantitative Easing (QE) is a policy implemented by The Fed to stimulate U.S. economy after subprime mortgage crisis. Implemented three times since 2008, QE is also considered as the cause of foreign short term capital flows to emerging markets. This research focuses on the dynamic correlation between the U.S. stock market and emerging stock markets in ASEAN 6 and Fragile Five. Using Dynamic Conditional Correlation method, the results shows that Brazil and South Africa are strongly correlated with the U.S. Additionally, foreign investors seem to pick stocks as their main asset class during QE in almost all emerging markets, except in Thailand and The Philippines during the first QE period."