Bina Ekonomi
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PENGARUH FAKTOR EKSTERNAL, KEPUTUSAN INTERNAL KEUANGAN, DAN FREE CASH FLOW TERHADAP RETURN SAHAM PERUSAHAAN YANG TERDAFTAR PADA INDEKS KOMPAS 100 DI BURSA EFEK INDONESIA PERIODE TAHUN 2009-2013
Get PDFOne of the main goals of a company is to increase its value. High company’s value will be followed by high welfare of the stockholders. The goal is not only determined by company’s internal factors but also its external factors. The purpose of this research is to analyze the effect of external factors, internal financing decisions, and FCF on the company’s stock return. The sample of this research is 46 companies chosen from the companies that are listed in the Kompas 100 Index for the period of 2009-2013. Data of this research will be analized using descriptive statistics, the coefficient of determination, and regression, using Eviews software. There are two regression that The result of this study indicates that external factors and FCF has no effect on the Price Earning Ratio (PER), while internal financing decisions has impact on PER. If the companies’ value is represented by Capital gain, the external factors, and internal financing decisions has impact on the Capital Gain. FCF has no effect on the Capital Gain. Keywords: External factors, internal, FCF, return
ANALISIS KETAHANAN MINYAK DI 15 NEGARA PENGIMPOR MINYAK TAHUN 2010
Get PDFEnergy security is defined as the ability of an economy to provide sufficient, affordable and environmentally sustainable energy services so as to maintain a maximum welfare of the state. Despite the widespread use of the energy security concept, it doesn’t have a regular indicator to measure energy security; so this causes bias in determining the direction of energy policy. Oil Vulnerability Index _OVI) could be used as an indicator which can assess energy security, particularly in oil. This study aims to estimate oil security in 15 oil importer countries in 2010 using OVI. The results show that most countries have oil security problem. Asia is the region that has low level of oil security than other regions. Indonesia is one of the countries that has low level of oil security. Fuel subsidy is considered to have large contribution causing a low level of oil security in Indonesia
Halaman Redaksi
No full textBina Ekonomi adalah jurnal ilmiah yang diterbitkan secara berkala dua kali dalam satu tahun. Jurnal ini mewadahi karya tulis akademik hasil penelitian literatur maupun lapangan di bidang Ilmu Ekonomi, Manajemen, dan Akuntansi, yang diharapkan dapat memberi sumbangan pemahaman maupun alternatif solusi masalah ekonomi yang ada.Pemimpin Redaksi: Siwi Nugrahen
PENGARUH HEDONIC SHOPPING MOTIVATION TERHADAP IMPULSE BUYING PADA TOKO ONLINE: STUDI PADA TOKO ONLINE ZALORA
Get PDFOnline shopping, including shopping for fashion goods, has become a trend in Indonesia. One of buyer’s motivations to do online-fashion-shopping is hedonic shopping motivation. This research aims to examine the influence of hedonic shopping motivation on impulse buying process. Using 100 buyers of Zalora (an online shop) as the respondents, this study confirms that hedonic shopping motivation has a significant influence on the impulse buying process. Keywords: Hedonic shopping motivation, impulse buying process, Zalora.
MULTILEVEL MARKETING : STRATEGI PENJUALAN LANGSUNG UNTUK MENEROBOS PASAR
Get PDFSad ini berbagi variasi cara pemasaran dijalankan di lndonesia, mulai dari cara pemasaran konvensional yang mengambil jalur distribusi: produsen-Grosir-eceran-konsumen (derqan variasi toko serba ada dimana konsumen dapat memilih sendiri ataupun grosir serba ada yang juga menyediakanpotongan-potonqan menarik baik yang bersifat lokal, regional, nasional maupun intemasional, sampai dengan cara-cara yang di masa lalu mungkin belum tepikirkan seperti melalui mail-order catalog, pemasaran melalui media elektronik, maupun bisnis pemasarann bertingkat yang akrab disebut dengan multi level marketing (MLM)
KONSUMSI BBM PREMIUM DI INDONESIA DAN FAKTOR-FAKTOR YANG MEMPENGARUHINYA
Get PDFThis study examines the factors that & determine \u27premium\u27 petroleum demand in Indonesia, focusing on the period of 1980-1995. Employing a logarithmic model this study also measures price-elasticity, income-elasticity, and the cross-elasticity of premium petrol with lubricants. It is found that the demand is inelastic towards income, inelastic towards price, and that lubricants arc strong complementariness for premium petrol. Thus it can be concluded that premium petrol is a normal good (neither superior nor inferior), a relatively basic need with little or no substitutes and its demand is complementary with the demand or lubricants. Since premium petrol is a basic need for Indonesian people Government with almost no substitutes, the should not take rash steps that would cause the price of petrol apparent that if Indonesia would like to re4uce the consumption of premium petrol, price policies would not be very effective as price-elasticity is low. Non-price policies, eg., introduction of alternative energy, would probably be more potent
BARRIER OPTION
Get PDFBarrier options are the popular form of exotic options. Exotic options refer to non-standard option, which emerge due to the development in financial and option technology, the increased focus on risk management and the increased focus on the inadequacies of existing risk-management tools. Barrier options are becoming more common in the over the counter markets as alternative hedging tools since they provide cheaper price than plain European options. Barrier option is non-standard option because it has more complicated payoffs than the standard European and American option and has different activation or expiration mechanism with standard option
PARADIGMS OF DEVELOPMENT IN ASIA-PACIFIC: CONTINUING DEBATES
Get PDFDalam teori – teori pembangunan Negara sedang berkembang, muncullah aneka pradigma atau aliran yang berusaha menjelaskan penyebab, masalah, dan jalan keluar bagi kemiskinan yang dialami negara-negara dunia ketiga. Aliran pertama yang muncul adalah liberal-modernisme yang kemudain dikriitk oleh aliran strukturalisme, yang kemudain dikritik oleh aliran dependensia. Ada pula penjelasan yang diberikan oleh aliran pupulisme yang menyatakan bahwa kemakmuran yang berkeadilan hanya mungkin dumunculkan oleh struktur ekonomi yang didominasi oleh usaha=usaha kecil dan menengah. Dalam kenyataannya di Negara-negara Asia yang pembangunannya sukses (seperti Negara-negara industri baru), muncullah konvergensi paradigma-paradigma tersebut dengan cara mengambil nilai-nilai positif dari masing masing yang membuahkan kemakmuran bagi Taiwan, Korea Selatan, Singapura, dan Hongkong. Dari aliran liberal-modernisme mereka mengambil buah pemikiran bahwa perekonomian harus berlandaskan pasar yang setransparan dan seterbuka mungkin didasari atas semangat kompetisi; dari aliran strukturalisme mereka belajar untuk mengaktifkan peran pemerintah di dalam mengembangkan industri-industri strategis masa depan; dari aliran dependensia mereka menyadari bahwa pembangunan hanya mungkin berhasil jika mereka membangun industri yang mandiri tanpa tergantung pada Negara manapun; dan aliran populisme mengajarkan mereka untuk terus memperkecil kesenjangan dan meningkatkan pemerataan di dalam masyarakat
PERKEMBANGAN DAN EVALUASI KINEJRA REKSADANA TERBUKA KONTRAK INVESTASI KOLEKTIF DI INDONESIA
Get PDFThere are four kinds of investment funds: Money Market Investment Funds, Income Investment Funds, Balanced or Discretionary Investment Funds and Equity Investment Funds which can give flexibility to investors, because each investment fund has different risks and rate of return. Investors who invest in Equity Investment Funds would expect higher returns over the long term but experience greater price variability than those who invest in the Balanced or - Income Investment Funds.It is important to evaluate performance of mutual funds based on risk and return analysis. The risk adjusted return approaches are Sharpe Ratio,\u27 Treynor Ratio, Jensen\u27s Differential Return.Research was carried out by investigating the daily fluctuation of Net Asset Value within 119 of Jakarta Stock Exchange (JSE) working days over 21 investment funds which had been issued before February 1997. The result shows that Balanced Investment Funds has lower risk compared to Equity\u27 Investment Funds, but has the highest average rate of return among them.- Hypothesis testing (at 95% confidence level) shows that Income Investment Funds, Balanced Investment Funds and Equity Investment Funds have—\u27 significant risk differentiation but have no significant average rate of return\u27 - differentiation. Performance based on Sharpe Ratio, Traynor Ratio, and Jensen\u27s Differential Return shows that Balanced Investment Funds is better than Equity Investment Funds. This is due to not only to the high rate of return but also to the lower variability of the return of fixed income securities, money market instrument as well as bonds. These intriguing results implied that fund managers could enhance investment fund return by diversifying across both fixed income securities, money market instruments, bonds and stocks. Clearly to say, a judicious mix of deposits, bonds, and stocks over time could be used as a means to potentially rise investment funds return while also reducing risk. This research is a preliminary one and is done in short period of time so that it may only give phenomenon in the short run