Hasil Pencarian  ::  Simpan CSV :: Kembali

"Tesis ini bertujuan menganalisis korelasi dinamis lintas pasar negara-negara Frontier Markets. Dengan menerapkan model corrected Dynamic Conditional Correlation Multivariate GARCH, return indeks saham harian dua belas negara Frontier Markets dan Amerika dari Januari 2003 sampai Desember 2013 digunakan untuk membandingkan struktur interaksi hubungan dan kemungkinan efek contagion. Hasil temuan menunjukkan belum terintegrasinya pasar saham negara-negara yang dikategorikan sebagai Frontier Markets. Lebih lanjut, efek contagion dari krisis yang terjadi di Amerika nyatanya hanya memberikan dampak kecil terhadap negara-negara Frontier Markets. Dengan demikian, negara-negara Frontier Markets merupakan daerah potensial yang dapat dijadikan sebagai alternatif kesempatan berinvestasi.

---

This thesis aims to analyse the dynamic correlation across markets of Frontier Markets countries. Applying the corrected Dynamic Conditional Correlation Multivariate GARCH model, the daily stock returns of twelve Frontier Markets indices and America from January 2003 to December 2013 are used to compare the interaction structure of relationships and possible contagion effects. The findings show that the stock market of Frontier countries has not been integrated. Furthermore, the contagion effect of the crisis in America in fact has little impact on the Frontier Markets countries. Thus, Frontier Markets countries are potential areas that can serve as an alternative investment opportunity."

"Tesis ini membahas mengenai salah satu bentuk investasi bagi investor, yaitu Kontrak Pengelolaan Dana, dan perlindungan yang diberikan oleh hukum pasar modal di Indonesia kepada pemegang unit Kontrak Pengelolaan Dana. Bentuk investasi sampai dengan saat ini sangatlah beragam. Namun demikian terdapat beberapa investasi yang cukup banyak menarik minat dari masyarakat pemodal, salah satunya adalah Kontrak Pengelolaan Dana. Kontrak Pengelolaan dana pada saat ini merupakan salah satu bentuk investasi yang sedang berkembang pesat. Adapun yang dimaksud dengan Kontrak Pengelolaan Dana adalah bentuk pengelolaan dana investor yang dibentuk dengan perjanjian bilateral antara investor dengan Manajer Investasi, dimana untuk selanjutnya Manajer Investasi akan menginvestasikan uang investor tersebut dalam portofolio efek. Pada akhir tahun 2010 yang lalu tercatat jumlah investasi yang berhasil dikelola oleh Manajer Investasi dalam bentuk Kontrak Pengelolaan dana adalah lebih kurang Rp. 44 triliun. Jumlah tersebut adalah jumlah yang sangat besar mengingat usia investasi dalam Kontrak Pengelolaan Dana yang relatif masih baru. Namun demikian, tidak sebagaimana lazimnya suatu produk yang dikeluarkan oleh Manajer Investasi, seperti Reksa Dana, penerbitan dan tata kelola Kontrak Pengelolaan Dana oleh seorang Manajer Investasi tidak diatur secara ketat oleh Bapepam LK. Hal tersebut tentunya menimbulkan pertanyaan besar terkait dengan perlindungan bagi anggota masyarakat yang melakukan investasi melalui Kontrak Pengelolaan Dana. Pertanyaan tersebut di atas tentunya memiliki arti yang penting bagi investor yang menginvestasikan uangnya dalam Kontrak Pengelolaan Dana, terlebih mengingat investasi dalam Kontrak Pengelolaan Dana sama sekali tidak dijamin oleh Pemerintah. Hal ini tentunya mengakibatkan calon pemegang unit Kontrak Pengelolaan Dana harus mengetahui secara mendetail hak apa saja yang mereka miliki dan perlindungan hukum apa saja yang mereka miliki dalam sistem hukum pasar modal di Indonesia sebelum setuju untuk menginvestasikan uangnya dalam instrumen Kontrak Pengelolaan Dana.Kenyataan ini juga mengingatkan bagi para investor untuk berhati-hati sebelum menanamkan modalnya dalam Kontrak Pengelolaan Dana.

---

This thesis discusses about one of the investment types for investor?s, which is Discretionary Fund, and the protection given by the Capital Markets Law in Indonesia to the Discretionary Fund Unit Holders. Investment types until now its very diverse. Nonetheless there are some few investment that quite attract the investors attention, one of them is Discretionary Fund. Discretionary Fund right now is one of the investment types that is rapidly growing.

The definition of Discretionary Fund itself is investors fund management which is formed by bilateral agreement between the investors and Investment Manager, where for furthermore the Investment Manager will invest the investors fund in securities portfolios. In the end of year 2010 it?s recorded that the amount of investment which is successfully managed by the Investment Manager in the form of Discretionary Fund is more and less Rp. 44 Trillion. That amount is a very big amount considering that Discretionary Fund is practically new in Indonesian capital market. Nonetheless, unlike other types of investment managed by the Investment Manager, such as Mutual Fund (Reksa Dana), the issuance and the management of the Discretionary Fund by the Investment Manager is not heavyly regulated by the Capital Market Supervisory Board in Indonesia. Because of that, it give rise to a big questioned in relation with the protection for the investors who invest in the Discretionary Fund.

That questioned certainly is important to the investors who invest in Discretionary Fund, specially considering that the investment in form of Discretionary Fund is not secured by the government. This fact certainly cause the investors who wants to invest in Discretionary Fund have to understand in detail all the rights that they have and what are the protection that they have in capital markets law in Indonesia before agree to invest in Discretionary Fund. This reality also remind the investors to be caitious before invest in Discretionary Fund."

"This book presents an economic survey of international capital mobility from the late nineteenth century to the present. The authors examine the theory and empirical evidence surrounding the fall and rise of integration in the world market. A discussion of institutional developments focuses on capital controls and the pursuit of macroeconomic policy objectives in shifting monetary regimes. The Great Depression emerges as the key turning point in recent history of international capital markets, and offers important insights for contemporary policy debates. Its principal legacy is that the return to a world of global capital is marked by great unevenness in outcomes regarding both risks and rewards of capital market integration. More than in the past, foreign investment flows largely from rich countries to other rich countries. Yet most financial crises afflict developing countries, with costs for everyone."

"Penelitian ini bertujuan untuk mengukur kontribusi risiko sistemik perbankan di masing- masing negara emerging market ASEAN untuk perbandingan mengenai kondisi negara tersebut pada saat krisis dan setelahnya. Penelitian dilakukan dengan menggunakan pendekatan capital shortfall dengan metode marginal expected shortfall (MES). Kalkulasi kontribusi risiko sistemik dilakukan menggunakan market data pada periode observasi 2008- 2016. Hasilnya ditemukan bahwa pada periode krisis 2008 semua bank dan negara signifikan dan berkontribusi terhadap risiko sistemik dan MES dapat menjadi prediktor yang baik dalam mengukur risiko sistemik.

---

This study aims to measure the contribution of systemic banking risk in each ASEAN emerging market country for comparison on the condition of the country at the time of crisis and thereafter. The research was conducted by using capital shortfall approach with marginal expected shortfall (MES) method. Calculations of systemic risk contribution were conducted using market data during the 2008-2016-observation period. The results found that during the 2008 crisis period all banks and countries were significant and contributed to systemic risk."

"ABSTRAKPenelitian ini bertujuan untuk menganalisis peran Dinas Perekonomian Rakyat Kota Bekasi dalam pengelolaan pasar tradisional. Pertanyaan dalam penelitian ini adalah bagaimana Dinas Perekonomian Rakyat melaksanakan perannya dalam pengelolaan pasar tradisional. Pendekatan yang digunakan dalam penelitian ini adalah pendekatan kualitatif dengan tujuan bersifat deskriptif. Teknik pengumpulan data menggunakan wawancara mendalam dan studi kepustakaan. Berdasarkan hasil penelitian, beberapa peran Dinas Perekonomian Rakyat meliputimenyadarkan masyarakat dalam pengelolaan pasar tradisional,evaluasi dan pengembangan pasar, pendapatan dan perizinan pasar, pembinaan dan penataan pedagang, kebersihan dan ketertiban, sarana dan prasarana, promosi peningkatan daya saing pasar, koordinasi dalam pengelolaan pasar.

---

ABSTRACT

This study aims to analyze the role of Dinas Perekonomian Rakyat Bekasi City in traditional market management. Question of this research is how Dinas Perekonomian Rakyat execute the role of traditional market management. The approachment for the research is qualitative research and the purpose of this research is descriptive. Based on result the research, some of the role of Dinas Perekonomian Rakyat involved awakening the people on traditional market management, evaluation and market expansion, the income and market licensing, development and managing the trader, the sanitation and discipline, facilities and infrastructure, promoting the improvement of market competitiveness, and the coordinating traditional market management."

"ABSTRAK This study examines an association od risk and returns of REIT's from Malaysian REIT's listed companies. The secondary data for analysis is retrieved from Bloomberg's Database of all 13 listed REIT's in the Bursa Malaysia main market for three year period, from 2007 to 2009 with quarterly observation. The dependent variables are average return, expected return using Capital Asset Pricing Model, Sharpe Index, and Jensen Alpha Index. The independent variables represented by stadard deviation, beta, trading volume, gross domestic product, inflate rate , and share price. The control variable for this study type of REITs, whether it was categorized as Islamic or conventional REITs. Applying correlations and multiple regression analysis, the results provide evidence on the association between return and risk on REITs. This study is also hoped to bring benefits to the public listed company and shareholders in obtaining the key factors in determining the REITs yield."