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"This study analyzes the correlation between business diversification and performances in Indonesian listed companies from 2006-2011. In addition to observing business diversification impact on company?s performance in term of Return on Assets (ROA) and Tobin?s Q, this research also observes the business diversification impact on the performances of different companies at different level.The result of this research indicates that diversification gives negative effect to ROA and Tobin?s Q, while for higher level of diversification, the effect on Tobin?s Q is relatively high. The negative effect of diversification on ROA is higher in the group of companies with higher ROA. The different results show that when using Tobin?s Q as a measure of companies? performances, diversification gives negative impact to companies? performance in the intermediate level."

"Sejak deregulasi perbankan pada tahun 1963, perbankan di Indonesia mulai berkembang pesat. Saat ini perbankan tidak hanya bergantung pada pendapatan bunga, namun juga dapat menawarkan berbagai produk lainnya yang dapat menghasilkan pendapatan non bunga. Bank mulai melakukan diversifikasi kepada sumber pendapatan lain dengan melakukan kegiatan bisnis lainnya seperti penjaminan emisi dan perdagangan sekuritas, agen perantara, investasi, dan aktivitas lain yang menghasilkan pendapatan.Diversifikasi pendapatan dapat mempengaruhi stabilitas bank dikarenakan cukup berisiko. Kegiatan tradisional perbankan (misal simpanan dan pinjaman) di satu sisi dianggap stabil, dihadapkan pada risiko kredit yang signifikan, risiko likuiditas dan risiko tingkat bunga. Di sisi lain, kegiatan yang tidak berbasis bunga rentan terhadap risiko pasar, risiko operasional, dan risiko reputasi sehingga cenderung memiliki volatilitas yang lebih besar, namun memberikan expected return lebih besar.Strategi perbankan dalam melakukan diversifikasi tentunya dipengaruhi pemegang saham, dimana keputusan yang diambil akan berdasarkan pada risk appetite pemegang saham. Selain itu, tipe kepemilikan bank maupun interaksi tipe kepemilikan terhadap diversifikasi memberikan pengaruh terhadap keputusan manajer dalam kebijakan diversifikasi.Penelitian dilakukan berfokus pada bank umum konvensional yang mana asetnya mendominasi sebesar 88% terhadap total aset perbankan di Indonesia. Stabilitas bank konvensional di Indonesia merupakan hal yang krusial karena dapat memberikan efek sistemik pada industri keuangan di Indonesia. Dengan adanya penelitian ini, diharapkan dapat memberikan kontribusi kepada industri perbankan di Indonesia mengenai informasi pengaruh dari diversifikasi pendapatan dan tipe kepemilikan terhadap stabilitas bank di Indonesia yang dapat digunakan dalam pengambilan keputusan diversifikasi bank menyesuaikan dengan tipe kepemilikannya dan pengaruhnya terhadap stabilitas kedepannya. Kami merekomendasikan agar manajemen bank mempertimbangkan temuan ini untuk dalam menentukan arah diversifikasi pendapatannya dan tetap menjaga stabilitas banknya.

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Since banking deregulation in 1963, banking in Indonesia has begun to develop rapidly. Currently, banks do not only generate interest income, but can also offer various other products that can generate non-interest income. The Bank began to take action on other sources of income by conducting other business activities such as underwriting and securities trading, brokerage, investment, and other income generating activities.

Income diversification can affect banks quite risky. Traditional banking activities (e.g. deposits and credit) on the one hand are considered stable, offering significant credit risk, liquidity risk and interest rate risk. On the other hand, activities that are not interest-based are subject to market risk, operational risk, and reputation risk, so they tend to have greater volatility, but provide higher expected returns.

Based on the strategy carried out in evaluating the shares owned, where the decisions taken will be taken at the risk desired by the shareholders. In addition, the type of bank ownership and the interaction of ownership types on the influence of the manager's decision in policy.

This research focuses on conventional commercial banks whose assets dominate 88% of total banking assets in Indonesia. The stability of conventional banks in Indonesia is crucial because it can have a systemic effect on the financial industry in Indonesia. With this research, it is hoped that it can contribute to the banking industry in Indonesia regarding the influence and influence of the type of ownership on banks in Indonesia which can be used in making bank decisions to adjust to the type of ownership and its effect on future sustainability. We recommend that banks consider these findings to determine the direction of their views in order to safeguard their banks."

"The aim of this study is to develop a new liquidity measurement. The mechanical approach is usedto measure the liquidity. This study uses trade order base that is more pronounced than conventionalones. To confirm the result of this study, we use pre opening session in the term of event as Kholisohand Hermawati (2010) and Kholisoh (2011). This study collects trade base and order base intradaydata one month period before and after pre opening session was implemented with the 25 most activestocks in LQ45. This study examines the velocity (how fast the order is executed) as new liquiditymeasurement. The result of this study confirms Kholisoh (2011), but contradicts to Kholisoh and Hermawati(2010) in the same event. The use of ?velocity? as a metric of liquidity measurement is betterin understanding the theoretical wisdom. This new liquidity measurement can cover the speed of theorder to be executed in all capital market."

"This research studies the international co-movement among Asia Pacific emerging markets stock price indices during the late 2000s recession by using the monthly observations start from 1st October 2001 until 1st April 2011. The co-integration analysis and parsimonious Vector Error Correction Model employed in this research reveal a long-term relationship and interdependencies among seven Asia Pacific emerging market stock price indices. This research finds that the unique co-integation exists on the equations. Specifically, two indices from China and Taiwan having meteor shower potential while the rest indices from Thailand, Malaysia, and Indonesia are known to have heat waves effects or country specific factors on the equation. Finally, all the results are linked to the international diversification strategies."

"This paper empirically examines the effect of banks' revenue diversification on the stock-basedreturn and risk measures using data on the ASEAN-5, and addition from China, Japan, and SouthKorea banking sector. This paper use panel Fixed Effect and robustness test with Random Effect andTSLS. We use non-interest income share as a measure for revenue diversification. We find that revenuediversification has no effect on bank’s market value but significantly decrease bank total risks. Whennon-interest income is decomposed, we find that fee-income business has significant positive effect onbank value. Furthermore, it’s important to see characteristic of banks that practice diversification,such as bank size and capital. Overall, we provide evidence that banks, especially larger oneswithgood condition on capital, could increase their value and lower their risk by diversifying non-interestincome, especially with fee income as well as other types of non-interest income."

"The purpose of this research is to examine the influence of good corporate governance mechanismabout earnings management in companies listed in Indonesian Stock Exchange during 2006 to2010. The independent variables include the size of commissioner board, independent commissionerboard percentage, size of audit committee, and commissioner meeting frequency. The dependent variableis earnings management which is measured by discretionary revenue model (Stubben, 2010).Size of company is used as the control variable in this research. The population of this research is465 samples from companies listed at Indonesian Stock Exchange during 2006 to 2010. The samplingmethod used in this research is purposive sampling method. In addition, the data analysis methodused is regression analysis and descriptive statistics. The result of this research indicates that themechanism of good corporate governance which is represented by the size of commissioner board,independent commissioner board percentage, size of audit committee, and commissioner meeting frequencydo not have any significant impact on earnings management. However, the result shows thatcompany size gave positive influence toward earning management."

"Recently Indonesia is viewed quite positively due to its achievements in withering the 2008 financial crisis and for world's recognition as one of the fast emerging economies along with Brazil, Russia, India, China and the G-20 countries. Does that mean that it's time for Indonesia to use its economic performance as asset for diplomacy? What to consider when employing economic achievements as diplomatic tool? This paper discusses the changing nature of diplomacy, the posture of Indonesia's economic performance, how Indonesia tap into it, and what could be done to take most advantage out of the new context and development in international politics."

"We investigate the impact of the presence of women in top management on bank performancecontrolling for bank specific factors, ownership and governance. By making use of sample of 70 Indonesianbanks in a cross section study, we find strong evidence that the presence of women in theexecutives is negatively associated with firm performance. Moreover, we examine the moderatingeffect of TMT organizational tenure and TMT age. However, only little evidence is found in the effectof our moderating variables."

"The purpose of this study is to evaluate performance and volatility of Islamic and conventionalstock indices along with their determinant factor variables in Indonesia. The study adopts: (1) CapitalAsset Pricing Model (CAPM) to compare the performance of the Jakarta Islamic Index (JII) torepresent Islamic index and LQ45 to represent the conventional, (2) beta calculation to measurevolatility, and (3) Autoregressive Distributed Lag (ARDL) to capture the determinants and the reasonbehind the outperformance. The data coverage is from January 2006 to November 2015. The studyfinds that: (1) There is no significant difference on performance between JII and LQ45, (2) JII is lessvolatile than LQ45, except in 2010, and (3) JII performance is less affected by external factorsexceptfor crude oil price. Moreover, the result implies challenge for the authorities to educate society, particularlywhom concern to shari?ah principles, with information that Islamic index performance isnot much difference from conventional index and less volatile."

"The Indonesia Stock Exchange has really concerned about improving stock market quality thesedays. One of its effort is implementing pre-closing trading session. It refers to Decision of the Boardof Directors of The Indonesia Stock Exchange Number Kep-00399/BEI/11-2012, regarding Amendmentto Rule Number II-A concerning Equity-Type Securities Trading. The rule is effective on 2ndJanuary 2013 and Indonesia Stock Exchange has implemented it since that date. The purposes ofpre-closing implementation are to mitigate marking the close, which is the practice of buying securityat the very end of the trading day at a significantly higher price than the current price of the security,and to improve market quality. This paper attempts to veryfy whether the impact of pre-closing implementationto price efficiency is positive or not. The result shows that the pre-closing implementationhas positive impact to price efficiency. It reduces the return volatility and market manipulation at theclosing time which also means that the pre-closing implementation has effectively improved marketquality in the Indonesia Stock Exchange."