Idrus, M. Syafi'i
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Lifting, Harga Minyak, Cost Recovery dan Pengaruhnya terhadap Dana Bagi Hasil Antara Pemerintah Pusat Dan Daerah Penghasil (Studi pada Industri Migas di Provinsi Riau) Saleh, Abdul Kadir; Idrus, M. Syafi'i; Salim, Ubud; Setiawan, Margono
Jurnal Aplikasi Manajemen Vol. 9 No. 4 (2011)
Publisher : Universitas Brawijaya, Indonesia

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Abstract

This study is aimed at the analysis of lifting, oil price, fund revitalization, and government revenues, it is also aimed at the analysis on the effect on oil and gas allocation received by the Local Government. Questionnaires were distributed directly to all census elements in the Office of Mining and Energy from a sample of seven regional districts of oil and gas producer areas in the province of Riau. The result of the analysis found that lifting the price of oil and fund revitalization has positive and significant impacts on government revenues. Lifting, oil price, and fund revitalization have both positive and negatif impact on oil and gas product allocation received by Local Government. II, therefore, can be concluded that lifting, oil prices, and fund revitalization potentially have equal proportion to the change of government revenue and product allocation. Meanwhile, changes in government revenue are inversely proportional to changes in fund revitalization. Due to increasing government revenues, the oil and gas producer regions increasingly consider the injustice of fund revitalization revenue.
Pengaruh Penyertaan Modal terhadap Pertumbuhan Aktiva, Efisiensi dan Kinerja Keuangan pada Badan Usaha Milik Daerah (BUMD) (Studi pada BUMD/Perusahaan Daerah di Propinsi Riau) Sudarno; Idrus, M. Syafi'i; Salim, Ubud; Djumahir
Jurnal Aplikasi Manajemen Vol. 9 No. 2 (2011)
Publisher : Universitas Brawijaya, Indonesia

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Abstract

This research aims to uncover and analyze : (a) whether capital investment could help to improve financial performance, efficiency and has a potential to create the impetus to create asset growth; (b) whether growth of assets could improve the financial performance and create an opportunity to make an efficiency, and (c) whether efficiencies can improve the financial performance of the LGOE of the province of Riau.This study uses quantitative and qualitative methods supported by an open form of questionnaires and interviews. The results of this study, as follows : (1) capital investments have a high power to push financial performance but it has a negative relationship, (2) asset growth has not been capable of improving its financial performance but has a positive relationship, (3) efficiency can improve financial performance but it has a negative relationship, (4) capital investment is potentially to create high efficiency but it has a negative relationship, (5) asset growth does not have great opportunities to improve efficiency and it has a negative relationship, and (6) capital investment does not have the impetus to create asset growth, but it has a negative relationship.
Informasi Asimetri dan Periode Menahan Kepemilikan Saham Lq 45 di Bursa Efek Indonesia Maulina, Vinus; Idrus, M. Syafi'i
Jurnal Aplikasi Manajemen Vol. 10 No. 4 (2012)
Publisher : Universitas Brawijaya, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (184.538 KB) | DOI: 10.21776/

Abstract

The decision of buying and selling shares and also keeping and removing ownership of shares of financial asset is strategic decision for the investors since it is related with the gained return chance. Global crisis gives quite big impact to the Indonesian Stock Exchange and also changes the investor behavior as well. Fundamental exchange which is considered fragile becomes instability threat and reflects uncertain condition. This research aims to analyze and explain empirically the impact of variancereturn, trading volume, stock prices and return shares toward bid-ask spread which is the measurement of asymmetrical information cost, also the impact of variance return, market value, bid-ask spread and dividendpay out towards common shares holding periods in Indonesia Stock Exchange and some dominant variable that affect them. The findings of this research strengthen the presumption that in conducting the investment, investors in Indonesian Stock Exchange is more oriented to short term investment by expecting more on common shares than dividend. Most investors keep their ownership in common shares in IndonesianStock Exchange for two years. Besides, the efficient investment strategy which optimizes profit is switching strategy, following the market movement every time exactly, using technical information to active shares by moving from the shares that the price is predicted to decline to the increased ones. Moreover,the researcher also got the evidence that the investors in Indonesian capital market conduct their investment irrationally, investor's analysis is getting technical and gives less attention to the fundamental factors. The decision of selling and buying which is conducted by the investors on common shares is based on the trading activity, that is actually a measurement of the scale of asymmetry information.