eko, umanto
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Analisis dan Penilaian Kinerja Portofolio Optimal Saham-Saham LQ-45 eko, umanto
BISNIS & BIROKRASI: Jurnal Ilmu Administrasi dan Organisasi Vol. 15, No. 3
Publisher : UI Scholars Hub

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Abstract

Portfolio is basically related to how one allocates a number of stocks into various investment types that results on optimal profits. By making diversification, investor may reduce the rate of risk and at the same time optimize the rate of expected return. Based on that, this research raises the problem of how to design an optimal portfolio simulation, i.e. a combination of liquid shares LQ 45 listed in Jakarta Stock Exchange (Now is known as Indonesia Stock Exchange, after the merger with Surabaya Stock Exchange) in the period of 2002- 2007 by using Single Index Model and Constant Correlation Model. Single Index Model is a model of portfolio analysis using the account of Excess Return to Beta (ERB) Ratio and value of C* to gain optimal shares on portfolio. The procedure of Constant Correlation Model is exactly parallel to the case of Single Index Model. However, unlike in the Single Index Model, all securities are ranked by Excess Return to Standard Deviation (ERS) instead of Excess Return to Risk. After securities are ranked using the above ratio, securities with greater Excess Return to Standard Deviation and Cut off Point (C*) are included into the optimal portfolio.
Corporate Governance Characteristics and Company Performance Saragih, Ferdinand Dehoutman; Nugroho, Bernardus Yuliarto; Eko, Umanto
BISNIS & BIROKRASI: Jurnal Ilmu Administrasi dan Organisasi Vol. 18, No. 3
Publisher : UI Scholars Hub

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The research analyzes the determinant of corporate governance characteristic in relation to company performance in family firms listed in Indonesia Stock Exchange in the period of 2004-2009. The research uses quantitative approach, explanatory type and uses numerical data as secondary data obtained from various sources. The result shows that only PER variable is significantly influenced by corporate governance characteristic with proxies of ownerships, board size, and board composition, and controlled with the variables of sales, firm age, firm leverage, tangibility, firm size, growth, and debt in public firms listed in Indonesia Stock Exchange in the period of 2004-2009; in general, investors basically perceive company performance from the market value ratio in the form of company’s stock price interchange instead of the profitability ratio with the proxies of ROA and ROE; the variables of ownerships, board size, and board composition statistically do not affect ROA, ROE, and PER.
Corporate Governance Characteristics and Company Performance Saragih, Ferdinand Dehoutman; Nugroho, Bernardus Yuliarto; Eko, Umanto
BISNIS & BIROKRASI: Jurnal Ilmu Administrasi dan Organisasi Vol. 19, No. 1
Publisher : UI Scholars Hub

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Abstract

The research analyzes the determinant of corporate governance characteristic in relation to company performance in family firms listed in Indonesia Stock Exchange in the period of 2004-2009. The research uses quantitative approach, explanatory type and uses numerical data as secondary data obtained from various sources. The result shows that only PER variable is significantly influenced by corporate governance characteristic with proxies of ownerships, board size, and board composition, and controlled with the variables of sales, firm age, firm leverage, tangibility, firm size, growth, and debt in public firms listed in Indonesia Stock Exchange in the period of 2004-2009; in general, investors basically perceive company performance from the market value ratio in the form of company’s stock price interchange instead of the profitability ratio with the proxies of ROA and ROE; the variables of ownerships, board size, and board composition statistically do not affect ROA, ROE, and PER.