Felix Wisnu Isdaryadi, Felix Wisnu
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EVALUASI KEMAMPUAN MANAJER INVESTASI REKSADANA SAHAM BERDASARKAN MARKET TIMING DAN STOCK SELECTION SKILL Kharisma, Amanda Widya; Isdaryadi, Felix Wisnu
Modus Journals Vol 29, No 1 (2017): MODUS
Publisher : Faculty of Economics Universitas Atma Jaya Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24002/modus.v29i1.1025

Abstract

AbstractThis study aimed to evaluate whether the investment manager of mutual funds in Indonesia has the ability to market timing and stock selection or not. The data used in this study was obtained from the data of NAV per unit of active mutual funds listed on the Indonesia Stock Exchange, the interest rate of Bank Indonesia, and the Jakarta Composite Index monthly period January 2011 until December 2015.Purposive sampling have been use to select the samples resulted in fiveteen mutual fund shares listed and active in Bapepam-LK during the period January 2011 to December 2015. The model used is the Mazuy Treynor Model (1966). Based on Mazuy Treynor Model, regressed among Excess Return Fund as the dependent variable, and QuadraticExcess Excess Market Return Market Return as independent variables.The results showed that from the fiveteen mutual funds have been studied, no investment manager who has the ability to market timing. This is evidenced by the absence coefficient γ as a positive indicator of market timing is significant. Stock selection ability of the fiveteen equity funds examined solely owned by two investment managers, namely “Batavia Dana Saham Optimal” and “Pratama  Ekuitas”. This is evidenced by the coefficient α as an indicator of stock selection both positive investment managers are significant. Keywords: investment managers, market timing ability, Net Asset Value, stock selection skills
THE IMPLEMENTATION OF BUSINESS ETHICS IN THE PALM OIL INDUSTRY Isdaryadi, Felix Wisnu
Modus Journals Vol 27, No 2 (2015): MODUS
Publisher : Faculty of Economics Universitas Atma Jaya Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24002/modus.v27i2.556

Abstract

Abstract Palm oil is the most produced vegetable oil in the world today-approximately 37 million metric tons, andis entirely GMO-free. Oil palm produces up to 10 times more oil per hectare than soybean, rapeseed or sunfower. Although oil palm is a more sustainable source of vegetable oil than other oil crops, there is concern that the growing demand of palm oil for food and bio fuel could lead to rapid and ill-managed expansion of palm oil production and result in serious environmental and social consequences. It is vital that the production and use of palm oil must be done in a sustainable manner based on economic, social and environmental viability. It becomes clear that these actions are benefcial on one hand, but, on the other hand, might be harmful in the long run. The palm oil industry may result in rapid economic growth. However, it could also degrade the environment, whichin turn could lead to public health problems in the longer term, decreasethe productivity and harm the economy.Keywords: palm oil industry, business ethics, environment, economy.