Browsing by Author "Hendrawan, Riko"

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    ANALISIS KEPUTUSAN KEUANGAN DAN NILAI PERUSAHAAN BERDASARKAN TINGKATAN STRUKTUR KEPEMILIKAN
    (Jurnal Bisnis, Manajemen & Ekonomi, Universitas Widyatama, Volume 9 Nomor 4, 2008-05) Hendrawan, Riko
    Manajemen perusahaan melalui peran Chief Financial OfJer mempunyai tujuan untuk meningkatkan nilai pemahaan. Hal ini dicapai melalui implementasi keputusan keuangan yang terdiri dari financing decision, investment decision dan dividend policy. Penelitian ini menjelmkan pengaruh keputusan keuangan tersebut terhadap nilai perusahaan pada berbagai tingkatan struktur kepemilih. Struktur kepemilikan dalam penelitian ini dibagi menjadi dua tingkatan, yaitu dominan (irebih besar dari 25%) dan moderat (5%-25%). Penelitian ini mengambil objek pemahaan indurtri manufaktur, dimana industri ini merupakan emiten yang paling dominan yang tercatat di PT. Bursa Efek Jakarta,. Adapun metode penelitian yang digunakan adalah metode ex post facto, sedangkan metode analisis yang digunakan adalah metode Regresi Linier Berganda Dari h i 1 penelitian diketahui bahwa pada tinghtan kepemilikan dorninan, keputman keuangan berpengaruh signijikan terhadq nilai perusahaan. Sedangkan pada tingkatan kepemilikan moderat, keputusan keuangan tidak berpengaruh terhadap nilai perusaham. Berdasarkan t e m m ini disarankan bahwa emiten sebaiknya melepas kepemilikan saham lebih dari 25% agar pasar merespon positif sehingga nilai perusahaan meningkat.
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    THE INFLUENCE OF CURRICULUM AND LECTURERS TOWARD QUALITY OF ENTREPRENEURIAL GRADUATES IN BANDUNG
    (CIEL SBM-ITB Gedung SBM-ITB, 2009-07-20) Haruman, Tendi; Hendri, Meriza; Hendrawan, Riko
    Is an entrepreneur born or created? This is a hard question in the middle of higher competitions among universities and institutes which are offering entrepreneurship as their competitive advantage since our government is focusing on this concept to face global economic crises. The goals of this study are to know and analyze entrepreneurial curriculum, lecturers who teaches entrepreneurship, quality of entrepreneurial graduates and the influence of curriculum and lecturers toward quality of entrepreneurial graduates. Research objects are graduates from universities and institutes which offer entrepreneurship in Bandung City. This study uses descriptive – verificative method with descriptive and explanatory survey. Path analysis is used to analyze data. The result shows that curriculum and lecturers influence quality of entrepreneurial graduate 73.9% and it means high. Lecturer is more dominant influence quality of entrepreneurial graduate such as 39% meanwhile curriculum 34.9%.
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    WHICH IS BETTER: HOMOSKEDASTIS OR HETEROSKEDASTIS VOLATILITY MODEL FOR OPTION PRICING? (Test Of Black-Scholes Option Model And Garch Option Model At The Indonesian Stock Exchange)
    (Universiti Malaysia Pahang, 2009) Haruman, Tendi; Hendrawan, Riko; Sumachdar, Endang
    The purpose of this research is to compare the accuracy of Black-Scholes Option Model and GARCH option models for Stock option utilizing data from Astra, BCA, Indofood and Telkom at the Indonesian Stock Exchange. The intraday stock return of Astra, BCA, Indofood and Telkom exhibits an overwhelming presence of volatility clustering; suggesting that GARCH model has an effect which best corresponds with the actual price. The best model is constructed using ARIMA model and the best lag in GARCH model is extracted. The finding from this research show that by comparing the average percentage mean squared errors of the GARCH Option Model and the Black-Scholes Option Model, the former was found more accurate than the latter. GARCH Model relatively improves average percentage mean squared errors of Black-Scholes Model ; one month option shows a twenty eight point ten percent improvement, two month option shows twenty three point thirty percent and three month option shows twenty percent.