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"[Bilateral Investment Treaty merupakan perjanjian internasional antara dua negara yang berfungsi untuk melindungi kepentingan investor asing dan host state. Klausul ekspropriasi merupakan salah satu kalusul penting dalam BIT guna melindungi hak investor asing dari perampasan property secara langsung maupun kerugian lain yang mungkin timbul. Ekspropriasi terbagi menjadi indirect expropriation dan indirect expropriation. Thesis ini mencoba mengalisis ruang lingkup dari indirect expropriation dalam hubungannya dengan kedaulatan negaradalam mengambil kebijakan berdasarkan pada hukum internasional;Bilateral Investment Treaty is a treaty between two States which functions to protect investor?s interest, as well as, the host state?s. Expropriation clause is one of the importent clauses in BITs to protect the right of foreign investor from the act of confiscation of property directly, and its subsequent injuries. Expropriation consists of direct expropriation and indirect expropriation. This thesis tries toanalyze the scope of indirect expropriation, related to the State?s sovereignty in taking policies based on international law.;Bilateral Investment Treaty is a treaty between two States which functions toprotect investor?s interest, as well as, the host state?s. Expropriation clause is oneof the importent clauses in BITs to protect the right of foreign investor from theact of confiscation of property directly, and its subsequent injuries. Expropriationconsists of direct expropriation and indirect expropriation. This thesis tries toanalyze the scope of indirect expropriation, related to the State?s sovereignty intaking policies based on international law., Bilateral Investment Treaty is a treaty between two States which functions toprotect investor’s interest, as well as, the host state’s. Expropriation clause is oneof the importent clauses in BITs to protect the right of foreign investor from theact of confiscation of property directly, and its subsequent injuries. Expropriationconsists of direct expropriation and indirect expropriation. This thesis tries toanalyze the scope of indirect expropriation, related to the State’s sovereignty intaking policies based on international law.]"

"Penelitian ini bertujuan memperkirakan besarnya biaya investasi pembangunan dan pengoperasian sistem angkutan umum massal kereta ulang - alik dari Stasiun Gambir menuju Bandara Soekarno - Hatta di Kota Jakarta, dengan mengevaluasi kelayakan finansial dari investasi sistem angkutan umum massal kereta api serta mengevaluasi besarnya biaya (outflow) dan pendapatan (inflow), sehingga pada akhirnya dapat diketahui kelayakan investasinya dan berapa besar tingkat pengembalian yang diterima untuk penyelenggaraan perkeretaapian dimaksud. Sistem angkutan umum massal dalam penelitian ini adalah 'Rail Bus' buatan PT. INKA, Persero. Pendekatan studi dilakukan dengan estimasi pengguna, pemilihan rencana operasi, estimasi biaya (biaya investasi, biaya operasi dan pemeliharaan, penambahan kereta, biaya modal dan biaya lainnya), estimasi pendapatan dengan beberapa skenario besaran tarif seragam hingga tercapainya perhitungan analisa kelayakan investasi berdasarkan angka Net Present Value (NPV), Internal Rate of Return (IRR), Payback Period (PP) dan Benefit - Cost (B/C) Ratio. Adapun penelitian yang dilakukan dengan beberapa asumsi diantarnya adalah kegiatan operasi selama umur ekonomis sarana (30 tahun) dan discount faktor 5,5% serta peramalan jumlah pengguna kereta ulang - alik ini berdasarkan data jumlah pengguna pesawat terbang di Bandara Soekarno - Hatta pada tahun - tahun sebelumnya. Karena kereta ini bertipe ekspres yang hanya berhenti di stasiun pemberangkatan dan tujuan saja maka struktur tarif seragam cocok untuk diterapkan.

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This study is aimed at estimating the investment cost of construction and operation of Shuttle Train mass public transport system in Jakarta, evaluating the financial feasibility of Shuttle Train mass public transport system and evaluating cash outflow and cash inflow, so as to know finally the subsidiary cost to operate the train in Jakarta.

The Shuttle Train mass public transport system adopted in this study is 'Rail Bus' which produced by PT. Industri Kereta Api (INKA), Persero. The study approach is done by estimating the user, choice of operation plan, costs (investment, Operation and Management, additional wagon, capital and other costs) estimation of cash inflow by applying tariff scenario (flat based), feasibility analysis and subsidiary analysis (if needed). In order to get the efficiency in investment cost so as to get the more achievable tariff, the system is constructed by local company on the base of local component and technology.

The result of this study along with assumptions the vehicle economics life (30 years) with the discount factor of 5.5% and the passenger forecast based on the current volume of air transport passenger at Soekarno - Hatta Airport. Based on the data, most of the passengers do short traveling to and from airport so the flat tariff structure is the chosen one to be applied because the short distance passenger will not pay different tariff as the long distance passenger."

"Pengumuman dividen yang dilakukan oleh perusahaan memberikan sinyal kepada investor yang mengakibatkan adanya imbal hasil abnormal yang terjadi di sekitar hari pengumuman dividen. Penelitian ini menganalisis apakah terdapat reaksi berupa imbal hasil abnormal yang ditimbulkan oleh pengumuman dividen pada perusahaan-perusahaan yang terdaftar di Bursa Efek Indonesia periode 2010 - 2013. Adapun variabel yang dianalisis pada penelitian adalah imbal hasil abnormal rata-rata dan imbal hasil abnormal rata-rata kumulatif dengan metode model pasar untuk menghitung imbal hasil abnormal yang kemudian diuji dengan uji t satu sampel. Penelitian ini dilakukan dengan menggunakan data sekunder dan teknik pengambilan sampel yang digunakan adalah purposive sampling, dimana sampel diambil sesuai dengan tujuan penelitian yang ditetapkan. Jumlah sampel dalam penelitian ini sebanyak 54 perusahaan.Hasil dari penelitian ini menunjukkan bahwa terdapat imbal hasil abnormal rata-rata yang positif setelah perusahaan mengumumkan pembagian dividen tunai naik. Sementara itu untuk pengujian terhadap dividen tunai turun terlihat adanya imbal hasil abnormal rata-rata yang negatif beberapa hari setelah pengumuman dividen. Dan untuk pengujian terhadap dividen tunai tetap terlihat adanya imbal hasil abnormal yang positif dan negatif baik sebelum maupun sesudah pengumuman dividen. Hasil penelitian juga membuktikan adanya kebocoran informasi sebelum pengumuman dividen yang ditandai dengan adanya imbal hasil abnormal yang signifikan sebelum perusahaan melakukan pengumuman dividen.

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Dividend announcement made by companies give signals to investors which results in abnormal returns around the dividend announcement. This study analyzes whether there is reaction caused by dividend announcements on companies listed in Indonesian Stock Exchange for the period of 2010 - 2013. The variables analyzed in this study are average abnormal return and cumulative abnormal return. More specifically, this study employs the market model in generating abnormal returns surrounding subsequent dividend announcements. The abnormal returns are then tested with one sample t test. This research was conducted by using secondary data and the sampling technique used in this study was purposive sampling, where samples were taken in accordance with the research objectives set. The number of samples in this study are 54 companies which listed in Indonesian Stock Exchange for the period of 2010 - 2013.

The results from this study indicates that there are positive abnormal returns after companies announced increased cash dividend. Meanwhile for decreased dividend announcements, investors react negatively which was characterized by a negative average abnormal returns a few days after the announcements was made. And for dividend no change announcements, there are positive and negative abnormal returns both before and after the dividend announcements. The results also prove the existence of leakage of information prior to the dividend announcements which is characterized by several significant abnormal returns dividend announcements was made."

"Penetapan Undang-Undang No 40 Tahun 2004 tentang SJSN dan Undang-Undang No 24 tahun 2011 tentang BPJS memberikan pedoman baru dalam pelaksanaan program pensiun nasional. Kondisi baru ini melahirkan tantangan, terutama dalam pengelolaan investasi, agar terjadi kecukupan dana pensiun. Melalui penyusunan model yang kemudian digunakan dalam simulasi, dapat disimpulkan bahwa investasi merupakan kunci penting untuk tercapainya kecukupan dana pensiun, dalam setiap pendekatan; skema individual, skema agregat angkatan, maupun agregat periodik.

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The implementation of Law 40/2004/SJSN and Law No24/2011/BPJS has turned the landscape of pension program in Indonesia. The new condition implanted brings challenges in the implementation of national pension program, especially in fund management, in order to achieve the sustainability of the program. Using simulation based on the constructed model, it is concluded that investment is the key factor to achieve the adequacy of pension fund, whether in individual approach, cohort aggregate, or periodically cohort aggregate."

"Karya Akhir ini membahas dampak kebijakan anggaran belanja militer Amerika Serikat terhadap investasi tiga perusahaan manajemen investasi di perusahaan industri militer Lockheed Martin dalam rentang waktu tahun 2021. Ketiga perusahaan manajemen investasi tersebut yakni State Street Corporation, Vanguard dan Blackrock. Perusahaan manajemen investasi sendiri memiliki posisi penting sebagai pemilik saham perusahaan industri militer. Melalui kepemilikan saham, perusahaaan manajemen investasi dapat memperoleh manfaat dan memiliki kekuasaan dalam mengontrol perusahaan industri militer. Peneliti menggunakan pisau analisis teori military Keynesianism. Teori ini digunakan untuk menjelaskan peran intervensi kebijakan anggaran belanja militer Amerika Serikat terhadap sektor industri militer. Adapun dalam pengumpulan data, peneliti menggunakan teknik pengumpulan data kajian literatur. Peneliti mencari data sekunder yang relevan dengan topik penelitian yang bersumber dari literatur terdahulu, dokumen pemerintah, dokumen perusahaan dan artikel media. Hasil penelitian ini menunjukkan bahwa kebijakan anggaran belanja militer Amerika Serikat yang dipengaruhi oleh koneksi politik perusahaan manajemen investasi dengan perumus kebijakan berhasil memberikan dampak positif terhadap investasi perusahaan manajemen investasi. Dampak positif tersebut tercermin pada adanya keuntungan dari pemberian dividen dan capital gain.

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This final paper discusses the impact of the United States military budget policy on the investment of three investment management companies in Lockheed Martin's military industrial company in the span of 2021. The three investment management companies are State Street Corporation, Vanguard and Blackrock. Investment management companies themselves have an important position as shareholders in military industrial companies. Through share ownership, investment management companies can benefit and have the power to control military industrial companies. The researcher uses Keynesian military  theory which is able to explain the role of the United States military budget policy intervention on the military industrial sector. As for data collection, researchers used data collection techniques literature review. The researcher looks for secondary data that is relevant to the research topic from previous literature, government documents, company documents and media articles. The results of this study indicate that the United States military budget policy which is influenced by the political connection of investment management companies with policy makers succeeded in having a positive impact on the investment of investment management companies. This positive impact is reflected in the benefits of dividends and capital gains."

"Skripsi ini bertujuan untuk mengetahui pengaruh yang mungkin terjadi akibat dari penerapan manajemen modal kerja terhadap kinerja saham perusahaan, kinerja keuangan, keputusan investasi dan risiko perusahaan pada perusahaan yang bergerak di sektor industri pertambangan dan telah menjadi anggota Bursa Efek Indonesia minimal sejak tahun 2010 dengan periode penelitian dari tahun 2011-2013. Penelitian menggunakan data panel dengan variabel dependen yang digunakan dalam penelitian ini adalah Excess Return Stock, Return on Asset, Capital Expenditure, dan Standar Deviasi Imbal Hasil Saham, variabel independen yang digunakan dalam penelitian ini adalah Excess NWC, dan variabel kontrol adalah Sales Growth, Cash Flow, Cash Reserves, Fixed Asset Growth, Intangible Asset, Sales Volatility, Age, Tobins Q, dan Dummy Financial Variabel. Dengan hasil penelitian manajemen modal kerja hanya memiliki pengaruh terhadap kinerja saham perusahaan dan capital expenditure yang menjadi ukuran keputusan investasi sedangkan terhadap kinerja keuangan dan risiko perusahaan, manajemen modal kerja tidak memiliki pengaruh.

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This paper was intended to see the influence on the applied of Working Capital Management to the Company Stock Performance, Company Financial Performance, Investment Decision and Company Risk on mining company which has been member of the Indonesia Stock Exchange minimal since 2010 using research data from 2011 to 2013. This research is using panel data with dependent variable which are Excess Return Stock, Return on Asset, Capital Expenditure, and Standart Deviation of Stock Return, independent variable use in this research are Excess NWC. While the controlled variable are Sales Growth, Cash Flow, Cash Reserves, Fixed Asset Growth, Intangible Asset, Sales Volatility, Age, Tobins Q, dan Dummy Financial Variabel. The result of this research state that the working capital management only influence on the company stock performance and their capital expenditure as the measure of company investment decision and not giving any influence on the companya financial performance and risk."

"Penelitian ini membahas mengenai pengaruh keberadaan kepemilikan saham Multiple Large Shareholders (MLS), Investment Opportunities, serta interaksi antara Multiple Large Shareholders dan Investment Opportunities terhadap investasi perusahaan. Sampel yang digunakan adalah perusahaan-perusahaan non-keuangan yang tercatat di Bursa Efek Indonesia sejak tahun 2015 s.d. 2019. Dalam penelian ini diharapkan bahwa keberadaan Multiple Large Shareholders memberikan pengaruh positif terhadap tingkat investasi perusahaan. Selain itu, dengan adanya Investment Opportunities, perusahaan yang memiliki Multiple Large Shareholders akan lebih memaksimalkan peluang investasi yang ada dengan lebih efektif.Dengan menggunakan 2 alternatif indikator pengukuran variabel investasi dan 4 alternatif indikator pengukuran variabel MLS, hasil penelitian menunjukkan bahwa tidak ditemukan pengaruh yang signifikan dari keberadaan Multiple Large Shareholders terhadap tingkat investasi perusahaan. Sedangkan untuk variabel Investment Opportunities dan interasi antara MLS dan investment opportunites memiliki pengaruh signifikan terhadap investasi namun tidak untuk semua indikator pengukuran.

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This research discusses the influence of the existence of Multiple Large Shareholders (MLS) share ownership, Investment Opportunities, as well as the interaction between Multiple Large Shareholders and Investment Opportunities on company investment. The samples used were non-financial companies listed on the Indonesia Stock Exchange from 2015 to 2015. 2019. In this research, it is hoped that the existence of Multiple Large Shareholders will have a positive influence on the level of company investment. Apart from that, with the existence of Investment Opportunities, companies that have Multiple Large Shareholders will maximize existing investment opportunities more effectively.

By using 2 alternative indicators for measuring investment variables and 4 alternative indicators for measuring MLS variables, the research results show that there was no significant influence found from the existence of Multiple Large Shareholders on the level of company investment. Meanwhile, the Investment Opportunities variable and the interaction between MLS and investment opportunities have a significant influence on investment, but not for all measurement indicators."