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"Sasaran dari studi ini adalah untuk mengetahui apakah laba bersih arus kas operasi mempunyai kemampuan dalam memprediksi arus kas masa depan pada perusahaan yang melaporkan laba dan perusahaan yang melaporkan rugi. Walaupun penelitian terdahulu menjelaskan tentang hubungan laba dan arus kas masa depan untuk perusahaan yang melaporkan laba dan rugi, sedangkan hubungan antara arus kas lancar dan arus kas masa depan baik yang meningkat maupun yang menurun, hasilnya adalah antara laba bersih dan arus kas mempunyai kemampuan memprediksi arus kas masa depan untuk perusahaan yang melaporkan laba. Di sisi lain, untuk perusahaan yang melaporkan rugi, tidak signifikan dalam memprediksi arus kas masa depan sedangkan arus kas operasi masih mempunyai kemampuan memprediksi arus kas operasi. Penelitian ini menggunakan pendekatan kuantitatif dan data yang diolah menggunakan analisis regresi linier berganda. Hasil dari penelitian adalah laba bersih dan arus kas memiliki kemampuan memprediksi arus kas masa depan.

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The objective of this study is to investigate whether earnings or operating cash flows have predictive ability to predict future operating cash flows between firms reporting profit and firms reporting loss. Although prior study indicates a strengthening relationship between earnings and future operating cash flows for both firms reporting profits and losses, while relationship between current and future operating cash flows is neither increasing nor decreasing, our result indicates that both net profit and cash flows have ability to predict future operating cash flow for firms reporting profit. On the other hand, for firms reporting loss, earnings are not significant to predict future operating cash flows while current operating cash flows still have ability to predict future operating cash flows. This research using double linier analyse. Result for this research is net profit and cash flow have predictive ability future cash flows."

"Penelitian ini berusaha untuk membandingkan imbal hasil dan risiko berdasarkan Nilai Aktiva Bersih dari reksa dana syariah dengan reksa dana konvensional periode Juli 2007 ? Juni 2008 dengan menggunakan metode Sharpe dan metode Treynor. Penelitian ini juga mengamati bagaimana batasan syariah dari reksa dana Syariah mempengaruhi market timing ability.Pemilihan Reksa dana Mega Dana Obligasi Syariah, Reksa dana Mega Dana Syariah, Reksa dana Mega Dana Obligasi Dua, dan Reksa dana Mega Dana Kombinasi sebagai objek dari penelitian ini didasarkan dari keidentikan dari keempatnya yang merupakan discretionary fund dan juga dikeluarkan oleh manajer investasi yang sama.Hasil dari penelitian ini menunjukkan bahwa Reksa dana Mega Dana Obligasi Syariah, Reksa dana Mega Dana Syariah menghasilkan imbal hasil dan rata-rata Nilai Aktiva Bersih yang lebih tinggi daripada Reksa dana Mega Dana Obligasi Dua dan Reksa dana Mega Dana Kombinasi, dan batasan syariah pada Reksa dana Mega Dana Obligasi Syariah dan Reksa dana Mega Dana Syariah tidak memberikan efek yang negatif pada imbal hasil dan risiko.This research tried to compare the return and risk based Net Asset Value of Islamic mutual fund with the conventional mutual fund through period July 2007 ? June 2008 by used Sharpe?s method and Treynor Method. This research also observed how the Islamic limitation on the Islamic based mutual fund effect to its market timing ability.

The chosen of Reksa dana Mega Dana Obligasi Syariah, Reksa dana Mega Dana Syariah and Reksa dana Mega Dana Obligasi Dua, Reksa dana Mega Dana Kombinasi as the object of this research were based on the identical between them that both are discretionary funds, and also based on the same investment manager.

The result of this research shows that Reksa Dana Mega Dana Obligasi Syariah and Reksa dana Mega Dana Syariah produced higher return and average NAV rather than Reksa dana Mega Dana Obligasi Dua and Reksa dana Mega Dana Kombinasi and islamic limitation on Reksa dana Mega Dana Obligasi Syariah dan Reksa dana Mega Dana Syariah does not give any negative effect on the return and risk."

"Profitability is the most important thing in every company. Every company try to increase their profits as maximum as posible. One factor that company used to increase its profit is to make decision about optimum capital structure. Some theory said about correlation between capital structure and profitability. The more profitable the firm, the lower is the amount of leverage expected to be used by the firm. Capital structure is a combination of equity and debt. Some research shows that company which has small ratio of debt in thei capital structure has a big probability to gain high equity return. Thus, debt to equity ratio was used as indicator of capital structure and return on equity was used as measurement for profitability.

This study was made to know influences of capital structure in relation with return on equity as a proxy of profitability. The study was conducted in PT Bank Mega Tbk, period January 2002 until March 2008, using its annual reports as a population, with monthly reports period January 2002 until March 2008 as samples.

The result of statistic test by using alfa 0.05 concludes that capital structure have a significantly small effect to return on equity at PT Bank Mega Tbk period January 2002 ? March 2008. It means that capital structure in PT Bank Mega Tbk period January 2002 ? March 2008 was a small factor in increasing the equity return."

"Struktur kepemilikan dinilai sebagai faktor yang mempunyai pengaruh paling kuat terhadap corporate governance dan juga memiliki hubungan dengan kinerja perusahaan. Penelitian ini bertujuan untuk menganalisis pengaruh struktur kepemilikan (insider ownership-board and managerial ownership, blockholder ownership; dan institutional ownership concentration-pressure-insensitive dan pressure-sensitive) terhadap kinerja perusahaan (industry adjusted return on asset/IAROA) berdasarkan siklus hidup. Penggunaan siklus hidup bertujuan untuk menguji apakah pengaruh struktur kepemilikan pada kinerja perusahaan berbeda untuk setiap tahap siklus hidup. Penelitian ini menggunakan data panel tidak seimbang sejumlah 695 observasi dari sampel perusahaan yang bergerak di sektor manufaktur, IT, dan multimedia periode 2005-2010. Hasil penelitian menunjukkan bahwa: (1) insider ownership memiliki pengaruh yang non linear terhadap IAROA secara signifikan, di mana pengaruh tersebut ditunjukan dengan kurva yang membentuk huruf U (U-shaped), (2) blockholder memiliki pengaruh positif terhadap IAROA secara signifikan pada perusahaan tahap mature, sebaliknya, pada perusahaan tahap growth berpengaruh negatif dan signifikan, (3) institutional ownership concentration memiliki pengaruh negatif terhadap IAROA secara siginfikan pada seluruh sampel dan sebaliknya pada perusahaan tahap mature, memiliki pengaruh positif secara siginifikan, serta (4) kepemilikan institusi pressure-insensitive dan pressure-sensitive memiliki pengaruh positif dan signifikan terhadap IAROA pada perusahaan tahap mature, dan sebaliknya pada perusahaan tahap growth, memiliki pengaruh negatif dan signifikan.

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Ownership structure is assessed as a factor that has the strongest effect on corporate governance and has a relation with firm performance as well. This research aims to analyze the effect of ownership structure (insider ownership- board and managerial ownership, blockholder ownership; and institutional ownership concentration-pressure-insensitive and pressure-sensitive) on firm performance (industry adjusted return on asset/IAROA) based on the firm's life cycle. The using of life cycle aims to examine whether the effect of ownership structure on firm performance will be different for each life cycle stages. This research uses an unbalanced panel data of 695 observations of manufacturing, IT, and multimedia firms for the period 2005-2010.

The result shows: (1) insider ownership has a significant non linear effect on IAROA shown by the U -shaped curve, (2) blockholder has a significant positive effect on IAROA in a mature firms, however, it has a significant negative effect on growing firms (3) institutional ownership concentration has a significant negative effect on IAROA for all samples, while in mature firms has a significant positive effect, and (4) institutional ownership for pressure-insensitive and pressure-sensitive have significant positive effect on IAROA in mature firms, otherwise, growing firms has a significant negative effect."