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In the capital market, investment is usually utilized as a kind of tool for the investors

against the number one cnemy, the infation. By this way, investment is a better alternative than time deposit and cash instrument which offer less return on investment than capital market instrument. Investment can also be a tool for investors in growing their wealth and preserve it. By staying invested, investor can generate earnings and even more from their existing money or fund as long as the market is in expectation and in favour.

Now the world is entering the era of recession when the trend is bearish and market is not so favorable. Many investors are now experiencing great losses and

suffer in their investment. The investment has become like an enemy instead of a tool

to grow, protect and preserve the wealth of investors. Some investors have stated that

the investment did not making them moncy anymore at this time of recession, some said that better not to invest their money in capital market instead. All of these statements were raised mainly because one thing that investors have usually forgotten, its portfolio risk management. Investment bankings in US were bankrupt and no more. The capital markets in every major country were experiencing great amount of loss and people suffered in their investment. That was because one term that has been abandoned all this time, portfolio risk management.

In bullish trend, that was fine to structure the portfolio of investment in stocks and less in bonds as long as the retumn and risk of the portfolio were also fire with the investors. But when the market changes, the structure should be different in terms of portfolio contents. The investor should reduce the portion or share of stocks (since

these relatively have high volatility) and increase the share of bonds and cash in their

portfolio. That is the thing the investor should do.

Capital market of Indonesia bas also suffered because of this world recession. The JCI as the main index price of BEI (Indonesia Stock Exchange) has shown a great downturn for the past one year. Now is the bearish year of the JCI. Therefore, it is also wise for the rational investors to also consider restructuring their portfolio to become mainly in bonds and cash instead of stocks. The way the investors doing this should be by applying the best method ever conceived called modern portfolio theory

which was founded by Nobel Winner Henry Markowitz.

Risk and Return are just like two sides of one coin. The greater the return, the

greater the potential risk may embodied within the investment. The research in this

thesis will show investor on how to find out the lowest risk of a portfolio investment

by providing them with several structures of portfolio weighting. By this way, investor can compare and make the decision based on risk-return consideration and opportunity cost as well."

"ABSTRAKPenelitian ini membahas faktor-faktor apa saja yang mempengaruhi GOR Otista layak untuk dijadikan hunian sementara korban bencana banjir ditinjau dari aspek kesehatan lingkungan. Penelitian ini bertujuan untuk menunjukkan bahwa ada bentuk hunian sementara selain tenda yang lebih aman dari segi kesehatan lingkungan yang dapat dijadikan lokasi pengungsian korban bencana salah satunya GOR Otista. Metode penelitian ini menggunakan metode kualitatif dengan analisis univariat deskriptif observatif. Pengambilan data dilakukan dengan cara observasi dan wawancara menggunakan daftar tilik. Penelitian ini dilakukan di GOR Otista, Jakarta Timur. Variabel yang diobservasi dalam penelitian ini adalah ketersediaan sarana air bersih, sarana pembuangan tinja, sarana pengelolaan limbah padat, sistem pengendalian vektor dan binatang penular penyakit serta kesiapan lahan hunian sementara. Hasil penelitian ini menunjukkan bahwa GOR Otista memiliki ketersediaan sarana air bersih, sarana pembuangan tinja, sarana pengelolaan limbah padat, dan kesiapan lahan yang cukup memadai sehingga layak untuk dijadikan hunian sementara, namun belum memiliki sistem pengendalian vektor dan binatang penular penyakit. Berdasarkan perhitungan hasil observasi, GOR Otista layak dijadikan hunian sementara dengan persentase kelayakan sebesar 88,37%.

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ABSTRACTThe aim of this study discusses the factors that influence the Otista Sports Hall proper for temporary shelter for flood victims in terms of environmental health aspects. This study discusses the form of temporary housing in addition to tents that are safer in terms of health that can be used at the location of refugee camps, one of which is Otista Sports Hall. This research method uses qualitative methods with descriptive observational univariate analysis. Data retrieval is done by observation and interview using the checklist. This research was conducted at GOR Otista, East Jakarta. Variables related to this study are clean water facilities, fecal disposal facilities, solid waste management facilities, vector control systems and disease transmitters as well as the preparation of temporary housing. The results of this study indicate that GOR Otista has supply of clean water facilities, fecal disposal facilities, solid waste management facilities, and solid waste management to be used as temporary housing, not yet having vector control systems and infectious animal diseases. Based on the calculation of the observation results, the Otista Sport Hall is worthy of being a temporary residence with a percentage of eligibility of 88.37%."

"Risiko kredit membahas mengenai kerugian yang discbabkan oleh kejadian gagal bayar nasabah. Inti pcngukuran risiko kredit adalah pada penentuan probabilitas gagal bayar. Banyak pendekatan dan model dikembangkan atas dasar asumsi perhitungan probabilitas gaga! bayar. Pemahaman menyeluruh atas karakteristik data kredit memungkinkan manajemen perbankan untuk melakukan analisis manajemen kredit yang komprehensif dan tepat guna. Dalam memahami karakteristik data, metode hazard rate dan model logit memberikan altematif pemahaman berdasarkan analisis kualitas kredit nasabah. Kualitas kredit dipandang sebagai data-data yang berulang keterjadiannya dengan pola atau probabilitas perpindahan tertentu. Dengan pemahaman atas karakteristik repetisi keterjadian kualitas kredit nambah, manajemen kredit perbankan dapal melakukan analisis yang komprehensif mengenai perilaku kualitas kredit nasabah dalam jangka pendek dan memproyeksikannya. Melalui kombinasi mata kerja Markov dengan analisis deskriptif berdasarkan frekuensi keterjadian kualitas kredit, manajemen kredit perbankan akan dapat memformulasikan berbagai kebijakan kredit yang lebih terintegrasi dan tepat guna.

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Credit risk discusses about loss that caused by counterpany's default. The point of credit risk measurements is how to determine probability of default. Many approach developed base on asumption about probability of default. Understanding all characteristics of credit data., make possibility banking's management analyzing credit management comprehensively and efliciently. In understanding characteristic of data, Duration atau Hazard-rate Approach and logistic approach an altemative base on counterparty's credit quality analysis. Credit quality recognized as data that repetitively happened with specific trend or probability of trantition. Understanding about characteristic behaviour of repetition oounterparty’s credit quality, banking institution management can analyze comprehensively about counter-party's credit quality behaviour in short term and make projection. Combining Markov chain with descriptive analysis base on frequency of credit quality event, banking institution management can formulate any credit policies more integrately and efficiently."

"Penelitian mengenai kepemilikan bank tetap menjadi topik yang menarik untuk dikaji. Dengan meneliti kelompok kepemilikan yang didefinisikan Bank Indonesia, ditemukan perbedaan kinerja yang berbeda antara kelompok kepemilikan tersebut. Menggunakan data set yang berbeda (antara tahun 2002 sampai dengan 2008), penelitian ini menemukan bahwa ada keterkaitan antara kepemilikan bank dengan profitabilitas, struktur permodalan dan likuiditas, kualitas aset dan pencadangan serta risiko bank. Hasil yang diperoleh sejalan dengan penelitian sebelunmya, bahwa profitabilitas dan risiko bank asing lebih baik tinggi dibanding bank domestik, yaitu bank swasta dan pesero. Namun hal ini tidak berlaku kepada Bank BPD dimana profitabilitas lebih tinggi dari bank asing. Kelompok Bank BPD juga memiliki keunikan dalam hal operasi, yang non devisa membuat perbedaan sifat dengan bank domestik lain. Bank PESERO yang dihipotesakan memiliki profitabilitas yang lebih rendah, ternyata masih lebih baik dari profitabilitas bank swasta nasional. Dengan membandingkan struktur modal, kualitas aset serta risiko, terlihat bahwa bank domestik lebih memilih risiko yang sedang dibanding bank asing, sehingga menghasilkan profitabilitas yang sedang juga. Hal ini dapat menjadi referensi mengenai perilaku pengambilan risiko antar bank yang berbeda kepemikan.

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Bank ownership is still important and interesting. Using ownership categories defined by Bank Indonesia, this paper found different performance between them. With different dataset (between 2002 and 2008) this paper found evident of relationships between bank ownership, profitability, capital structure and liquidity, asset quality and provisions, and risk. These foundings preserve recent findings that foreign bank produced more profitability than domestic banks, government owned and private owned. But these findings do not apply to state government owned banks (BPD) which bad higher profitability than foreign banks. BPD had uniqe characteristics which include limited operations, or non devisa that differ from other ownership type. Government owned banks assume to have lower profitability, turns out to outperforme private owned banks. By examining capital structure, asset quality and risk, we found domestic banks have lower risk taking opposite to foreign banks hence their profitability also lower. This shows risk taking behaviour that differ between different ownerships."

"Tesis ini membahas tentang implementasi Diversity Program untuk tenaga kerja penyandang disabilitas di Standard Chartered Bank (SCB) Indonesia. Penelitian menggunakan pendekatan kualitatif dengan desain studi eksploratif. Data diperoleh melalui wawancara dengan 8 (delapan) orang karyawan penyandang disabilitas dan 8 (delapan) orang karyawan non disabled, baik pada level manajerial maupun non manajerial. Analisis dibangun dengan melihat pemahaman karyawan dan perusahaan terhadap disabilitas dan nilai-nilai perusahaan. Penelitian menunjukkan bahwa belum ada penerapan Diversity Program secara formal dan terstruktur di SCB Indonesia. Selama ini, SCB Indonesia baru menerapkan affirmative action dalam bentuk perekrutan penyandang disabilitas sesuai instruksi dari grup. Namun, SCB dianggap telah memiliki modal yang cukup untuk mengembangkan Diversity Program yang terstruktur di kemudian hari.

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This thesis discusses the implementation of Diversity Programs for workers with disabilities at Standard Chartered Bank (SCB) Indonesia. The study used a qualitative approach to the design of exploratory studies. The data obtained through interviews with eight (8) disabled employees and eight (8) non-disabled employees, both at the level of managerial and non-managerial. The analysis is built with the understanding of employees and the company about disability and company values. Research shows that there has been no formal and structured adoption of Diversity Programs in SCB Indonesia. During this time, SCB Indonesia implement affirmative action in the form of hiring persons with disabilities according to the instructions of the group. However, SCB considered to have sufficient capital to develop the more structured Diversity Programs in the future."

"ABSTRAKPenelitian ini bertujuan untuk menganalisis cash-cashflow sensitivity ataupengaruh cash flow terhadap cash holdings pada perusahaan yang mengalamikendala keuangan. Variabel yang digunakan untuk menjelaskan cash flowadalah pendapatan perusahaan sebelum extraordinary items dan cash holdingsdijelaskan oleh perubahan nilai kas yang dimiliki perusahaan. Sementarauntuk mengukur kendala keuangan, peneliti menggunakan pembayaran dividen,ukuran perusahaan, dan nilai KZ Index sebagai ukuran. Penelitianini menggunakan sampel yang meliputi 306 perusahaan non keuangan diIndonesia dari periode 2005-2014. Dengan menggunakan regresi data paneldan regresi instrumen, ditemukan bahwa cash flow memiliki pengaruh yangpositif terhadap cash holdings pada perusahaan yang terkendala keuangansementara pada perusahaan yang tidak mengalami kendala keuangan, tidakada pengaruh yang signifikan.

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ABSTRACTThis research aims to analyze cash-cashflow sensitivity on cash holdingsof financially constrained and unconstrained firms. Variables used on thisresearch are cash holdings that?s measured by change on cash to asset ratioand cash flow that?s measured by using company?s EBITDA. To measurefinancial contraint, the author uses dividend payout, size and KZ Index as thecriteria. This research uses 291 non-finance public companies in Indonesiafor the period of 2005-2014. By using panel data and IV regression, the resultof this study is consistent whereas cash flow positively affect cash holdingof financially constrained firm and insignificantly affect cash holdings offinancially unconstrained firms."

"ABSTRAKPenelitian ini bertujuan untuk mempelajari kandungan informasi privat padaproses unnatural price discovery atau yang lebih dikenal sebagai jump ketikakejadian makroekonomi tidak dapat menjelaskan proses terjadinya jump di pasarsaham. Hasil penelitian ini menunjukkan bahwa jump yang terjadi di pasar sahamdi Asia Tenggara dipengaruhi oleh informasi privat dimana nilai imbal hasil secarastatistik signifikan lebih tinggi/ lebih rendah pada hari dimana terjadi informasiprivat. Kami juga menemukan pola bahwa informasi privat yang terjadi di pasarsaham Indonesia secara konsisten terkonsentrasi pada hari tertentu yaitu hari Jumat.Sedangkan pola pada pasar saham di negara lain menunjukkan informasi privatyang datang tidak terkonsentrasi pada hari tertentu melainkan secara random.Hasil penelitian ini selanjutnya menemukan bahwa informasi privat mampumenjelaskan imbal hasil individu perusahaan di Indonesia dan Thailand secarakonsisten untuk semua interval waktu yaitu; 1 menit, 5 menit, 10 menit, dan 30menit. Menggunakan konsep dari Aït-Sahalia, Cacho-Diaz, and Laeven (2015)kami menemukan spillover informasi privat yang konsisten dan signifikan hanyadi pasar saham Singapura dan Indonesia sedangkan untuk pasar saham negara lain kami tidak menemukan adanya spillover.

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ABSTRACTThis research studies the private information from unnatural price discoveryor jump when the absence of macroeconomic announcements. This study reveals that private information significantly explain jump in the Southeast Asia stock ..markets. Private information affects return on the day when the informed tradersexecute their information resulting extreme value of return. We find a pattern thatthe arrival of private information in Indonesian stock market is consistentlyconcentrated on Friday while other stock markets are random.This paper empirically shows that private information is consistently explainindividual return in Indonesia as well as Thailand stock market. Using the conceptfrom Aït-Sahalia, Cacho-Diaz, and Laeven (2015), we discover spillover of privateinformation from Singapore to Indonesia whereas there is no private informationspillover in other stock markets"

"Penelitian ini bertujuan untuk menganalisis pengaruh model bisnis yang di gunakan oleh pelaku bisnis dalam industri teknologi finansial. Analisis di lihat dari elemenelemen yang tergabung dalam ekosistem fintech beserta kunci penggerak nya. Produk yang di tawarkan, permintaan pelanggan, hambatan masuk, percepatan teknologi, serta modal pendanaan usaha juga termasuk ke dalam bagian dari penelitian.

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This study aims to analyze the influence of bussiness models that are used by peer to peer lending businesses in financial technology fintech. The analysis is viewed from the element of fintech ecosystem along with its driving key firms. Offered products, customer demands, barriers to entry, pace of acceleration technology, and funding of the bussiness are also included inside the part of research."

"Penelitian ini memiliki tujuan untuk menguji pengaruh likuiditas terhadap profitabilitas pada perusahaan jasa sub sektor telekomunikasi di indonesia studi pada perusahaan jasa yang terdaftar di bursa efek indonesia tahun 2009 - 2016 . Penelitian ini dilakukan pada 5 perusahaan telekomunikasi yang terdaftar di Bursa Efek Indonesia. Data penelitian bersumber dari data sekunder yaitu laporan keuangan 5 perusahaan telekomunikasi tahun 2009 sampai dengan 2016. Analisis data menggunakan regresi linier berganda untuk menguji pengaruh variabel independen terhadap variabel dependen. Pengolahan data dilakukan menggunakan aplikasi EViews 10.0. Hasil penelitian menunjukkan bahwa selama periode 2009-2016 terdapat penemuan variable current ratio dan net working capital secara parsial berpengaruh positif tidak signifikan terhadap return on asset, dan variabel quick ratio dan secara parsial berpengaruh negative tidak signifikan terhadap return on asset.

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The objective of this research is to examine the effect of liquidity on profitability in telecommunication sector company in indonesia study on service company listed in stock exchange indonesia year 2009-2016.

This research was conducted on 5 telecommunication companies listed in Bursa Efek Indonesia. The research data is sourced from secondary data that is financial report of 5 telecommunication company in 2009 until 2016. Data analysis using multiple linear regression to test the influence of independent variable to dependent variable Data processing is done using application of EViews 10.0.

The result of research indicate that during period 2009 2016 there is the discovery of variable current ratio and net working capital partially positive effect is not significant to return on asset, and variable quick ratio partially not significant negative effect on return on asset."

"ABSTRAKPenelitian ini bertujuan.untuk mengetahui apakah akuisisi, jumlah kunjungan bulanan, jumlah investor utama, dan jumlah anggota direksi pada perusahaan startup digital berpengaruh pada besaran pendanaan yang diterima dan jumlah babak pendanaan. Penelitian ini menggunakan data sampel 300 startup dengan ranking tertinggi di seluruh dunia. Dengan menggunakan regresi linear berganda metode OLS Ordinary Least Square, hasil penelitian ini menujukkan bahwa keempat variabel yang diteliti signifikan memengaruhi besaran pendanaan dan jumlah babak pendanaan pada perusahaan startup digital dengan arah hubungan positif. Penelitian ini juga membuktikan bahwa tidak terdapat perbedaan yang signifikan dalam hal pendanaan pada startup digital yang berasal dari negara maju maupun negara berkembang.

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ABSTRACTThis study aims to determine whether the acquisition, the number of monthly visit, the number of lead investor, and the number of board member at the digital startup companies affect the amount of funding received and the number of funding round. This study used data sample of 300 startups with the highest ranking worldwide. By using multiple linear regression of OLS Ordinary Least Square, the results of this study showed that the four variables studied significantly affect the amount of funding and the number of funding round at the digital startup company with positive relationship. This study also proves that there is no significant difference in funding on digital startup from emerging and high income countries. "