Samuel Dossugi
BINUS BUSINESS SCHOOL, BINUS UNIVERSITY, JWC Campus, Jl. Hang Lekir I No. 6, Kebayoran Baru, South Jakarta 12120

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Pengaruh Fluktuasi IHSG, Inflasi Dan Suku Bunga Terhadap Imbal Hasil Unitlink Berbasis Saham Teguh Antolis; Samuel Dossugi
Journal of Applied Finance & Accounting Vol. 1 No. 1 (2008): Published on November 2008
Publisher : Bina Nusantara University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21512/jafa.v1i1.120

Abstract

Investment is a general word and is understood by the general society, but how to manage an investment or how to invest the money that will generate good return with small risk is anĀ  attractive challenge and not known by many people. This paper will discuss about unit link, a newly developed investment instrument, which is predicted to be the new star for investment, together with the factors that influence the return of a unit link investment. Unit link is an innovation from the financial industry, and is a combination of insurance and investment. Year 2007 is the year where the stock market had a spectacular growth and this paper will discuss the IHSG fluctuation phenomenon, inflation and interest rate toward the equity-based unit link return and the effect of each factors. From the result of research, we can conclude that IHSG, inflation and interest will affect the equity-based unit link return where the most significant effect is shown by IHSG.
ANALISIS PERBANDINGAN ECONOMIC VALUE ADDED (EVA) DAN FINANCIAL VALUE ADDED (FVA) SEBAGAI ALAT UKUR PENILAIAN KINERJA KEUANGAN PADA INDUSTRI PERKEBUNAN DI BURSA EFEK INDONESIA Nora Alverniatha; Samuel Dossugi
Journal of Applied Finance & Accounting Vol. 3 No. 1 (2010): Published on November 2010
Publisher : Bina Nusantara University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21512/jafa.v3i1.164

Abstract

Economic Value Added (EVA) and the Financial Value Added (FVA) are the concept of management performance assessment based on the size of the added value which is created by the company during the specified period. EVA measures the economic profit of the company taking into account the cost of capital, whereas FVA earnings measure taking into account the contribution of fixed assets in generating net profits of the company. The study aims to determine the ratio of Economic Value Added (EVA) and the Financial Value Added (FVA) as a measurement of financial performance assessment on the industrial estates listed in Indonesia Stock Exchange for the period 2004 to 2009. The method used a descriptive analysis method using time series data. The results of this study indicated that companies using EVA to create economic value and have a good financial performance from 2004 until 2009. While using the FVA, the company is also able to create a positive financial value of good financial performance from 2004 until 2009. The results also show that there are significantly differences between the EVA and the FVA for the period 2004 to 2009.