Effect of 2008 and 2016 U.S Presidential Election in the Indonesian Stock Market

The U.S. Presidential election was an event that received widespread attention across the globe. In the 2008 presidential campaign, Barrack Obama nominated to be the first black President. In 2016, Hillary Clinton potentially become the first woman President in American history, while the other candidate, Donald Trump, made some unpopular and controversial proposals. The purpose of this paper is to analyze whether the 2008 and 2016 election were considered as the relevant information in the Indonesian Stock Market (IDX). The daily closing prices of all all share listed in IDX would be examined used event study method. The results provide insight about the responsiveness of IDX participants to the US Presidential election event that could be used in decision making

Formulasi Kebijakan Anggaran Pendidikan dalam Mewujudkan Peningkatan Pemerataan Pendidikan Era Otonomi Daerah di Kabupaten Solok

Post-Reform has brought about a fundamental change in the national education system. Changes in the education system follow changes in the authoritarian system of government-centralized toward decentralized, better known by the name of educational autonomy. Thus, the education system also adjusts to model of regional autonomy. Policy autonomy in education, then expected to bring much hope for the improvement of education system in the region in particular and in Indonesia as a whole. This study tried to describe the formulation of educational budget policy in Solok Regency and the actors involved in the formulation. The qualitative method was used in this study. Based on data analysis, it is found that autonomy in the regency of Solok has used the bottom-up model in the budget policy formulation, which involves active community participation. The involvement of the community is expected for distribution of education at every level of society

PENGARUH FAKTOR INTERNAL DAN EKSTERNAL PERUSAHAAN TERHADAP NILAI PERUSAHAAN (Studi Empiris pada Perusahaan Manufaktur yang terdaftar di Bursa Efek Indonesia Periode 2007-2010)

This study aimed to investigate the influence of internal and external factors on firm value in the study period of 2007-2010. In this study the internal factors that asset growth, funding decisions, and dividend policy. While external factors, namely firm inflation and interest rates. This study uses multiple regression analysis to test the hypothesis. The population in this study is a manufacturing company listed on the Indonesia Stock Exchange. The sample in this study is determined by purposive sampling. Of the 128 companies, has acquired 32 companies that distribute dividends for 4 consecutive years. The results showed that the growth of assets and dividend policy have significant positive effect on firm value, the inflation rate is not significant positive effect on firm value, negatively affect funding decisions no significant effect on firm value, and the interest rate a significant negative effect on firm value

Owner’s Commitment to the Planning and Controlling Processes to Improve Performance in Small and Medium Manufacturing Companies

Owners of small companies usually have the role as the top management that has to commit to the provision of time, cost, and resources. For the top management, the most important aspect to run the business is to develop and to create a value for the company so that the value can increase the performance. Based on the previous researches, good commitment and leadership style from the top management have effects on planning and controlling processes in improving organization performance. Meanwhile, the survey results from interviewing and collecting questionnaires from 110 practitioners of small manufacturing companies and examining the hypothesis create a fit model which has been thoroughly tested using Partial Least Square (PLS). After the PLS test, the results show that: first, there is a positive effect but not significant commitment from the company owners to the effectiveness of the company planning processes second, there is a positive effect and significant commitment from the company owners to the effectiveness of the controlling processes third, planning process conducted by departments inside the company has positive effect and significance to the controlling processes in small companies fourth, the planning process conducted by companies has positive effect and significance to increase company performance fifth, the controlling process conducted by companies has positive effect and significance to increase company performance. Further exploration, owners of small companies in East Java have the tendency not to focus on planning process but to stress more on controlling process

Transit method and discovery of exoplanet

Apresentamos neste trabalho uma breve revisão sobre o método de trânsito na detecção de exoplanetas. O trânsito é uma técnica baseada na redução do brilho de uma estrela quando o exoplaneta passa na sua frente percorrendo o seu disco, com respeito à linha de visada. O método de trânsito é responsável por 23% das detecções de exoplanetas. Nesse sentido, discutimos de forma pedagógica os detalhes da técnica, deduzindo as principais equações. Por fim, a aplicação do método na detecção do exoplaneta COROT-1b foi analisado.This issue reports a brief review about transit method of detecting extrasolar planet (exoplanet). When a exoplanet crosses (transits) in front of its host star's disk along the line of sight, then the observed visual brightness of the star drops by a small amount. The transit method is responsible for 23% of some important new discoveries of exoplanets. In this sense, we explain didactically the conceptual and calculational details of transit method. As a result of application of the transit method, we applied it to exoplanet COROT-1b

Understanding the city size wage gap

In 2000, wages of full time full year workers were more than 30 percent higher in metropolitan areas of over 1.5 million people than rural areas. The monotonic relationship between wages and city size is robust to controls for age, schooling and labor market experience. In this paper, we decompose the city size wage gap into various components. We propose an on-the-job search model that incorporates latent ability, search frictions, firm-worker match quality, human capital accumulation and endogenous migration between large, medium and small cities. Counterfactual simulations of the model indicate that variation in returns to experience and differences in wage intercepts across location type are the most important mechanisms contributing to the overall city size wage premium. Steeper returns to experience in larger cities is more important for college graduates while differences in wage intercepts is more important for high school graduates. Sorting on unobserved ability within education group and differences in labor market search frictions and distributions of firm-worker match quality contribute little or slightly negatively to observed city size wage premia in both samples

The Effect of Determinant Capital Structure on Formatting Capital Structure: Empirical Evidence in Indonesian Firms

The Purpose of this research is to test the effect of determinant capital structure (tangibility, profitability, growth opportunity, size and cash holding) on formatting capital structure in Indonesian Firms. This research use financial statement of 125 nonfinancial firms listed in Indonesian Stock Exchange (IDX) period 2000 – 2010 and use multiple regression as an analysis method. The result showed that during the period 2000 – 2010, there were four variables (tangibility, profitability, size and cash holding) had significant effect on formatting capital structure, while growth opportunity had no significant effect . In Overall, all of the independent variables had significant effect on formatting capital structure in Indonesian firms

Couverture ne fait pas le livre ! (La)

La Bibliothèque vivante fonctionne exactement de la même façon qu\u27une bibliothèque classique. Les lecteurs viennent y emprunter un livre pour une durée limitée ; quand ils ont fini de le lire, ils le ramènent à la bibliothèque et peuvent en emprunter un autre, s\u27ils le désirent. Mais il y a une petite différence : les Livres de la Bibliothèque vivante sont des êtres humains. Entre eux et leurs lecteurs, un dialogue va s\u27installer. Les Livres sont des personnes qui représentent des groupes fréquemment confrontés à des préjugés et à des stéréotypes, souvent victimes de discrimination et/ou d\u27exclusion sociale. Le lecteur peut-être n\u27importe qui désire dialoguer avec son propre préjugé ou stéréotype et est prêt à consacrer une heure à cette expérience. Dans la Bibliothèque vivante, les Livres ont la parole : ils sont en mesure de répondre aux questions du lecteur, voire de lui poser des questions et ainsi d\u27apprendre, eux aussi