Analisis Proses Valuasi Bisnis pada PT OJI Tbk oleh PT STS

Laporan magang ini bertujuan untuk mengevaluasi kesesuaian proses valuasi bisnis pada PT STS berdasarkan pendekatan analisis top-down. Pendekatan ini mencakup analisis makroekonomi, analisis industri, dan analisis perusahaan yang terdiri atas analisis laporan keuangan, proyeksi laporan keuangan dan valuasi perusahaan. Hasil evaluasi menunjukkan bahwa keseluruhan proses valuasi bisnis telah berj…

Misspecified Recovery

Asset prices contain information about the probability distribution of future states and the stochastic discounting of those states as used by investors. To better understand the challenge in distinguishing investors' beliefs from risk-adjusted discounting, we use Perron?Frobenius Theory to isolate a positive martingale component of the stochastic discount factor process. This component recover…

Estimasi Nilai Pasar Wajar Ekuitas PT Prima Layanan Nasional Enjiniring Dalam…

PT Prima Layanan Nasional Enjiniring (PT PLN Enjiniring) berencana melakukan initial public offering pada tahun 2012 yang dimaksudkan untuk pengembangan usaha. Tujuan dari penelitian ini adalah untuk mengestimasi nilai pasar wajar ekuitas PT PLN Enjiniring dalam rangka initial public offering tersebut. Nilai pasar wajar ekuitas PT PLN Enjiniring diperoleh dengan menggunakan metoda discounted ca…

Tingkat Pendidikan CEO dan IPO Discount: Bukti Empiris dari Indonesia

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ISBN/ISSN

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Deskripsi Fisik

ix, 69 p. ; diagr. ; 30 cm

Judul Seri

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No. Panggil

T 084/23

Pengaruh Bonus Pack, Price Discount, dan Price Consciousness terhadap Attitud…

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ISBN/ISSN

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Deskripsi Fisik

ix, 68 p. ; 30 cm

Judul Seri

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No. Panggil

T 185/23

Evaluasi Prosedur Penyusunan Strategi Diversifikasi Pendapatan PT NARA Oleh D…

Laporan magang ini membahas evaluasi terhadap prosedur strategi diversifikasi pendapatan pada proyek penyusunan strategi diversifikasi pendapatan yang dilakukan oleh DRA Consulting, sebuah anak perusahaan KAP DRA Indonesia yang bergerak di bidang jasa konsultasi. KAP DRA Indonesia merupakan sebuah kantor akuntan public yang menyediakan layanan audit & asuransi, konsultasi, layanan bisnis & outs…

The Term Structure of Covered Interest Rate Parity Violations

We quantify the impact of risk-based and nonrisk-based intermediary constraints (IC) on the term structure of covered interest rate parity (CIP) violations. Using a stochastic discount factor (SDF) inferred from interest rate swaps, we value currency derivatives. The wedge between model-implied and observed derivative prices reflects the impact of nonrisk-based IC because our SDF incorporates r…

Discount-Rate Risk in Private Equity : Evidence from Secondary Market Transac…

Measures of private equity (PE) performance based on cash flows do not account for a discount-rate risk premium that is a component of the capital asset pricing model (CAPM) alpha. We create secondary market PE indices and find that PE discount rates vary considerably. Net asset values are too smooth because they fail to reflect variation in discount rates. Although the CAPM alpha for our index…

Pengaruh bonus pack, price discount, dan price consciousness terhadap attitud…

Melihat perubahan yang terjadi terhadap konsumen sebaiknya para pelaku usaha selalu melakukan pembaharuan terhadap cara mereka dalam memberikan penawaran kepada konsumen. Penelitian ini memiliki tujuan untuk mengetahui sikap konsumen terhadap penawaran sebuah produk dengan dua jenis penawaran yang dilakukan secara secara bersama sama yaitu bonus packs dan price discount. Penelitian ini mencoba …

Evaluasi Prosedur Studi Kelayakan Finansial pada Proyek Jalan Tol oleh PT Sol…

Laporan magang ini membahas evaluasi terhadap prosedur studi kelayakan finansial pada proyek jalan tol yang dilakukan oleh PT Solusi Advisory, sebuah anak perusahaan PT Solusi Indonesia yang bergerak dalam bidang jasa konsultasi keuangan. PT Solusi Indonesia merupakan sebuah kantor akuntan publik yang menyediakan layanan audit & asuransi, konsultansi, konsultasi keuangan, konsultasi risiko, ser…

Evaluasi Pekerjaan PT Copper Advisory sebagai Pakar Auditor atas Penilaian Pe…

Laporan magang ini mengevaluasi pekerjaan dari PT Copper Advisory sebagai pakar auditor yang melakukan penilaian terhadap pekerjaan KJPP Coal. KJPP Coal merupakan pakar manajemen yang melakukan penilaian terhadap penurunan nilai goodwill dari PT Ash. Dalam usaha menilai pekerjaan KJPP Coal, PT Copper Advisory melakukan beberapa tindakan yang mencakup: pemahaman bisnis dan industri, proyeksi keu…

Analisis Pengaruh Persepsi tentang Diskon terhadap Keputusan Pembelian Konsum…

Persaingan pasar produk fashion yang semakin ketat pada platform e-commerce membuat peran promosi penjualan menjadi semakin penting untuk menarik minat konsumen, salah satunya dengan diskon. Penelitian ini bertujuan untuk mengetahui bagaimana persepsi pembeli produk fashion terhadap diskon memengaruhi intensi perilaku mereka. Sampel penelitian ini berjumlah 249 orang yang berusia 18-35 tahun da…

Analisis Valuasi dan Pembagian Proporsi Kepemilikan Saham pada Perusahaan Sos…

In the era of COVID-19 pandemic, the role of socially oriented business is very significant for people. This study aims to determine the value of a social enterprise in Indonesia and to propose the company’s ideal share ownership after receiving funds from the investor. Valuation is required by PT X as a reference to obtain funding from a venture capital company. The research used a qualitati…

Evaluasi Penerapan Tata Kelola dan Pengendalian Internal PT DKS atas Siklus P…

This internship report was created with the aim of evaluating governance and internal control over discounted sales transactions at PT DKS. This evaluation is motivated by the emergence of debt recognition to distributors from sales discount transactions by PT DKS. The evaluation conducted in this internship report uses the Principles of Good Corporate Governance (GCG) and COSO's Integrated Int…

The WACC Fallacy: The Real Effect of Using a Unique Discount Rate

Printed Journal

Buyout Activity: The Impact of Aggregate Discount Rates

Buyout booms form in response to declines in the aggregate risk premium. We document that the equity risk premium is the primary determinant of buyout activity rather than credit-specific conditions. We articulate a simple explanation for this phenomenon: a low risk premium increases the present value of performance gains and decreases the cost of holding an illiquid investment. A panel of U.S.…

Cash Flow and Discount Rate Risk in Up and Down Markets: What is Actually Pri…

We test whether asymmetric preferences for losses versus gains affect the prices of cash flow versus discount rate risk. We construct a return decomposition distinguishing cash flow and discount rate betas in up and down markets. Using U.S. data we find that downside cash flow and discount rate betas carry the largest premia. Downside cash flow risk is priced…

Consumer Evaluations of Sale Prices: Role of the Subtraction Principle

How exactly does the display location of a sale price relative to the original price affect consumers' evaluations? Across multiple studies, including field studies with actual choices and studies with nonstudent samples, this article shows that consumer evaluations are a function of the display location of the sale price, but such evaluations are moderated by discount depth. First, presenting …

Why Do Closed-End Bond Funds Exist? An Additional Explanation for the Growth …

In this paper we explore a new explanation of why closed-end bond funds exist when similar open-end funds are available. In general, closed-end funds operate in the less-liquid parts of the market. When we compare closed-end bond funds with a matched set of open-end funds with the same objective, same manager and issued by the same fund family, we find no difference in the returns earned on ass…

Do analysts add value when they most can? evidence from corporate spin-offs

This article investigates how securities analysts help investors understand the value of diversification. By studying the research that analysts produce about companies that have announced corporate spin-offs, we gain unique insights into how analysts portray diversified firms to the investment community. We find that while analysts' research about these companies is associated with improved fo…