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Porto(olio Ffi ,icll ......... .... ..... .................. _...... ................................ _
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I'Ur1 01,llio dan J)i\er~ilikas j fnVl."l> I-lsi ............................. ... ..
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Daftar lsi
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Manajemen Investasi: Teori dan Soal Jawab
Investasi pada Saham .......................................................................................................... . Pengaruh Laporan Keuangan untuk Investor .................................................................. . Energi Alternatif sebagai Investasi Alternatif ................................................................... Diskusikanlah! ..................................................................................................................... . Istilah Penting ...................................................................................................................... . Soal dan Jawaban ................................................................................................................. . Catatan Akhir....................................................................................................................... .
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Bab 2 Pasar Keuangan ...........................................;............................................. .
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Pengertian Pasar Keuangan (Financial Market) .............................................................. . Bentuk-bentuk Pasar Keuangan ......................................................................................... Definisi Kebijakan Moneter ................................................................................................ Diskusikanlah!...................................................................................................................... . Istilah Penting ....................................................................................................................... Soal dan Jawaban .................................................................................................................. Catatan Akhir ....................................................................................................................... .
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Bab 3 Pasar Modal Indonesia ............................................................................. . Pengertian Pasar Modal ...................................................................................................... . Sejarah Pasar Modal Indonesia .......................................................................................... Penggabungan BEJ dan BES Menjadi Bursa Efek Indonesia (BEl) ................................ Alamat Bursa Efek Indonesia ............................................................................................. . Pengertian Go Public .........:" ............................................................................................. . Keterbukaan Pasca-emisi .................................................................................................... . Keuntungan Go Public........................................................................................................ . Underwriter ........................................................................................................................... Konsultan Rukum dan Notaris.......................................................................................... . Auditor Penjamin Emisi ..................................................................................................... . Peranan Bapepam-LK dan Menteri Keuangan ................................................................ . Kronologis Pencatatan Saham di Bursa Efek Indonesia (BEl) ....................................... Reksa Dana ............................................................................................................................. Diskusikanlah!....... :............................................................................................................. .. , it Istilah Penting ...........::......................................................................................................... . Soal dan Jawaban ..........:..................................................................................................... .. Catatan Akhir................:...................................................................................................... . Definisi Inflasi ................................................................................,.,.... ,..................... ,........ .
Bab 4 Intlasi dan Investasi .................................................................................. . Pembagian Inflasi. .. ,............ " ..,',.,"", ...,', ............... ,.,...,." .... " ........... ,..... ,..... " ..... ,............... . Skala Penilaian Inflasi ......................................................................................................... . Perhitungan Indeks Rarga Konsumen (IRK) atau Consumer Price Index (CPI) ...... . Tujuan Perhitungan IRK dan CPI ...................................................................................... Per hi tungan Inflasi .............................................................................................................. . Definisi Deflasi ..................................................................................................................... . Metode Penyesuaian Laporan Keuangan terhadap Inflasi ............................................. .
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Pengaruh Inflasi yang SI
Pengaruh Inflasi pacia II
Istilah Penting .............. . Diskusikanlah! ............... . Catatan Akhir ................
Pengertian Saham .........
Bab 5 Saham....................... Pengertian Saham Biasa Jenis-jenis Saham Biasa Pembahasan dalam RUI Keuntungan Memiliki S Faktor Naik dan Turum Alasan Perusahaan Mer Pelaku Pasar Saham ..... Memberikan Penilaian Kategori Saham per Se~ Right Issue ................... .. Menghitung Nilai Bula: Menghitung Pembayar< Earning per Share (EP5 Price Earning Ratio (PI Menghitung Return on Menghitung Return on Stock Repurchase atau Zero Growth Model da Gordon Growth Mode Wait and See ................ Don't Fight the Tape ... Tips untuk Investor da Diskusikanlah! ............ . Istilah Penting ............ Soal dan Jawaban ........ Catatan Akhir ............ ..
Bab 6 Right Issue ............ Pengertian Right Issu€
Rak (Right) .............. .. Right Issue dan Kebij, Right Issue dan Pinjal Alasan Perusahaan M Right Issue dan Kiner Ketentuan Penerbitan Beberapa Penelitian t, Faktor yang Turut MI
ori dan 50al Jawab
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Daftar lsi
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Pengaruh Inflasi yang Stabil dan Terkendali pada Perusahaan...................................... Pengaruh Inflasi pada Investasi .......... ....... ............................... .................... ....... ......... ..... Istilah Penting ...................................................................................................................... Diskusikanlah!....................................................................................................................... Catatan Akhir ....................................................................................................................... Pengertian Saham ....... ....... ....... ............... ....... ......... ...................... ....... ........................... .....
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Pengertian Saham Biasa dan Saham Istimewa....................... .................................... ....... Jenis-jenis Saham Biasa........................................................................................................ Pembahasan dalam RUPS dan RUPSLB............................................................................ Keuntungan Memiliki Saham ............................................................................................. Faktor Naik dan Turunnya Harga Saham.......................................................................... Alasan Perusahaan Menjual Saham ................................................................................... Pelaku Pasar Saham .. ......... ............. ....... ....... ......... ............... ....... ....... ....... ........... ......... ...... Memberikan Penilaian Saham dari PerspektifInvestor .................................................. Kategori Saham per Sektor Industri................................................................................... Right Issue... ............ .......... ......... ....... ....... .......... ................ ....... ............. ..... ......... ..... ............ Menghitung Nilai Buku per Lembar Saham .................................................................... Menghitung Pembayaran Dividen yang Tidak Teratur ................................................... Earning per Share (EPS) ...................................................................................................... Price Earning Ratio (PER)................................................................................................... Menghitung Return on Investment (RO!) ........................................................................ Menghifimg Return on Equity (ROE) ............................................................................... Stock Repurchase atau Buy Back (Pembelian Kembali Saham) ..................................... Zero Growth Model dan Signaling Theory....................................................................... Gordon Growth Model........................................................................................................ Wait and See .......................................................................................................................... Don't Fight the Tape ................................................................................................. ,........... Tips untuk Investor dalam Bermain Saham...................................................................... Diskusikanlah!....................................................................................................................... ,. lstilah Penting ...................................................................................................................... 'stial dan Jawaban.................................................................................................................. Cat<j,tan Akhir.... ....... ........ .......... ............... .......... ...... ......... ........ ........ ........ ....... ....................
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Pengertian Right Issue.......................................................................................................... Hak (Right) ........................................................................................................................... Right Issue dan Kebijakan Stuktur Modal......................................................................... Right Issue dan Pinjaman Perbankan ....... ............ .......... ............... ..... ...... ...... ................... Alasan Perusahaan Menerbitkan Right Issue.................................................................... Right Issue dan Kinerja Keuangan ..................................................................................... Ketentuan Penerbitan Right Issue ...................................................................................... Beberapa Penelitian tentang Right Issue ........................................................................... Faktor yang Turut Memengaruhi Pembentukan Harga Right Issue..............................
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Manajemen Investasi: Teori dan Soal Jawab
Rumus Perhitungan Right Issue.......................................................................................... Istilah Penting ....................................................................................................................... Diskusikanlah! ...................................................................................................................... Soal dan Jawaban .................................................................................................................. Catatan Akhir........................................................................................................................ Definisi Stock Split................................................................................................................
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Bab 7 Stock Split ..................................................................................................
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Tujuan Dilakukannya Stock Split ....................................................................................... Stock Split dalam Perspektif Signaling Theory dan Trading Range Theory................. Stock Split dan Kinerja Keuangan...................................................................................... Istilah Penting .. ........ ...... ...... .......... .................... ............. ...... ........ ....... .... .... ....... ............. ..... Diskusikanlah!....................................................................................................................... Soal dan Jawaban .................................................................................................................. Catatan Akhir. .................. .......... ...................... .......... ....... ................. ........ ............ ...............
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Bab 8 Obligasi ......................................................................................................
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Definisi Obligasi.................................................................................................................... Syarat Sebuah Perusahaan Berhak Menerbitkan Obligasi .............................................. Pihak yang Berhak Menerbitkan Obligasi......................................................................... Obligasi dan Pemerintah Daerah ....................................................................................... Alasan bagi Sebuah Perusahaan Menerbitkan Obligasi .................................................. Alasan Membeli Obligasi..................................................................................................... Conlmercial Paper ................................................................................................................ Jenis Obligasi Berdasarkan Penerbitan .............................................................................. Jenis dan Karekteristik Obligasi.......................................................................................... Suku Bunga dan Jangka Waktu Obligasi ........................................................................... Obligasi yang Dijual Tanpa Ada Batas Waktu .................................................................. Tingkat Bunga Obligasi ....................................................................................................... Spot Interest Rate.................................................................................................................. Nominal Yield dan Current yield....................................................................................... Yield to Maturity (¥TM) ..................................................................................................... Diskusikanlah! ...................................................................................................................... Istilah Penting ........'...i.:......................................................................................................... Soal dan Jawaban ............:..................................................................................................... Catatan Akhir..................':..................................................................................................... Harry Markowitz .................................................................................................................
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Bab 9 Teori Portofolio Markowitz........................................................................
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Model Portofolio Markowitz............................................................................................... Asumsi-asumsi dalam Teori Markowitz............................................................................ Diversifikasi Investasi Model Markowitz .......................................................................... Asas Teori Portofolio Markowitz........................................................................................ Kebaikan Teori Portofolio Markowitz................................................................................ Kelemahan Teori Portofolio Markowitz ............................................................................
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Daftar 151
Diskusikanlah! ................ .
Istilah Penting .................
Soal dan Jawaban ........... .
Catatan Akhir ................ ..
Bab 10 CAPM dan APT ........ Definisi CAPM ............... . Asumsi-asumsi Menggm Formulasi Model CAPM
Beta ............ ···..···....·····....··
Capital Market Line (Gw
Security Market Line (Go
Arbitrage Pricing Theoll
Diskusikanlah! ............... ..
Istilah Penting ................
Soal dan Jawaban ...........
Catatan Akhir ................ .
Bab 11 Risiko dan Imbal Ha
Definisi Risiko .............. . Definisi Imba! Hasil ....... Definisi Risiko dan 1mb Risiko Investasi.............. Expected Return ........... Sumber-sumber Risiko Risiko Sistematis, RiSik4 Aiternatif-alternatif Me Mengelola Risiko ........... Perhitungan Risiko ......, Perhitungan Expected 1 Perhitungan Keuntung: Menghitung Imbal Has Hubungan Karekteristi Karekteristik Risiko da Risk Free Lending and Portofolio Dua Saham Risiko dan Imbal Hast Dana Pinjaman Bersif: PergerakanAsetpada Pengambilan Keputus Istilah Penting ........... Kasus ......................... .. Diskusikanlah! .......... . Soal dan Jawab ..........
~estaSi: Teori dan Soal Jawab
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Diskusikanlah!....................................................................................................................... IstHah Penting ....................................................................................................................... Soal dan Jawaban .................................................................................................................. Catatan Akhir........................................................................................................................
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Bah 10 CAPM dan APT ..........................................................................................
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Definisi CAPM...................................................................................................................... Asumsi-asumsi Menggunakan CAPM .............................................................................. Formulasi Model CAPM ..................................................................................................... Beta......................................................................................................................................... Capital Market Line (Garis Pasar Modal) ......................................................................... Security Market Line (Garis Pasar Sekuritas) ..................... ................................ .............. Arbitrage Pricing 1heory (APT) ............... ............ ...... ....... ........................... ....... ............... Diskusikanlah!....................................................................................................................... Istilah Penting ... ....... ........... ....... .................... .......... ..................... ....... ............. ....... ....... ...... Soal dan Jawaban .................................................................................................................. Catatan Akhir........................................................................................................................
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Bah 11 Risiko dan Imhal Hasil.... .......... ............... ........ ........ .................. ........ ........
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Definisi Risiko ...................................................................................................................... Definisi Imbal Hasil.............................................................................................................. Definisi Risiko dan Imbal Hasil.......................................................................................... Risiko Investasi...................................................................................................................... 'Expected Return ................................................................................................................... Sumber-sumber Risiko yang Memengaruhi Besarnya Risiko Suatu Investasi ............. Risiko Sistematis, Risiko yang Tidak Sistimatis, dan Total Risiko ................................ Alternatif-alternatif Menghindari Risiko .......................................................................... Mengelola Risiko................................................................................................................... Perhitungan Risiko ............................................................................................................... Perhitungan Expected Return pada Satu Sekuritas.......................................................... Perhitungan Keuntungan yang Diharapkan pada Portofolio ......................................... Menghitung Imbal HasH dari Suatu Sekuritas yang Diharapkan ................................... Hubungan Karekteristik dengan Risiko dan Imbal Hasil.......................... ...................... Karekteristik Risiko dalam Konteks Nasabah di Perbankan........................................... Risk Free Lending and Borrowing Rate ............................................................................ . Portofolio Dua Saham dengan Expected Return dan Standar Deviasi yang Berbeda Risiko dan Imbal Hasil pada Tiga Sektor Bisnis yang Berbeda ..................................... . Dana Pinjaman Bersifat Linier dengan Expected Return .............................................. . Pergerakan Aset pada Risiko yang Semakin Tinggi... ..................................................... . Pengambilan Keputusan dalam Berbagai Kondisi ........................................................... Istilah Penting ..................................................................................................................... . Kasus ...................................................................................................................................... Diskusikanlah!...................................................................................................................... . Soal dan Jawab ..................................................................................................................... .
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Manajemen Investasi: Teori dan Soal Jawab
Catatan Akhir........................................................................................................................ Pengertian Pasar Efisien.......................................................................................................
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Bab 12 Pasar Efisien ... ........ .......... ........ ......... ...... ..... .... .... ......... ......... ......... ...........
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Hipotesis Pasar Efisien......................................................................................................... Syarat dan Situasi Pasar Efisien........................................................................................... Pendapat Jones, Fama, Ahmad Rodoni, dan Othman Yong tentang Pasar Efisien ..... Bentuk-bentuk Efisiensi Pasar ........................................................................................... Pengertian Efisiensi Pasar ....... ......... .............. ........... ............ ........ ..................... .................. Pasar Efisien dan Pasar Tidak Efisien dalam Perspektif Investor....... ............................ Peristiwa Ekonomi dan Politik yang Menyebabkan Investor Bereaksi ......................... Diskusikanlah!....................................................................................................................... Istilah Penting ............. ............. .................. .............. ......... ................. ......... ....... ....... ........... Soal dan Jawaban ......... ...... ..... .......... ............. ......... ....... ....... ............ ........ .......... .................. Catatan Akhir ............. ...... ..... ....................... ......... ....... ....... ............ ........ .......... ............. .......
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Bab 13 Valnta Asing ...............................................................................................
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Definisi Valuta Asing............................................................................................................ Definisi Risiko Valuta Asing................................................................................................ Persepsi Manajer Keuangan dalam Melihat Posisi Uang ................................................ Menghindari Risiko Valuta Asing ...................................................................................... Antisipasi Perusahaan dalam Menghadapi FluktuatifValuta Asing ............................. Keuntungan dan Kerugian Pergerakan Valas bagi Kinerja Keuangan Perusahaan..... Risiko Hot Money terhadap Kinerja Keuangan Perusahaan .......................................... Alasan Digunakan Mata Uang Dolar Amerika sebagai Kesepakatan
dalam Transaksi Bisnis .................................................................................................. Akibat dan Risiko yang Timbul pada Saat Dolar Amerika
Dipakai sebagai Media Transaksi Bisnis ..................................................................... Future Contract dan Options Contract sebagai Salah Satu
Cara Mengantisipasi Risiko Valas ................................................................................ Konsep Nilai Tukar (Exchange Rate Concept) dan Pengaruhnya
terhadap Kinerta Keuangan Perusahaan..................................................................... Pengaruh PerusahaaT\ ~kspor dan Impor yang Tidak Berkeinginan .......................... .
Menyimpan KeperciIikan Devisa Mata Uang Asing di Perbankan ......................... Penyebab Rentannya Nil~ Tukar Mata Uang Domestik terhadap Mata Uang Asing.... Istilah Penting ...................................................................................................................... Diskusikanlah!....................................................................................................................... Soal dan Jawaban ..................... ..... ......... ............ ...... ................. ...................... ........ .............. Catatan Akhir........................................................................................................................
Glosarium ... .......... ......... ......... ........... ......... ....... ... ........ ........ ........ ... ...... ... ...... ... ...... Daftar Pustaka......................................................................................................... Indeks ......................................................................................................................
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G-I
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