DAFTAR PUSTAKA
Administrator. 2013. Arah Kebijakan Kementrian BUMN. Artikel [online]. Tersedia : http://bumn.go.id/halaman/132/Arah.Kebijakan. Dakses pada Juni, 2013. Administrator. 2013. Indeks Harfindahl. Artikel [online]. Tersedia : http://kamusbisnis.com/arti/indeks-herfindahl/. Diakses pada September, 2013. Administrator. 2011. Program Penciutan BUMN Tak Berjalan. Artikel [online]. Tersedia: http://www.neraca.co.id/article/6902/Program-PenciutanBUMN--Tak-Berjalan. Dakses pada Juni, 2013. Antique, Syahid latif. 2010. Daftar BUMN Paling Rugi Tahun 2010. Artikel [online]. Tersedia : http://bisnis.news.viva.co.id/news/read/196859-bumnmana-paling-rugi-2010-. Diakses pada Juni, 2013. Aivazian, V., Qiu, J., and Rahaman, M. (2010). Corporate Diversification and The "More-Money"Effect. Working Paper, University of Toronto, McMaster University, Saint Mary’s University. Anthony, R., and V.Govindarajan. 2000. Management Control System. Irwin McGrawHill, tenth edition. Baker, Richard et.al. 2010. Akuntansi Keuangan Lanjutan. Buku 1. Jakarta: Salemba Empat. Berger, P. G., and Ofek, E. 1995. Diversification's Effect on Firm Value. Journal of Financial Economics, 37, 39-65. Bettis, R.A. and V. Mahajan, 1985. Risk/Return Performance of Diversification Firms. Management Science. Vol.31. No.7. pp.785-799. Billett, M. T. and Mauer, D. C. (2003). Cross-Subsidies, External Financing Constraints, and The Contribution of The Internal Capital Market to Firm Value. Review of Financial Studies,16 (4): 1167 – 1201. Bodnar, G., C. Tang., and J. Weintrop. 1998. Both Sides of Corporate Diversification: The Value Impacts of Geographic and Industrial Diversification.http://papers.ssrn.com/sol3/papers.cfm?abstract_id=217869 Barney, J. B. 2002. Gaining and Sustaining Competitive Advantage. New Jersey: Prentice Hall International.
79
Capron L. and J. Hulland, 1999. Redeployment of Brand, Sales Forces and General Marketing Management Expertise Following Horizontal Acquisitions: A Resource-based View. Journal of Marketing. Vol.63. April, pp.41-54. Chandler, A.D., 1977, The Visible Hand. Belknap Press, Cambridge, MA. Chatterjee, S., and B. Wernerfelt. 1991. The link between resources and type of diversification:Theory and evidence, Strategic Management. Journal 12. 33-48. Chen, S.S., & Kim Wai Ho. 2000. Corporate Diversification, Ownership Structure, and Firm Value: The Singapore Evidence. International Review of Financial Analysis. 9. 315-326. Claessens, S., Simeon Djankov, J.P.H. Fan, Larry H.P. Lang. 2001. The Benefit and Cost of internal Markets: Evidence from Asia’s Financial Crisis. Center for Economic Institutions Working Paper Series, No.2001-15. Comment, R., dan Jarrell, G. A. 1995. Corporate Focus and Stock Returns. Journal of Financial Economics. 37. 67-87. Coulter, M., 2002. Strategic Management in Action. Second Edition. New Jersey: Prentice-Hall. Dierickx, I. and K. Cool, 1989. Asset Stock Accumulation and Sustainability of Competitive Advantage. Management Science. Vol.35, pp.88-108. Feby Dwi Sutianto. 2012. Jajaran BUMN Dengan Rugi Paling Besar. Artikel [online]. Tersedia: http://us.finance.detik.com/read/2012/07/18/090202/1968003/4/2/jajaranbumn-dengan-rugi-paling-besar. Diakses pada Juni, 2013. Fleisher, C.S and B.E. Bensoussan, 2003. Strategic and Competitive Analysis: Methods and Techniques for Analysis Business Competition. New York: Prentice-Hall, Englewood Cliffs. Gertner, R. H., Scharfstein, D. S., dan Stein, J. C. 1994. Internal versus external capital markets. Quarterly Journal of Economics, 109(4):1211 – 1230. Ghozali, I. 2001. Analisis Multivanate dengan program SPSS. Edisi ke 2. universitas Diponegoro. Grant, R.M., 2002. Contemporary Strategic Analysis, 4th Ed., Oxford: Blackwell. Gujarati, Damodar. 2006. Dasar-Dasar Ekonometrika.Jakarta: Erlangga.
80
Hanazaki, M., and Qun Liu. 2003. The Asian Crisis and Corporate Governance: Ownership Structure, Debt Financing, and Corporate Diversification. Center for Economic Institutions Working Paper Series. No 2003-18. Hansen dan Mowen. 2001. Manajemen Biaya. Buku II. Penerbit Salemba Empat. Jakarta. Harrison, J.S., 2003. Strategic Management of Resources and Relationships. New York: John Wiley & Sons. Harto, Puji. 2005. Kebijakan Diversifikasi Perusahaan Dan Pengaruhnya terhadap Kinerja: Studi Empiris Pada Perusahaan Publik Di Indonesia. Simposium Nasional Akuntansi VIII Solo: 297-307. Helfat, C.E. and M.A. Peteraf, 2002. The Dynamic Resource-Based View: Capability Lifecycles. Working Paper. No.03-08. Hill, Charles W. L. 1985. Diversified Growth and Competition: The Experience of Twelve Large UK Firms. Applied Economics. 7. 827-47. Hitt, Michael A., R. Duane Ireland dan Robert E. Hoskisson. 1997. Manajemen Strategis: Menyongsong Era Persaingan Bebas dan Globalisasi (terjemahan Armand Hediyanto ) Jakarta: Erlangga. Ikatan Akuntan Indonesia. 2009. Pernyataan Standar Akuntansi Keuangan: Investasi Pada Entitas Asosiasi. Jakarta: Dewan Standar Akuntansi Keuangan. _________. Pernyataan Standar Akuntansi Keuangan: Laporan Keuangan Konsolidasi dan Tersendiri. Jakarta: Dewan Standar Akuntansi Keuangan. _________. Pernyataan Standar Akuntansi Keuangan: Segmen Operasi. Jakarta: Dewan Standar Akuntansi Keuangan. Indriantoro, dan Supomo, 2002.Metodologi Penelitian Bisnis untuk Akuntansi dan Manajemen. Edisi Pertama. BPFE-Yogyakarta. Yogyakarta. Jandik, T & A.K., Makhija. 2005. Can Diversification Create Value? Evidence from the Electric Utility Industry. Financial Management Journal. Spring. 61-93. Jensen, M.1986. Agency Costs of Free Cash Flow, Corporate Finance and Takeovers. American Economic Review 76, 323– 329. _________.1993. The Modern Industrial Revolution, Exit, and the Failure of InternalControl System. Journal of Finance. 48. 831-880. Jensen, M., and W. Meckling. 1976. The theory of the firm: Managerial Behavior, Agency Costs, and Ownership Structure. Journal of Financial Economics, 3, 305-60. 81
Kuncoro, Mudrajat. 2001. Metode Kuantitatif : Teori dan Aplikasi untuk Bisnis dan Ekonomi. Yogyakarta : UPP-AMP YKPN. Kuppuswamy, V. and Villalonga, B. (2010). Does Diversification Create Value in The Presence of External Financing Constraints? Evidence From The 2007 - 2009 Financial Crisis. Working Paper, Harvard Business School Finance. Lang, L.H.P., and R.E. Stulz. 1994. Tobin’s Q, Corporate Diversification and Firm Performance. Journal of Political Economy. Vol. 102, No.6, 12481280. Li, Mingfang and Yim-Yu Wong. 2003. Diversification and Economic Performance: An Empirical Assessment of Chinese Firms. Asian Pacific journal of Management, 20, 243-265. Maksimovic, V. and Phillips, G. (2007). Conglomerate Firms and Internal Capital Markets.Handbook of Corporate Finance: Empirical Corporate Finance, edited by B. Espen Eckbo.North-Holland, Elsevier, 1st edition. Michael Agustinus. 2012. Enam Belas BUMN Mencatat Kerugian Rp. 1,5 Triliun. Artikel [online]. Tersedia : http://m.sindonews.com/read/701543/34/201216-bumn-catat-kerugian-rp1-5-t. Dakses pada Juni, 2013. Montgomery,C.A and Wernerfelt.1988. Diversification, Ricardian Rents and Tobin’s q. Rand Journal of Economics, 623-632. Montgomery, C.A. 1994. Corporate Diversification. Journal of Economic Perspective. Vol.8, No.3. 162-178. Morck, Randall, and Bernard Yeung. 1998. Why Investors Sometimes Value Size and Diversification: The Internalization Theory on Synergy. Working paper. Institute for Financial Research. University of Alberta. Morck, R., A. Shleifer and R. Vishny. 1988. Management Ownership and Market Valuation: An Empirical Analysis. Journal of Financial Economic. 20: 293-315. Mueller, Dennis C. 1969. A Theory of Conglomerate Mergers. Quarterly Journal of Economics, 83, 643-59. Mulyadi. 2001. Akuntansi Manajemen: Konsep, Manfaat dan Rekayasa.Edisi ke 3. Jakarta: Salemba Empat. Peteraf, M.A., 1993. The Cornerstones of Competitive Advantage: a ResourceBased View. Strategic Management Journal. Vol.14. pp.179-191.
82
Republik Indonesia. Undang-Undang No. 19 Tahun 2003 tentang Badan Usaha Milik Negara. http://bpjsketenagakerjaan.go.id/content_file/undangundang_no_19_tahun _2003_tentang_badan_usaha_milik_negara.pdf Rumelt, R.P., 1974, Strategy, Structure and Economic Performance. Division of Research, Harvard Business School, Boston, MA. _________.1991. How Much does Industry Matter? Strategic Management Journal, Vol.12, No.3, pp.167-185. Sekaran, U., 2007. Research Methods for Business, New York: John Willey and Sons, Inc. Shleifer, A. and Vishny, R. W. (1989). Management Entrenchment: The Case of Manager -Specific Investments. Journal of Financial Economics, 25 (1) :123 – 139. Stein, J. C. 1997. Internal Capital Markets and The Competition for Corporate Resources. Journal of Finance, 52(1):111 – 133. Stultz. 1990. Managerial Discretion and Optimal Financing Policies, Journal of Financial Economics, 26, 3-27. Sugiyono. 2012. Memahami Penelitian Kulaitati. Bandung: Alfabeta. Supriyono .1990. Manajemen Yogyakarta.
Strategi
&
Kebijaksanaan
Bisnis.
BPFE-
Umar, Husein, 2002, Metode Riset Bisnis, PT.Gramedia Pustaka Utama, Jakarta. Wernerfelt, B., 1984. A Resource-Based View of the Firm, Strategic Management Journal, Vol.5, pp.171-180. Weston, J. 1970. The Nature and Significance of Conglomerate Firms. St. John’s Law Review, 44, 66-80. Wheelen, T.L. and J. David Hunger, 2002. Strategic Management and Business Policy. Eighth Edition, New Jersey: Prentice-Hall. Zulganef. 2008. Metode Penelitian Sosial dan Bisnis. Edisi Pertama. Yogyakarta: Graha Ilmu.
83
