Setting the Investment Level,

2007 ◽  
pp. 85-108
Keyword(s):  
Investment Level

scholarly journals ARUS KAS, CASH HOLDING, KENDALA PENDANAAN DAN INVESTASI DI INDONESIA

AdBispreneur ◽  
2019 ◽  
Vol 3 (2) ◽  
pp. 169
Author(s):  
Risal Rinofah
Keyword(s):  
Cash Flow ◽  
Financial Constraints ◽  
Average Rate ◽  
Cash Flows ◽  
Cash Holding ◽  
Investment Level ◽  
Show Evidence ◽  
The Impact ◽  
A Company ◽  
Positive Effect

ABSTRACTThis study aims to detect Cash Flow, Cash Holding and Financial Constraints effect on investment decisions of companies in Indonesia. Some of the previous studies outside Indonesia show evidence of the impact of cash flows and financial constraints on it’s investment level.Using Multiple Regression and Logistic Regression model, on five years data observation shows that cash flow and cash holding have a positive effect on investment level. Interaction test shows the effect of cash flow on investment in financially constrained different from financially unconstrained companies. In other words, the average rate of investment changes caused by the level of cash flow is the same for both companies. While the effect of cash holding on investment, no different in the company that financially constraint and financially unconstraint company.The contribution of this research is to provide insight to the parties related to the importance of cash flow and cash holding to the investment of a company. Based on the results it can be concluded that companies that have cash flow and high cash holding have greater investment opportunities, especially in companies that have problems in finding sources of funding.   ABSTRAKPenelitian ini bertujuan untuk mendeteksi pengaruh Arus Kas, Cash Holding dan Kendala Finansial terhadap keputusan investasi perusahaan di Indonesia. Beberapa penelitian sebelumnya di luar Indonesia menunjukkan bukti ada pengaruh Arus Kas dan Kendala Keuangan pada tingkat investasi.Dengan menggunakan model Regresi Berganda dan Regresi Logistik, pada pengamatan data selama lima tahun menunjukkan bahwa Arus Kas dan Cash Holding berpengaruh positif terhadap tingkat investasi. Uji interaksi menunjukkan pengaruh Arus Kas terhadap investasi pada perusahaan yang mengalami kendala pendanaan berbeda dengan perusahaan yang tidak mengalami kendala pendanaan. Dengan kata lain, tingkat rata-rata perubahan investasi yang disebabkan oleh tingkat arus kas adalah sama untuk kedua perusahaan. Sedangkan pengaruh Cash Holding terhadap investasi, tidak berbeda pada perusahaan yang mengalami kendala pendanaan maupun tidak.Kontribusi dari penelitian ini adalah untuk memberikan wawasan kepada pihak-pihak yang terkait dengan pentingnya arus kas dan Cash Holding untuk investasi perusahaan. Berdasarkan hasil tersebut dapat disimpulkan bahwa perusahaan yang memiliki Arus Kas dan Cash Holding yang tinggi memiliki peluang investasi yang lebih besar, terutama pada perusahaan yang memiliki masalah dalam mencari sumber pendanaan. 

The Private Equity Critics and the Research

2020 ◽  
pp. 282-294
Author(s):  
John Gilligan ◽  
Mike Wright
Keyword(s):  
Private Equity ◽  
Investment Strategy ◽  
The Political ◽  
Political Environment ◽  
Strategy Analysis ◽  
Secondary Markets ◽  
Investment Level

This chapter explores the major criticisms levelled at the private equity sector. It clarifies some misrepresentations and myths in the light of experience over the evolution of the market and the weight of systematic evidence summarized in this book. It is important to distinguish between analysis at the fund level and at the level of the underlying individual investments. The majority of studies in the finance literature are at the fund level and discuss private equity as an investment strategy. Analysis at the investment level is often done by case study, which always risks creating general conclusions from specific examples. The chapter then looks at areas which are under-researched. These areas include performance and returns; deal structures; the private equity process; new and secondary markets; and the political environment.

scholarly journals Provincial Quality of Economic Growth: Measurements and Influencing Factors for China

2020 ◽  
Vol 12 (4) ◽  
pp. 1354
Author(s):  
Shaofeng Ru ◽  
Jiaqi Liu ◽  
Tonghui Wang ◽  
Guo Wei
Keyword(s):  
Economic Growth ◽  
Technological Change ◽  
Global Scale ◽  
Assessment Index ◽  
Investment Level ◽  
Central Regions ◽  
Assessment Index System ◽  
Factor Decomposition ◽  
Education Medical

An extended total factor productivity method is developed for measuring the quality of economic growth (QEG). Specifically, criteria for judging the QEG are first elaborated using endogenous economic growth theory, and subsequently, an assessment index system for evaluating QEG is constructed. In this system, the production factors primarily include labor, material capital, education, medical and health, environmental resource, and social security, while the output indexes comprise the gross domestic product (GDP), employment rate, income gap, and environmental pollution. In the empirical study, the directional distance function and Global Malmquist-Luenberger index are implemented to examine the QEG in China from 2000 to 2016 by provinces, regions, and factor decomposition, respectively. The global scale technological change and global pure technological change are the main sources for improving the QEG. The results also reveal a considerable widespread inefficiency and uneven development of the QEG. In general, from the eastern to western to central regions, the QEG becomes noticeably lower; The investment level is not only a driving force for economic growth, but also a source for boosting the QEG. These findings will provide a reference for China in adjusting relevant investments, ameliorating environmental conditions, and accomplishing the unity of quantity, quality, and efficiency in economic growth.

Impact of Resource Allocation Rules on Marketing Investment-Level Decisions and Profitability

1992 ◽  
Vol 29 (2) ◽  
pp. 162-175 ◽  
Author(s):  
Murali K. Mantrala ◽  
Prabhakant Sinha ◽  
Andris A. Zoltners
Keyword(s):  
Resource Allocation ◽  
Response Functions ◽  
Top Down ◽  
Allocation Rules ◽  
Response Data ◽  
Investment Level ◽  
Sales Response ◽  
The Impact ◽  
Allocation Decisions ◽  
Resource Allocation Decisions

In many organizations, marketing investment-level decisions precede the associated resource allocation decisions and are based on market-level sales response data, often with no attention to the impact of rules used to allocate resources to submarkets. Such top-down budgeting is commonly based on a perception that aggregate sales and profitability are affected much more by the level than by the allocation of the investment. The authors analyze the effects of different resource allocation rules assuming alternative specifications of submarket sales response functions and show that allocation decisions significantly influence aggregate sales response functions, investment-level decisions based on these functions, and realized profit. The authors also show aggregate sales and profit are usually more sensitive to improvements in allocation rules than to increases in investment levels and conclude that resource allocation decisions warrant more attention in marketing budgeting.

scholarly journals Decision Analysis of Advertising and Price for Bilateral Competing Supply Chain

2013 ◽  
Vol 2013 ◽  
pp. 1-7
Author(s):  
Cheng-Tang Zhang ◽  
Shan-Lin Yang
Keyword(s):  
Supply Chain ◽  
Decision Model ◽  
Prisoner's Dilemma ◽  
Prisoner’S Dilemma ◽  
Decision Models ◽  
Competition Intensity ◽  
Supply Chain System ◽  
Investment Level ◽  
First Mover Advantage ◽  
The Impact

The outcome of centralized equilibrium, prisoner's dilemma equilibrium, and decentralized equilibrium under different decision models has been provided with regards to bilateral competing supply chain system, either side of which is composed of one manufacturer and one retailer. Theoretical analysis indicates a positive correlation between price and one's own advertising investment level and a negative correlation between price and the opponent's advertising investment level. Through analysis of numerical examples, the results reveal a first mover advantage that leads to prisoner's dilemma in the system as well as the impact that price and advertising competition intensity has on the supply chain's choice of decision model.

scholarly journals A Study of Investors’ Attitude towards Mutual fund in Kathmandu City, Nepal

2018 ◽  
Vol 4 (1) ◽  
pp. 1-11
Author(s):  
Rajan Bilas Bajracharya
Keyword(s):  
Mutual Fund ◽  
Investment Decision ◽  
Regulatory Change ◽  
Private Companies ◽  
Investment Level ◽  
Small Investors ◽  
Policy Measures ◽  
Investment Tool ◽  
Different Sources ◽  
Structured Questionnaire

Mutual fund is an investment tool which assembles the savings of millions of small investors into huge capital formation. The primary goal behind investment in mutual fund is to earn goods return with comparatively low risk. The main purpose of doing this research is to find out a relationship between selected demographic and socioeconomic characteristics and investors’ attitude towards mutual. Another purpose of this research was to rank different sources investors use to make investment decision on the basis on their preference. By using Likert scale (0 to 1) and three levels (positive, neutral, negative) in structured questionnaire, researchers have measured the level of attitude towards mutual fund and levels of preference of sources are to investment decision. It is found that, the investors attitude is not independent towards mutual fund on the basis of demographic and socio economic variable (age, gender, monthly income, investment level, educational qualification). Also, among selected sources, investors provide their highest preference to Brokers/Agents to make investment. The study has suggested some important policy measures such as regulatory change, creating investors awareness, encouraging the private companies to raise fund through mutual fund.

scholarly journals Efficiency of the Public Pensions Funds on the Socially Responsible Equities of Mexico

2018 ◽  
Vol 11 (1) ◽  
pp. 178
Author(s):  
Oscar De la Torre-Torres ◽  
Evaristo Galeana-Figueroa ◽  
José Álvarez-García
Keyword(s):  
Investment Strategy ◽  
Pension Funds ◽  
Socially Responsible Investment ◽  
Socially Responsible ◽  
Responsible Investment ◽  
Risk Indices ◽  
Investment Level ◽  
Significant Difference ◽  
Time Periods ◽  
Mean Variance

In the present work, we test the mean-variance efficiency that Mexican public pension funds would have shown had these invested their local equity portfolio component only in socially responsible stocks. With a daily simulation (from 1 January 2005 to 31 July 2018) of the Standard & Poors (S&P) Mexico target risk indices, we found that there was no significant difference between the more conservative pension funds that invested only in the Price Index and Quotations (IPC) sustainable index against the ones that invested in the conventional IPC. In the case of the more aggressive type of pension funds (those with a higher Mexican equity investment level), a lower mean-variance efficiency would have been observed had these invested in the IPC sustainable index. We also found, with a two-regime Markov-switching analysis, that socially responsible investment would have been better for most of these pension funds during distress time periods. Even if our results do not give strong short-term proof for the use of a socially responsible investment strategy in the most aggressive pension funds, we found that the benefits will be observed in the long-term, due to a better performance during distress time periods and the lag effect of mid and small-cap stocks in the performance.

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