PENGARUH STRUKTUR KEPEMILIKAN TERHADAP KINERJA PERUSAHAAN (STUDI EMPIRIS PADA PERUSAHAAN LQ-45 2013-2015)

This study is conducted to analyze the effect of Ownership Structure of LQ-45 firms’ performance. Both Ownership structure which is represented by Institutional Ownership, Managerial Ownership and Foreign Ownership are independend variables, with Retun On Equity is used as a proxy for performance valuation. This study used secondary data that consist of annual financial reports obtained from the Indonesia Stock Exchange for the period 2013 to 2015, and the number of the samples are consisting of 23 LQ-45 companies listed on the Indonesia Stock Exchange. The method used is a Multiple Linier Regression and hypothesis test namely model feasibility test (F test) and partial test (T-test). The research proves that managerial ownership has significant impact on firms LQ-45 performance, meanwhile institutional ownership and foreign ownership have no significant impact on firms LQ-45 performance. Simultaneously, the three variables have a significant effect and contributed 22.54 percent to the firm’s performance in Indonesian Stock Exchange from 2013 to 2015, meanwhile the remaining 77,46 percent is influenced by other variables. Researcher suggests prolonging the research period, extending the sample criteria and doing a qualitative study on investor behavior in investing.

Business Performance Valuation and Value Creation

The globalization of the economy, the evolution of technology, and the increasing level of competition have imposed constant change to companies, namely on the continuous improvement of their functioning and organization, in the permanent updating of their products, and in the attitude towards the satisfaction of their customers. This pressure for change has led to the emergence of new approaches and management methods. One of these new approaches, called value management, is based on the concept of value, which translates a relationship between the satisfaction of a product or service and the resources necessary for its execution. This study presents the main tools for monitoring performance, highlighting the most expressive indicators of business performance. Before, however, brief reflection will be made on management oriented towards value creation.

PENILAIAN KINERJA MUTU PENDIDIKAN AGAMA ISLAM

Penilaian kinerja guru (PKG) dapat diartikan sebagai suatu upaya untuk memperoleh gambaran tentang pengetahuan, keterampilan, nilai dan sikap guru dalam melaksanakan tugas dan fungsinya, yang ditunjukkan dalam penampilan, perbuatan, dan prestasi kerjanya. Pendekatan penilaian diantaranya penilaian berfokus pegawai, penilaian berdasar perilaku, penilaian berdasar hasil yang dicapai, penilaian global. Hasil penilaian kinerja dapat digunakan oleh guru, kepala sekolah, dan pengawas untuk melakukan refleksi terkait dengan tugas dan fungsinya dalam rangka memberikan layanan kepada masyarakat.Tujuan penialaian kinerja kepala sekolah yaitu memperoleh data tentang pelaksanaan tugas pokok, fungsi dan tanggung jawab kepala sekolah dalam melaksanakan fungsifungsi manajerial dan supervisi/pengawasan pada sekolah yang dipimpinnya. Aspek yang dinilai dalam penilaian kinerja kepala sekolah mencakup tiga dimensi yakni komitmen terhadap tugas, pelaksanaan tugas, dan hasil kerja. Instrumen yang digunakan dalam penilaian kinerja adalah skala penilaian (rating scale). Kata Kunci: Kinerja, Pendidikan Agama Islam ABSTRACT Teachers evaluation (PKG) can be interpreted as an attempt to gain an overview of the knowledge, skills, values and attitudes of teachers in carrying out its duties and functions, shown in appearance, actions, and work performance. Valuation approaches including employee-focused assessment, behavior-based assessment, an assessment based on the results achieved, the global assessment. Performance evaluation results can be used by teachers, principals, and supervisors for reflection related to the duties and functions in order to provide services to society. Objective evaluation performance of the principal is to obtain data on the implementation of the basic tasks, functions and responsibilities of principals in carrying out the functions managerial and supervisory / oversight at the school. Aspect considered in the assessment of the performance of the principal includes three dimensions, namely commitment to the task, task execution, and results. Instrument used in the performance evaluation is the assessment scale (rating scale). Keyword: Work Performance, Islamic Education

YATIRIM FONU PERFORMANS DEĞERLEMESİNDE GÜNCEL YAKLAŞIMLAR VE TEFAS SONRASI DÖNEM İÇİN TÜRKİYE ÖNERİSİ

In recent years,number of mutual funds has shown a remarkable increase in Turkey. While the number and kind of mutual funds, which assess the collected funds on the basis of risk management, increases, it is becoming more important for investors to choose between several variety of funds. Especially after the activation of the Turkey Electronic Funds Exchange Platform (TEFAS) by Custody Bank and Central Registry Agency of Turkey in 2011/2015, mutual funds have becoma available for more effective use by individual investors. After the TEFAS platform which is enabling individual investors access high performing funds, the need of performance valuation studies which will contribute to making effective decisions between funds have been increased. Supporting mutual fund performanceand valuation issues with academic studies and gaining accessible information to system, will contribute to the healthy functioning of the fund market. For this reason, it is essential to apply the most appropriate performance valuation methods. In this work, the methods used in the performance measurement ofInvestment Fund Industry, data sets and periods of the studies in Turkey and the world are analyzed. From those analysis we try to discover the advantages/disadvantages of different approaches. Thus, arecent performance evaluation of investment funds traded on Turkey will be recommended.