Pengaruh Manajemen Aset Terhadap Tingkat Optimalitas Aset Tetap (Tanah) Pemerintah Provinsi Jambi

The purpose of this study was to analyze the effect of fixed asset management (land) belonging to the Jambi Provincial Government. A total of 46 sample respondents were taken in this study using purposive sampling method. Asset inventory, asset legal audit, asset valuation, and asset monitoring and control are the variables used in this study. From the results of the analysis using the Multiple Linear Regression test tool, it shows the results of an individual test that it is proven that asset inventory has a positive and significant effect on the optimality of fixed assets (land) which means that it matches the hypothesis, but individually legal audits of asset valuation, as well as asset monitoring and control not proven to have a positive and significant effect on the level of optimality of fixed assets (land) which means that it is not in accordance with the hypothesis, while the results simultaneously show that the four variables, namely asset inventory, asset legal audit, asset valuation, and asset monitoring and control, have a significant and positive effect. to the optimal level of fixed assets (land), the results are proven by the value of F-count > F-table.

TANGIBLE AND INTANGIBLE FACTORS INCORPORATED FOR INFRASTRUCTURE ASSET VALUATION

Infrastructure asset requires high building capacity for its operations. Its functions are also linked to other infrastructures. In this light, an asset’s uniqueness in its design, operations, stakeholders’ interest, and business growth affects its overall value. Therefore, valuation is a critical component of infrastructure assets. This is because specific components incorporate the approaches for valuing assets. This paper highlights the valuation method for infrastructure assets and identifies the tangible and intangible perspectives incorporated in infrastructure asset valuation. Thus, each tangible and intangible perspective were investigated and critically detailed in this paper. Identifying the tangible and intangible components in an asset is essential because it will affect the valuation methods that will be used to value the asset. Then, it will also be affected on the final value of the asset. The research findings are derived from a critical review of literature on tangible and intangible assets. This study adopted the qualitative approach, where a series of in-depth interviews were conducted with experts to get an insight into how these tangible and intangible perspectives influence asset valuation. This paper will enrich the current body of knowledge and benefit practitioners who could apply the study’s output to real practice.

Investor asset valuation under a wealth tax and a capital income tax

We study how a capital income tax and a wealth tax affect an investor's valuation of a company's stock in an efficient international capital market. Using a one-period model, a model of infinite horizon where the asset generates a future cash flow that is a martingale, and a finite horizon model where we abandon the martingale assumption, we find that a wealth tax and/or a capital income tax do not lead investors to value an investment differently from untaxed investors. Investors who seek a higher pre-tax rate of return due to capital taxes harm their own wealth.

SALE AND VALUATION OF A PART OF A BUSINESS UNIT IN THE IDENTIFICATION OF OPERATING ASSETS

The aim of this paper is to value a portion of a company which is able to turn a profit even after separation from the whole. The assets of the company are identified, which are operationally necessary for the further functioning of the valuated part as a separate accounting unit. The earnings and asset valuation methods are used to valuate the part of the company. The results of the market value of the company achieved using both methods are compared in the end and the reasons for the differences in the achieved results are stated. The difference in the results achieved by different valuation methods is due to modifications of the input data, which enter the calculation of the value of the company using the individual valuation methods used. The reason for these modifications is also explained.

Possibilities of mass valuation in land use in Hungary

Technological development makes it possible to simplify and accelerate decision-making processes by adequately processing and evaluating large volumes of data. Sub-data obtained from large data sets have a very important practical role in asset valuation, forecasting and valuing delineated or difficult-to-map areas, or in the context of portfolio management. Land valuation is a separate segment within asset valuation and it requires a specific methodological approach on behalf of evaluators. In this study, the authors compared the transaction data of arable land and the value of other land use categories. Based on empirical assessments, the authors developed proposals for the fast and cost-effective determination of the value of land use categories other than arable land - mainly meadows and pastures.

The Macroeconomics of Financial Speculation

I review the literature on financial speculation driven by belief disagreements from a macroeconomics perspective. To highlight unifying themes, I develop a stylized macroeconomic model that embeds several mechanisms. With short-selling constraints, speculation can generate overvaluation and speculative bubbles. Leverage can substantially inflate speculative bubbles, and leverage limits depend on perceived downside risks. Shifts in beliefs about downside tail scenarios can explain the emergence and the collapse of leveraged speculative bubbles. Speculative bubbles are related to rational bubbles, but they match better the empirical evidence on the predictability of asset returns. Even without short-selling constraints, speculation induces procyclical asset valuation. When speculation affects the price of aggregate assets, it also influences macroeconomic outcomes such as aggregate consumption, investment, and output. Speculation in the boom years reduces asset prices, aggregate demand, and output in the subsequent recession. Macroprudential policies that restrict speculation in the boom can improve macroeconomic stability and social welfare. Expected final online publication date for the Annual Review of Economics, Volume 13 is August 2021. Please see http://www.annualreviews.org/page/journal/pubdates for revised estimates.