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	<title>House of Unpublished Ideas</title>
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	<description>oleh Analis Independen FEUI</description>
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		<title>House of Unpublished Ideas</title>
		<link>http://andikasugiarto.wordpress.com</link>
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		<item>
		<title>Bluffy Bullish</title>
		<link>http://andikasugiarto.wordpress.com/2009/06/03/bluffy-bullish/</link>
		<comments>http://andikasugiarto.wordpress.com/2009/06/03/bluffy-bullish/#comments</comments>
		<pubDate>Wed, 03 Jun 2009 06:16:35 +0000</pubDate>
		<dc:creator>andikasugiarto</dc:creator>
				<category><![CDATA[Capital Market]]></category>

		<guid isPermaLink="false">http://andikasugiarto.wordpress.com/?p=149</guid>
		<description><![CDATA[Setelah pasar saham bergerak rally dalam tempo satu bulan terakhir dengan kencangnya, ternyata dapat menjadi bumerang apabila kita tidak waspada. Gelagat koreksi besar di pasar saham dapat diketahui lebih dini, terlebih dengan keluarnya data MSCI (Morgan Stanley Capital Index) pada emerging market yang menunjukkan penurunan yang cukup tajam hingga 1,4% dalam sehari.  Yang tepat ditunjukkan [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=andikasugiarto.wordpress.com&amp;blog=3483966&amp;post=149&amp;subd=andikasugiarto&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>2</slash:comments>
	
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			<media:title type="html">Ndika</media:title>
		</media:content>

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			<media:title type="html">Bull Vs Bear</media:title>
		</media:content>
	</item>
		<item>
		<title>Random walk, capital market efficiency and predicting stock returns for Hong kong Exchanges and Clearing Limited</title>
		<link>http://andikasugiarto.wordpress.com/2009/05/30/random-walk-capital-market-efficiency-and-predicting-stock-returns-for-hong-kong-exchanges-and-clearing-limited-2/</link>
		<comments>http://andikasugiarto.wordpress.com/2009/05/30/random-walk-capital-market-efficiency-and-predicting-stock-returns-for-hong-kong-exchanges-and-clearing-limited-2/#comments</comments>
		<pubDate>Sat, 30 May 2009 09:31:02 +0000</pubDate>
		<dc:creator>andikasugiarto</dc:creator>
				<category><![CDATA[Review jurnal Finance]]></category>

		<guid isPermaLink="false">http://andikasugiarto.wordpress.com/?p=144</guid>
		<description><![CDATA[Abstraksi : Untuk mempelajari bahwa capital market efficiency karena hasilnya menunjukkan bahwa time series dapat diprediksi . Metodologi : efisien market hipotesis dalam weak form Kegunaan paper ini adalah untuk mengklarifikasi eksistensi dari karakteristik time series daily stock prices dari securities marketed di hong kong. Isu penting adalah analisis empirical dari time series untuk menentukan [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=andikasugiarto.wordpress.com&amp;blog=3483966&amp;post=144&amp;subd=andikasugiarto&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	
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			<media:title type="html">Ndika</media:title>
		</media:content>
	</item>
		<item>
		<title>Random walk, capital market efficiency and predicting stock returns for Hong kong Exchanges and Clearing Limited</title>
		<link>http://andikasugiarto.wordpress.com/2009/05/30/random-walk-capital-market-efficiency-and-predicting-stock-returns-for-hong-kong-exchanges-and-clearing-limited/</link>
		<comments>http://andikasugiarto.wordpress.com/2009/05/30/random-walk-capital-market-efficiency-and-predicting-stock-returns-for-hong-kong-exchanges-and-clearing-limited/#comments</comments>
		<pubDate>Sat, 30 May 2009 09:28:54 +0000</pubDate>
		<dc:creator>andikasugiarto</dc:creator>
				<category><![CDATA[Review jurnal Finance]]></category>

		<guid isPermaLink="false">http://andikasugiarto.wordpress.com/2009/05/30/random-walk-capital-market-efficiency-and-predicting-stock-returns-for-hong-kong-exchanges-and-clearing-limited/</guid>
		<description><![CDATA[Abstraksi : Untuk mempelajari bahwa capital market efficiency karena hasilnya menunjukkan bahwa time series dapat diprediksi . Metodologi : efisien market hipotesis dalam weak form Kegunaan paper ini adalah untuk mengklarifikasi eksistensi dari karakteristik time series daily stock prices dari securities marketed di hong kong. Isu penting adalah analisis empirical dari time series untuk menentukan [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=andikasugiarto.wordpress.com&amp;blog=3483966&amp;post=143&amp;subd=andikasugiarto&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	
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			<media:title type="html">Ndika</media:title>
		</media:content>
	</item>
		<item>
		<title>January effect</title>
		<link>http://andikasugiarto.wordpress.com/2009/05/30/january-effect/</link>
		<comments>http://andikasugiarto.wordpress.com/2009/05/30/january-effect/#comments</comments>
		<pubDate>Sat, 30 May 2009 09:24:30 +0000</pubDate>
		<dc:creator>andikasugiarto</dc:creator>
				<category><![CDATA[Review jurnal Finance]]></category>

		<guid isPermaLink="false">http://andikasugiarto.wordpress.com/?p=140</guid>
		<description><![CDATA[Review Jurnal: Rate of return yang tinggi secara tidak normal dalam small cap stock return continu untuk diobservasi selama bulan januari. Januri effect dalam small cap stock return adalah secara konsisten menunjukkan hasil yang lebih baik dibandingan waktu lain dan tidak menunjukkan bahwa hasil tersebut telah dipengaruhi oleh penerimaan dalam tax reform act (1986). Penemuan [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=andikasugiarto.wordpress.com&amp;blog=3483966&amp;post=140&amp;subd=andikasugiarto&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	
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			<media:title type="html">Ndika</media:title>
		</media:content>
	</item>
		<item>
		<title>Jurnal “Testing Market Efficiency for Different Market Capitalization Funds” Hossein Varamini &amp; Svetlana Kalash</title>
		<link>http://andikasugiarto.wordpress.com/2009/05/30/jurnal-%e2%80%9ctesting-market-efficiency-for-different-market-capitalization-funds%e2%80%9d-hossein-varamini-svetlana-kalash/</link>
		<comments>http://andikasugiarto.wordpress.com/2009/05/30/jurnal-%e2%80%9ctesting-market-efficiency-for-different-market-capitalization-funds%e2%80%9d-hossein-varamini-svetlana-kalash/#comments</comments>
		<pubDate>Sat, 30 May 2009 09:22:57 +0000</pubDate>
		<dc:creator>andikasugiarto</dc:creator>
				<category><![CDATA[Review jurnal Finance]]></category>

		<guid isPermaLink="false">http://andikasugiarto.wordpress.com/?p=138</guid>
		<description><![CDATA[Review Studi ini bertujuan melakukan test penggunaan sharpe rasio untuk menjelaskan efficient market hypothesis untuk tiap kapitalisasi pasar dan gaya investasi pada reksadana. Hasil dari studi dari periode 1994-1997 dengan menjadi 2 periode 1994-1999 dan 2000-2007 mengindikasikan bahwa small cap funds memberikan highest risk adjusted return untuk masing-masing periode mengingat pertumbuhan funds mengalami penurunan return. [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=andikasugiarto.wordpress.com&amp;blog=3483966&amp;post=138&amp;subd=andikasugiarto&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	
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			<media:title type="html">Ndika</media:title>
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	</item>
		<item>
		<title>Jurnal “Arbitrage Pricing Theory and Utility Stock Returns” by Dorothy H. Bower, Richard S. Bower, and Dennis E. Logue”</title>
		<link>http://andikasugiarto.wordpress.com/2009/05/30/jurnal-%e2%80%9carbitrage-pricing-theory-and-utility-stock-returns%e2%80%9d-by-dorothy-h-bower-richard-s-bower-and-dennis-e-logue%e2%80%9d/</link>
		<comments>http://andikasugiarto.wordpress.com/2009/05/30/jurnal-%e2%80%9carbitrage-pricing-theory-and-utility-stock-returns%e2%80%9d-by-dorothy-h-bower-richard-s-bower-and-dennis-e-logue%e2%80%9d/#comments</comments>
		<pubDate>Sat, 30 May 2009 09:19:44 +0000</pubDate>
		<dc:creator>andikasugiarto</dc:creator>
				<category><![CDATA[Review jurnal Finance]]></category>

		<guid isPermaLink="false">http://andikasugiarto.wordpress.com/?p=136</guid>
		<description><![CDATA[Jurnal ini menyajikan beberapa pembuktian baru bahwa APT memberikan perkiraan expected return yang berbeda dan lebih baik daripada CAPM, khususnya dalam kasus utility stock returns. Hasil dari return portfolio bulanan untuk 1971-1979 menyimpulkan bahwa regulator seharusnya tidak mengadopsi pendekatan single-factor risk dari CAPM sebagai ukuran utama dari risiko, tetapi memberikan porsi yang lebih besar terhadap [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=andikasugiarto.wordpress.com&amp;blog=3483966&amp;post=136&amp;subd=andikasugiarto&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	
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			<media:title type="html">Ndika</media:title>
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		<title>APT Jurnal “The Arbitrage Pricing Theory: Is it Testable?” Jay Shanken</title>
		<link>http://andikasugiarto.wordpress.com/2009/05/30/apt-jurnal-%e2%80%9cthe-arbitrage-pricing-theory-is-it-testable%e2%80%9d-jay-shanken-2/</link>
		<comments>http://andikasugiarto.wordpress.com/2009/05/30/apt-jurnal-%e2%80%9cthe-arbitrage-pricing-theory-is-it-testable%e2%80%9d-jay-shanken-2/#comments</comments>
		<pubDate>Sat, 30 May 2009 09:17:03 +0000</pubDate>
		<dc:creator>andikasugiarto</dc:creator>
				<category><![CDATA[Review jurnal Finance]]></category>

		<guid isPermaLink="false">http://andikasugiarto.wordpress.com/?p=134</guid>
		<description><![CDATA[Jurnal ini memberikan pandangan bahwa Arbitrage Pricing Theory (APT) pada dasarnya lebih mungkin untuk pembuktian empiris daripada Capital Asset Pricing Model (CAPM). Formulasi yang biasa dari penerapan APT yang dapat diuji ditunjukkan sebagai sesuatu yang tidak cukup, karena itu menghalangi perbedaan return yang sangat diharapkan yang mana dijelaskan oleh teori tersebut. Keseimbangan kompetitif ekstensi saat [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=andikasugiarto.wordpress.com&amp;blog=3483966&amp;post=134&amp;subd=andikasugiarto&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	
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			<media:title type="html">Ndika</media:title>
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		<title>CAPM The Capital Asset Pricing Model:Theory and Evidence (FF 2002)</title>
		<link>http://andikasugiarto.wordpress.com/2009/05/30/capm-the-capital-asset-pricing-modeltheory-and-evidence-ff-2002/</link>
		<comments>http://andikasugiarto.wordpress.com/2009/05/30/capm-the-capital-asset-pricing-modeltheory-and-evidence-ff-2002/#comments</comments>
		<pubDate>Sat, 30 May 2009 08:38:42 +0000</pubDate>
		<dc:creator>andikasugiarto</dc:creator>
				<category><![CDATA[Review jurnal Finance]]></category>

		<guid isPermaLink="false">http://andikasugiarto.wordpress.com/?p=115</guid>
		<description><![CDATA[Daya tarik CAPM adalah dengan memberikan prediksi dan intuisi yang powerful yang mampu mengukur resiko dalam kaitannya dengan expected return. Namun banyak hal dalam CAPM yang sulit dinyatakan dalam dunia nyata karena CAPM mengasumsikan hanya satu sumber systematic risk: Market Risk. Systematic risk: (1) Tidak dapat didiversifikasikan (2) Dapat di-hedge (3) Dalam keseimbangan hal ini [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=andikasugiarto.wordpress.com&amp;blog=3483966&amp;post=115&amp;subd=andikasugiarto&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	
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			<media:title type="html">Ndika</media:title>
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		<item>
		<title>Jurnal Stock return &amp; Beta, firm size : E/P, CF/P, book to market, sales growth : evidence from singapore and malaysia</title>
		<link>http://andikasugiarto.wordpress.com/2009/05/30/jurnal-stock-return-beta-firm-size-ep-cfp-book-to-market-sales-growth-evidence-from-singapore-and-malaysia/</link>
		<comments>http://andikasugiarto.wordpress.com/2009/05/30/jurnal-stock-return-beta-firm-size-ep-cfp-book-to-market-sales-growth-evidence-from-singapore-and-malaysia/#comments</comments>
		<pubDate>Sat, 30 May 2009 08:33:34 +0000</pubDate>
		<dc:creator>andikasugiarto</dc:creator>
				<category><![CDATA[Review jurnal Finance]]></category>

		<guid isPermaLink="false">http://andikasugiarto.wordpress.com/?p=112</guid>
		<description><![CDATA[Review: Dengan menggunakan data dari bursa saham singapura dan malaysia, menunjukkan bahwa terdapat hubungan antara stock return dengan beta, size, E/P, CF/P, book to market dan sales growth. Terdapat anomali dalam emerging market. Hal ini menunjukkan conditional relationship antara beta dan stock returns dari kedua negara. Terdapat hubungan positif yang signifikan dengan positif market excees [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=andikasugiarto.wordpress.com&amp;blog=3483966&amp;post=112&amp;subd=andikasugiarto&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	
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			<media:title type="html">Ndika</media:title>
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		<title>BETA Beta and returns revisited Evidence from the German stock market (Elsas et al 2002)</title>
		<link>http://andikasugiarto.wordpress.com/2009/05/30/beta-beta-and-returns-revisited-evidence-from-the-german-stock-market-elsas-et-al-2002/</link>
		<comments>http://andikasugiarto.wordpress.com/2009/05/30/beta-beta-and-returns-revisited-evidence-from-the-german-stock-market-elsas-et-al-2002/#comments</comments>
		<pubDate>Sat, 30 May 2009 08:28:03 +0000</pubDate>
		<dc:creator>andikasugiarto</dc:creator>
				<category><![CDATA[Review jurnal Finance]]></category>

		<guid isPermaLink="false">http://andikasugiarto.wordpress.com/?p=109</guid>
		<description><![CDATA[Jurnal ini secara empiris memberikan paparan bahwa dalam bursa saham jerman terdapat hubungan yang signifikan antara beta dan return. Jurnal ini ada karena kegagalan studi sebelumnya yang sejenis yang gagal mengidentifikasi adanya kemungkinan hubungan karena rata-rata market risk premium dalam periode sample yang mendekati nol. Studi terakhir yang berhubungan dengan studi pada jurnal ini adalah [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=andikasugiarto.wordpress.com&amp;blog=3483966&amp;post=109&amp;subd=andikasugiarto&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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			<media:title type="html">Ndika</media:title>
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