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Posts by ahmadmaulinnaufa [Suspended]
Name: Ahmad Maulin Naufa
Joined: Nov 21, 2016
Last Post: Dec 28, 2016
Threads: 4
Posts: 7  
From: Indonesia
School: Universitas Gadjah Mada Indonesia

Displayed posts: 11
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ahmadmaulinnaufa   
Dec 12, 2016
Research Papers / Comparing Foreign Ownership, Return Volatility, Volume, and Risk Among ASEAN Countries [4]

Abstract



The finance research regarding the stock is interesting to explore, especially in the stock. The issue of this research is foreign ownership, the differences among researcher findings upon the influence of foreign ownership effect on return volatility are still found. On the one side, foreign ownership increases return volatility while on the other side it might decrease, but there are also some who find that it does not affect anything. The same thing happens with volume and fundamental risk. The aims of this research are to test the effect of foreign ownership on return volatility, volume and risk of stock in ASEAN countries.

The significance of this topic is important to test, whether the foreign ownership gives the benefits or losses in ASEAN countries Stocks. The research outcomes are expected to gain empirical evidence about foreign ownership effect, could be used to understand the developing research in the same field, and become the one of consideration source in capital market policy making.

Keyword: foreign ownership, return volatility, volume, risk.
ahmadmaulinnaufa   
Dec 13, 2016
Research Papers / Comparing Foreign Ownership, Return Volatility, Volume, and Risk Among ASEAN Countries [4]

How about this miss,

Revision #1

The finance research regarding the stock is interesting to explore, especially in the ownership of stock. The issue of this research is foreign ownership, the differences among researcher findings upon the influence of foreign ownership effect on return volatility are still found. On the one side, foreign ownership increases return volatility while on the other side it might decrease, but there are also some who find that it does not affect anything. The same thing happens with volume and fundamental risk.

The aims of this research are to test the effect of foreign ownership on return volatility, volume and risk of stock in ASEAN countries. Using regression analysis according to Vo (2015) particularly generalized least square would be conducted to test the relationship among variables, therefore it will would be examined secondary data from 900 stocks of nine countries, Indonesia, Malaysia, Thailand, Philippine, Singapore, Vietnam, Laos, Myanmar, and Cambodia.

The significance of this topic is important to test, whether the foreign ...

Keyword: foreign ownership, return volatility, volume, risk.

Please a new thread in a new topic!
ahmadmaulinnaufa   
Dec 25, 2016
Undergraduate / Thrill interspersed with some doubts - CSID application [4]

I do apologize if my suggestion may inappropriate due to lack of writing skill ability.

1. Last sentence in the first paragraph (I've never dealt with anything like this before). I guess that it would be better if you did not use contraction "I've" being "I have" for essay as formal writing

2. first sentence in the second (Initially I wanted to visit the slum areas twice a month and spend the weekend getting to know their lives) for past moment you have to use verb 2 "spend" becomes "spent"

3. spend again maybe
ahmadmaulinnaufa   
Dec 27, 2016
Letters / Doctoral Program at Birmingham Website Application - Letter to supervisor candidate [4]

Dear all, please give me any corrections or suggestions......

candidate professor in the university - letter contact



Dear Professor,

Excuse me, I do apologize if I less polite to contact Professor by this mail, let me introduce myself, my name is Ahmad Maulin Naufa, I was graduated from Master of Science (Financial Major), Faculty of Economics and Business, Universitas Gadjah Mada, Indonesia.

I am applying Doctoral Program at Birmingham Website Application. Beside that, I supposed that I have to contact candidate professor in the university in order to discuss research proposal if you may interest, then I see Professor with an advanced financial knowledge particularly the stock market. I do interested in your publications in several top tier journals.

Therefore, I would like to enhance my previous research (Indonesia evidence becomes ASEAN countries), related with ownership but specifically in foreign ownership. By the title "Comparing foreign ownership on the stock, volatility return, volume, and risk of stock among ASEAN countries", I believed that you are the best Professor who could help me to conduct my research and study there. May I ask you to be candidate Professor, at least give me any suggestions? I do hope I could forward this email with my resume and proposal research.

Thank you
ahmadmaulinnaufa   
Dec 28, 2016
Graduate / ASEAN. Has the foreign ownership the effect of return volatility, trading volume and risk of stock? [NEW]

Research Proposal, to pursue Ph.D (Body)

Introduction and Literature Review



The change of return (volatility) surely can be influenced by many factors, one of those factors is ownership of the stocks. Ownership of stock can be composed of domestic and foreign investors. Vo (2015) said that's foreign can play the role in stabilization and monitor about risk. Foreign also influence the trading volume because of the stock that they have attracted another investor to own (spillover effect) (Agarwall, et al. 2009). Dissimilarity findings among researchers still happen in this field. Foreign has a negative relation (decreasing) with return volatility, because of plays in governance, risk sharing, monitoring, stabilization, and proper financial decision making (Li, et al. 2011; Pambudi and Smyth, 2008; Ang, 2010; and Solnik, 1974). In the one side, foreign ownership has a positive relation (increasing) return volatility because the foreign's stock is easier to influence by global risks. Several prior research found that foreign ownership did not impact to return volatility (Bekaert and Harvey, 1997; De Santis and Imrohoroglu, 1994; Kim and Singal, 2000). The research about a relationship between the foreign ownership and return volatility also happened to volume and risk. The research about foreign many researchers did on the stock return (Dvorak, 2005; Agarwall, et al. 2009), but limited research about return volatility.

The research question is whether the foreign ownership has the effect of return volatility, trading volume and risk of stock in ASEAN countries. Research benefits hopefully can give an empirical contribution about foreign ownership effect to return volatility, volume and risk. This research can also be used for being a reference to understand developing research in the same field. The contribution policy that is expected to give the picture the influence of foreign ownership to return volatility, volume and risks could become one of the considerations the preparation of regulations foreign ownership of in the capital market. For manager give the evidence empirical to be used as consideration in company decision making

Research Method



We used panel data in accordance Li et al. (2011). Sampling methods using purposive sampling (at least three times exist index), the samples obtained from ASEAN countries Capital Market (Indonesia, Malaysia, Thailand, Philipina, Singapore, Vietnam, Laos, Myanmar, and Kambodia) and elected 500 sample company during 2011-2015. The Analysis using regression (ordinary least square and generalized least square) with Eviews 8.0.



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ahmadmaulinnaufa   
Dec 28, 2016
Graduate / Apply to get many knowledges, supervisions, materials, networkings, tools, and methodologies [2]

My name is Ahmad Maulin Naufa, I graduated from Universitas Gadjah Mada Yogyakarta Indonesia, I got Master of Science in Management (M. Sc) on April, 2016 with the fastest time in my department (1 Year 7 Months), and GPA 3.57. My prior study was Universitas Diponegoro Semarang Indonesia, Bachelor of Animal Science and Agriculture, particularly Nutrition and Feed, the GPA 3.27. Although taking nonlinear field, I supposed I would prefer to study in The Business Management, rather than in The Husbandry Field. In addition, management practically could be implemented on the various subjects, I taught the effectiveness and the efficiency in both of them.

I have worked in some small business such as Pasteurized Milk Farming in Faculty of Animal Agriculture, Universitas Diponegoro as Distributor. Then, I moved to Cassava Cracker Business with the same position. The following job was teacher in the courses, which taught students in the Junior School until Senior High School. The Next, I become laboratory assistant in The Laboratory of Nutrition and Feed, following by becoming an assistant of The Head of Animal Husbandry Department. The last, I created and run a start-up business-UNDIP OJEG-which serves many services such as ojeg (pick someone from a place to other places by motorcycle), rent a motorcycle, travelling, delivering foods and goods, teaching of riding motorcycle, and buying ticket. That business serves 24 hours, the riders are male and female who are students at University from various faculties, now the drivers are 60. The business is running up to the present. I felt enjoy, I realized that my passion is business, therefore choosing business as my choice.

My previous research in my Bachelor was "Relative Weight of Digestive Organs in Kedu Chicken was Influenced by Different Level of Protein". Moreover, my research in Master program was "Foreign Ownership, Return Volatility, Volume, and Risk of Stock in Indonesia".

I want to learn about business management and my career goal is business, particularly becoming lecturer in Business Department in the University. Therefore I applied in some of universities in Indonesia, but I could not be accepted, perhaps the reason was I did not have linear degrees both my Bachelor Degree and Master Degree. The regulation from Minister which regulated minimum requirement becoming a lecturer is having 2 linear degrees, so I have to get Ph. D Degree in Management by studying in Doctoral Program particularly at Birmingham. The other reasons are I would like to enhance my previous subject from Indonesia to ASEAN countries, publishing my paper to one of Top Tier Journal, and getting advanced knowledge from Professor / Supervisor from another country.

I guess if I accepted in Ph. D, I would get many knowledges, supervisions, materials, networkings, tools, and methodologies which will help me to enhance my thesis master subject, to be published in Top Journal, and to make myself suitable as a Lecturer with Doctoral Honor.

The research subject I want to learn more is Financial Management, that is The Stock, particulary how The Relationship of Foreign Ownership to The Performances of Stock, including The Volatility of Return, The Volume, and The Risks. It would be better if I will observe not only in Indonesia, but also in ASEAN Countries. The finance research regarding the stock is interesting to explore, especially in the stock. The issue of this research is foreign ownership, the differences among researcher findings upon the influence of foreign ownership effect on volatility return are still found. On one side, foreign ownership increases volatility returns while on the other side it might decrease, but there are also some who find that it does not affect anything. The same thing happens with volume and fundamental risk. The aims of this research are to test the effect of foreign ownership on volatility return, volume and risk of stock in ASEAN countries. The significance of this topic is important to test, whether the foreign ownership gives the benefits or loss in ASEAN countries Stocks. The research outcomes are expected to gain empirical information about foreign ownership effect, could be used to understand developing research in the same field, and become the one of consideration source in capital market policy making.

The underlined reason is my previous research especially Master Thesis was closely related to the area of research interest, but more specific to foreign ownership, volatility return, risk, and volume in the Indonesian Stock. It was just focused on one country, which has particular regulation. The basic idea comes from after globalization opening market has influenced Capital Market in Indonesia to be opened to foreign ownership, whether it might bring positive or negative impact on the stock performance or risk, so I tested on the volatility return, risk, and volume as independent

variables.
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