TEORI INVESTASI

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TEORI INVESTASI

  1. 1. a form of asset accumulation with an expectation of future benefit Definition of Also called investment orInvestment capital formation which is a second component that determines the level of aggregate expenditure. Can be defined as expenditure or shopping or venture-capital investment company to purchase capital goods and the tools they need to add the ability to produce goods and services are available in the economy
  2. 2. Investment Securities Products an instrument of ownership form that can be transferred in the form of securities, stocks / bonds, evidence of debt (Promissory Notes), interest or participation in a collective agreement (mutual funds), the right to buy a stock (Rights), guarantees to buy the stock at future or that the instrument can be traded.
  3. 3. autonomous investmentThe functionof investment Induced Investment.
  4. 4. land investment Types of educationInvestment investment investments in shares
  5. 5. DECISION TO INVEST R>i Investment R<i R=i• If R > i then the company will invest• If R < i then the decision is taken not to hold an investment company.• If R = i then the company can implement some investment or not depends on the future economic prospects.
  6. 6. Rate of ReturnDescription: M = value of capital investedY1, Y2, Y3 = net income (profit) earned from year 1 to year n R = the return on capital
  7. 7. Production Assessment Method• Payback Period• Benefit/Cash Ratio• Net Present Value• Internal Rate of Return
  8. 8. Benefit Method and cost rasio This method is used to evaluate the feasibility project by comparing the total benefits of the total costs have been discounted to the year basis by using the discount rate (discount rate) during the plan year. This method there are two formula is:• Net Benefit Cost Ratio (Net B/C) Net B/C• Gross Benefit Cost Ratio (Gross B/C) Gross B/C
  9. 9. The meaning of the NPV calculation for investment decisions to be made​​. If… It means… Then…NPV > 0 the investment would add value to the project may be accepted the firmNPV < 0 the investment would subtract the project should be rejected value from the firmNPV = 0 the investment would neither gain We should be indifferent in the nor lose value for the firm decision whether to accept or reject the project. This project adds no monetary value. Decision should be based on other criteria, e.g. strategic positioning or other factors not explicitly included in the calculation.
  10. 10. Advantages and Disadvantages of the NPV method : Advantages of NPV Method Disadvantage of NPV Methoda) Tells whether the investment will a) Requires an estimate of the cost of increase his firm’s value capital in order to calculate theb) Considers the time value of money net present valuec) Considers all the cash flow b) With the NPV method, thed) Considers the risk of future cash disadvantage is that the project flow (through the cost of capital) size is not measured. c) Degree of feasibility is not only affected by cash flow, but also is affected by the age of project economically d) Expressed in terms of dollars, not as percentage
  11. 11. Expected Rate of Return Investment costs Marginal Efficiency of Capital (MEC) Marginal Efficiency of Investment (MEI)Factors Affecting Investment Interest Rate Expenditures Forecast future condition Changes and technological developments Level of national income and its changes The company achieved profits
  12. 12. Present Value Calculation Methods and Investment DecisionsThe advantage of investing in the percentageof r is also called the marginal efficiency ofinvestment (MEI = r)MEI = The results is expected = R =r Price of capital goods C
  13. 13. Marginal Efficiency of Investment (MEI)
  14. 14. Marginal Efficiency of Capital (MEC), Investment and Interest RatesInvestment Plan Funding is needed (in The expected rate of billions of rupiah) return (MEC) (in percent / year)chemical industry 3000 35textile industry 2500 31food industry 1750 24Agriculture industry 1000 20Light Industry 750 15
  15. 15. Relation of MEC and Investment Relation diagrams of MEC and Investment Plan353025 Relation diagrams of MEC and Investment Plan20151050 3000 2500 1750 1000 750
  16. 16. Relation of MEC and MEI
  17. 17. Thank you for your attention 

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