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Winning investment strategy for venture development of Small and Medium Entreprise (SMES) in Indonesia in facing Asean Economic Community (AEC) 2015
Damayanti S.M.a, Cintyawati C.a, Utomo S.a
a School of Business and Management, Institut Teknologi Bandung, Indonesia
[vc_row][vc_column][vc_row_inner][vc_column_inner][vc_separator css=”.vc_custom_1624529070653{padding-top: 30px !important;padding-bottom: 30px !important;}”][/vc_column_inner][/vc_row_inner][vc_row_inner layout=”boxed”][vc_column_inner width=”3/4″ css=”.vc_custom_1624695412187{border-right-width: 1px !important;border-right-color: #dddddd !important;border-right-style: solid !important;border-radius: 1px !important;}”][vc_empty_space][megatron_heading title=”Abstract” size=”size-sm” text_align=”text-left”][vc_column_text]ASEAN Economic Community (AEC) 2015 was the realization of a free marketing Southeast Asia to enhance economic stability and solve the economic problems in ASEAN countries. AEC creates good opportunities for enterpreneurs to develop their business inASEAN countries, especially for Small and Medium Enterprises (SMEs) in Indonesia. Small and medium enterprises (SMEs) are those enterprises that employ not more than 250 employees and work on small scale (Jasra et al, 2011). Competitiveness and dynamism of SMEs could be improved by facilitating their access to manage their fund. There are SMEs just hold their cash without invest their money in some investment product. So, this cash can not generate profit for the SMEs. This paper are trying to see whether the earnings generated from the SMEs business in Indonesia can be enhanced certain specific investment strategy, such as through mutual funds. This study aimstogive options for the investors, especially SMEs in choosing the winning investment strategy. This study discuss three strategies such as Buy and Hold Strategy, Installment Plan Strategy, and Asset Allocation with Rebalancing Strategy. Three rebalancing process are applied, which is quarterly, semi-annually, and annually. This study use 30 equity mutual funds that still active from 2007-2008 to calculate the optimal portfolio using Solver Software. This study use Sharpe Method to calculate the portfolio return. This study use simulation to show the return obtained from the three investment strategies. The research result shows that strategic asset allocation with rebalancing strategy is considered best done by an investor. This finding can be used by the SMEs as a reference to invest in equity mutual funds to improve the profit to develop their business.[/vc_column_text][vc_empty_space][vc_separator css=”.vc_custom_1624528584150{padding-top: 25px !important;padding-bottom: 25px !important;}”][vc_empty_space][megatron_heading title=”Author keywords” size=”size-sm” text_align=”text-left”][vc_column_text][/vc_column_text][vc_empty_space][vc_separator css=”.vc_custom_1624528584150{padding-top: 25px !important;padding-bottom: 25px !important;}”][vc_empty_space][megatron_heading title=”Indexed keywords” size=”size-sm” text_align=”text-left”][vc_column_text]ASEAN Economic Community (AEC),Investment Strategy,SMEs,Venture Development[/vc_column_text][vc_empty_space][vc_separator css=”.vc_custom_1624528584150{padding-top: 25px !important;padding-bottom: 25px !important;}”][vc_empty_space][megatron_heading title=”Funding details” size=”size-sm” text_align=”text-left”][vc_column_text][/vc_column_text][vc_empty_space][vc_separator css=”.vc_custom_1624528584150{padding-top: 25px !important;padding-bottom: 25px !important;}”][vc_empty_space][megatron_heading title=”DOI” size=”size-sm” text_align=”text-left”][vc_column_text][/vc_column_text][/vc_column_inner][vc_column_inner width=”1/4″][vc_column_text]Widget Plumx[/vc_column_text][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row][vc_column][vc_separator css=”.vc_custom_1624528584150{padding-top: 25px !important;padding-bottom: 25px !important;}”][/vc_column][/vc_row]