EVALUASI PENYERTAAN PT "X" PADA SEBUAH PERUSAHAAN PABRIK TEPUK TAPIOKA DAN GAPLEK SURABAYA Repository - UNAIR REPOSITORY

  m t m m . t m x m m i p .t. mz*

  pad*

  c z a m f& m m tM

  PAL82K fOTBO TAPXOKA DIB CUPISK GS&t&SA

  t a m m i

  fidslstott HllBTlfllinl daft iSBttOhl £y*nrt»«jrarat Orta* Ifeasapa* 0«l«r

  Sarjana UccaaO, JUttJtwn PmwuHue

  O l a t i i t k

  a p

  

s s l h m m

  Ko.Tokok *

  2 1 2 ? //.M v e z a z x i c t c c s i csxvn am a axsl^ sqa aam sx*

  1977

  qe^ratavift C«!:«a» M I H K ^ ^ *EK^USTAKAAN

  • UNiypRSlTAS AIRLANGGA”
    • ADLN PERPUSTAKAAN UNIVERSITAS AIRLANGGA

  S U R A B A Y A ( 0*s#t3s» CooUt s g ' iJi.lrVi l aj

ADLN PERPUSTAKAAN UNIVERSITAS AIRLANGGA

  b a g m

  B lsss ater

ADLN PERPUSTAKAAN UNIVERSITAS AIRLANGGA

  O tOfMI

  BaMt O llll

  w tim

  te s t H n£aslli don pfoj«y«o*

  b m tttm

  41 j* :u a ALUh"

  ( n u n AU*h> 1 1

  M

  1 K PERPUSTAKAAN ■TJNIVERSITAS AIRLA NOGA'

  S U R A B A V \ i i i

ADLN PERPUSTAKAAN UNIVERSITAS AIRLANGGA

  

K#2A P Z Z JZ 3&

DesZttS rct a a t t u t o j Xaaj cafta sea e sy t U c b coa t * aya fct fi peayaeaa im tca ccayoaocTltw n ctaOi. pa

  3 a p a sa it a s

  

Paw sTt ca iv a rclt a o A lr lc ^ c a , itfsaeacayo ia ra ca a Pszruosb*

GSt#

  C

  3 t c 3 ce x cu fci csfcsalca qrorat-cyarafc ycng d it t a j ib

  

t e a csbo&ca csnoTpch e j lca d a lca ceacastai e e la r CorJssw «

  03 Eaass= i psda ffoSaaltoa O cn ca ® U,TOrsS,fca» M .rleRC t fccai ccajroco c s rip d aca^cn jts&U. «

  • •m w ta sa p z x a s & a wa sct

  p*sr* »i« we* sn 3 ku ca A3 p j o k s r a s o t m n o A o a o u ^ a 5 3 4 3 4 14 * .

  

P cslU t ca j a d a l I sS tlo&aS. ccfcsgai colch c s ta porU e:I pasi

p a y n c a dalea e ssa>af> y a a j <ttftfirtapi cac?crs^ at# afcucus »

tq?3 t c j l p ereesfesa o y c a j c 2 c a c e a g aOr^a a pcajroffcaaa p sto >

p ew o ccia a n l o i n . CTaittSoi y=

  3 ff t cpa t Calaa t ia l i a i caea ccaeatuttca elSc? - jre c karoo d ia ^ U p lsg lc srt

  fig saaS pojpcrtcaa fccrcafcat tc>at eats& flitcasattsfrsa ataa* d c e tp a i ti<3eS* csroy-.lnn pc*=3D3lefc=3 utcca dales in i. S a le s pcsSchscaxnya pcsyacsa tcX aiaa jawla at^ea f Sosaei» tlnya «s* fcuSon. fcorcstl csp =2 l i l a fcaran^ pcattez*

  tJadw pcnjrttcsrea cSrlpsl in i U fia afcca fcMfcaeH -

  

d c c c n f c ilr ta c ^ a M R iic z a a * fcan taan , t o r j a cca a d a r t jd >

D e i la ls *

  

19

  • ». plaplaan/ataf p .t . dim

  tag* tsx cln ta.

  Eaba Pcnsaoih dan Penya •

  

Z enz

  HOnya kapada Allah

  atoa ecgala baatuennya, balk b«mtpa blaMnaan* feuiiab, aa ren , doraajan, tfoa asapun fn e illta * yang san*at penyusur** perlufcnn bokcn birya terfcata* aaapal tercu eumya eisripai- lo i nsean lcblh d a rl it» yens tak dapa« d in lla l daogan * apapun joga,

  C upofo*,

  7« Haton-rcitan eejavat, eabaalmm prairtofc kerja pada* Registered t-ublto tcacuntfm ts, Baalnesa Concultaat aad neoearob uDra«'o»G.

  6» 8dr« R aall, aoia^u c re d it Analyet pado salah cafca* Beck di Surabaya*

  f t

  On tuk tto pada kaaw pataa Sal pcrfcanaakanlab panyuaun d*» neon fceoadaron b a ti dan tu lu a Ikblaa aapyottpal fcaa raea t<

  Ayah, ib a, pap* i t s dan tan to aarta koluarta

  %

  Pabrlk Tapeng Taplofea dan rfcplak d i S u r a b a y a . .

  p . t .

  3* Cra»Ec*a* ectpoyo, Akuntan, KaiH| miaku plmplnm * Registered PabUo Accountant#, cucln**a Conm ltant and Raaaarcfa "Br*«Ee»::* eapoyo".

  2* cojjeaap Coro Cskoiah Oatar* 8 .ft. P ., 3.K.A. dan - Ctaf Pcaijajsr Patmltaa Ekoocal U ni*«aitaa Aix>iang ga yaaa taloft o*ab«rl daeav paieatabuan*

  kasib yans aodale B*<tala&nya kcpada « 1. Era* Qr<K. Socbarto* Mlaka dooan paablcblng.

  v im

  

ADLN PERPUSTAKAAN UNIVERSITAS AIRLANGGA

v

ADLN PERPUSTAKAAN UNIVERSITAS AIRLANGGA

  

f t a g ia a lo h pmesfama b sM ta i k i*

  oohcn, s«eaga s te a ls dm

  m s * r t* ta ls s s tm

  ZWBspsft nsiaa*rCan som«, nesatpatisa » c s * l a0Q83n w l i n ?«•

  £fchitnya, pecjrasoa eebogal «ana rta ss&ab te a ta t t •

  dck te rle ? sa d a rl * ifa t ta ra c j SMporoa* Swraca itu peoya-

  m s a r S m

  css & ecaa s ^ a la fcera Oatan &ati feriti&-krltdLk -

  msn-mgta Cst i at pibax Can sa ra o -seY sa can ag a r s t t r lp s i •» l a l l«Mfc fc o jc a tfc st fcagl a c a w ltfits u

js& s

  PWJCJM^

ADLN PERPUSTAKAAN UNIVERSITAS AIRLANGGA

  m m m io x

  HaloEUta

  i ft AT A PC!*0&?«7iSR *##♦ ♦ ****##*#**•#**#*♦ *##«*#♦ * #*»##

  o m i u ««*««***•..»•**«*»*********.***«.,*.,» v ii

  I X 1* JfcdQl C&*ipsi

  a« 41ot^n jftc&libon Ju3u l « *••#***#»•*•**» %

  3* FGtiytt2UQ3fi **•*#»«»*#«*#«««*#«•* J

  km

  probXcsutiita *

  k

  9* Eipotos® Korja .*»••••#*•*»««*****##**«

  6* wCOpO PCGb3h3t52lB W

  7* Conboy £Ett& $

  0# Hd&odQliOcl Eorjo **••#«■****#**•*••***« $ D A D t 9* ci^tic^tlkA c&rlpai * • * * • * * « « *

  6

  

   P€&C«rUa3

  X* Invcaw&t

  

2 * co eb cr <Jnaa in to r n . . ##««*#«##*#*•«#«9*

  18 3« Gafeaa Poraaabssa ............................. . SO

  30 W. DlviCea lo ltcy ••••« •.« .•* •••..* * •* * * •• %

  36 l-ctfcodo Pcailaioa I&vcetaol

  I I

  • (1*4; a w a an n : P .7 . “a" ................ . *»7

  ty?

  X# £2353 <2430 LrQ>2QjtC3fiS- £« fcraxtolca »5crucobi3D »

  S i

  3* ncao-^m Xnveatasi P.Y* "Z* *•».*■«••■•»

  

v i i

ADLN PERPUSTAKAAN UNIVERSITAS AIRLANGGA

  i E a D A B

  X a o a n

o e » a c p t u s c i c o i s c x u x & z s s u a p . 2 » p a •

  H I .

  s a n i m p o s e s m a & i i o c c a m o k 5 5 1 . C a o a d a n O r e a n i & a a l * * * * * * * • # » * • » * * * * * # • » 5 5 5 3

  62

3 * aepcis citcotal t o s s r tlll don pexwnjcnnan..

h t flgpe

  S f ln a s s ill . *•«***#*»#*# t**#***##*#«

  

c t a u j a c x H r s r a s a c j p . t . » x « p a d a p . t . i » 4 5 a iK

  17*

  S E P O ^ i th P lQ & m DAB 0 A PU 3 C &0 HA3 « A 7 1

  1* D rolusd Rencana ltabut«lnn Invootasl p»?» Z S c s c o a s c a e fc f l e w P * t . patH O i* l o p u a j j T « j? i • P a tw rilr 7 cpuja$r T a p lo i t a d a a o a p l c i 7 X ( A

  • d s a G a p l« *

  7 *

  3* Proycfcti tia£lar raci &sa leba p*?*pabri&» ^sylokoi dto C&9 X&4& «*#•****«*■ »** *

  83

%# p e a i l a l f t O t c r t w t f a p p c a y c r t o c a ? • ? « " X " d a

l o o n e n c s a a i n f c s t a e l t >,T* r - f c r l i t ? c ? u a 2 *

  9 Tapioca dan caplcs *<•*»******•*«# + **« * * $ S*»

  5* Fcnraroh pcnyefta^a »>.?. "®“ otas p.T» pa &?J& f cpans Taplola dan GaplcS •••■•••••# 111

  

V. s rc u ’puiiin **««••»**••*•*••••• u jf

  cat c a h ? ^ •••.

  1*-Eceiqpai&a U S

  2* C?TS&»ff373S »*•»*»*•««•***••#»***#•••**•• 131

  K 7 3 . YAXA£I * « * » * * * « « » g * • • * * • * • • d l i f t

  oap?an

  • v i t t

ADLN PERPUSTAKAAN UNIVERSITAS AIRLANGGA

  v m m t a b e j *

  tAKX * EaltM a

  Pecabalna

  I t ropunc S^ploto 41 Jttfo Slfsuy **«#

  63

  

2» OspCflft ?d$tc&<k Oaa ficpleU # *5

  3» ncneooa cacti Plow p«?« PabrlK Scpo&s fapio*

  81

  

a o n cm a to io ir a n dan Pcs& ayaran B ess* Er© *

  <Jiti iQVCGt^oi. £3£& (If(MllM t*»«>MIHrr*»4

  82

  5m

  Prcffcfcal Da*tar Ituci <lau toba p*£* Pabrilt *

  £cpaag Topioto tan Capic-t **«*•*###•*•*#«*# 8$ 6* roastopuoan Afcttva fotsp »#*««•*•**»«*♦ *#»• 93 7# Paytaea porloa pcoycrtoin p»

  2 * n « m«mm# 9$ Q . P i l o l tim a i H ot C"£& In flo w p c a jo fta a n P*7* *3t" Pads P * f# Pabrifc Stepuos TaploJta <la» pick nt8k<L9«l9«]( i « 17 # ** 9*«t*lll 100 9* a u a i tunai r.*t Cash I& nw P.t* *X* (Sari -

  I k if

  fesaH pcnyortaan aottik 1 • #*»*•«••#*• 109

  M I L 1 R

  PERPUSTAKAAN

  • UN1VERSITAS AIRLANGGA’

  S U R A B A Y A

i s

ADLN PERPUSTAKAAN UNIVERSITAS AIRLANGGA

  P B B D 4 0 U I . U A 3

  • • e t s w i m urn c z v z a p z s s m u

  

ftw e w p.r* **** pasa

m p s z s m t m m * o m gapusx T3CE0 gohjoaxa*.

  CSAah

  cseajwli dassv hldbp fcaci ggnAaata flatus m la to nwopctbam fcsaSasaaya ttsanOi oaotu tia s s a t tecailaKmm

  jm ag

  ItfaUi tin cfil <*ari ysn»« talsb dtntiw atl o ^ v k s ,

  mnepweHefoac&sn

  U se U<U& t«t*p padt k*aO«ao teo&Xa* ttwre

  1

  6

  2

  » l£c& afcaa p ats ticc&s fcaoll yeas di$croic i M saracs *

  &* »

  4 « 1 cats fci&ng oiaiia *aia Can akaa t«top terasa&a acaa 4 t0 a s « l p e sse ta ta n £53 ycajalccaa yaaj dte3UUkle »

  • cncari <l«o ®etsi*patiiaa fcldang uoaft* lo tn M la la l p erttetsasan C*36*a * * iih * t pros?c*ajra tUcasa <l*taag jraaf

  lm *

  • jiaa **E&erikca teesafcunraa cs*A cc*«fca fi*o aaajaraiaS

  im jm

  jraas te r lib a t lragsaaf? «*apea ti<I*k dwv^aa u tth a « te rseb u t.

  c m

  EColai t*07*njr peasaoinc cusslklrkaa basaiaaa* » *

  cya <iaas=n tt^an soccer u£a^» U w il Olsata liatlnjra «2uta • agagcrolch Bwfaor kaiutp fceoarf caka Co.ztSa.aa fu lalab bagi Beehswm aSan m al ttiritao fcajaiaaaa aeadaya guaabaa <2ana -

  m

  » fm g ta r gc lta , cecara eflotcn Ccn dales ossha

  

1

ADLN PERPUSTAKAAN UNIVERSITAS AIRLANGGA

  a

  &2os%at&3D taBsate o raagra daa dalan a r t l Itiaa l i n t sc rta * fcarparfclalpasi dalaa pcafcacenaa dacsan ccBgcrafcaaa t o w yesa dlr4MM ta£aa eats* taiaan fccaicsfelf ta p i Jost*a da

  I m naa&a *iar#sl*ai.

  £tas dausas* paatsiraa lnUoJi dan &#t«lab naU bat -

  j s x z

  fcdnra fg re s ia si dalaa sa&tc* inaa*tjrt em aajsoc p* * ninjfeatca prodafcci pssjca ccrapa£s» cniab sata aaaoa suite B3taagi3a» ccndorcnc jri^iivca P.T. *x* ataa dasa* p tr n ta 4ota <3ev*» tsesisaris cntnij iSa& aestft dalaa aadal cate* -

  p tz lltl& n

  eslsseb pcm a-Tcrj aeacao p?oj?8i »?atrlU feptsg* T«£U&a Caa caplei* cansaajra*

  S?#T* «x* ad aids sabsaa pcra&aliaan Q pttdlai na »

  aU» espsl ta a t ss&mc pcracafcaaa toapat p* njrartaaa berg«3e& dolro bcrfcsjai cacao in sect?* , -ICan* » p«dcjan£sn Can tltfsns trsnC rS ftasl Cba Q j^c& sl. pregrafc- pabrlJt tepong Tapioks dsa topics adal&h aerepalasj inw ctta

  «& fczra d l P>J<

  casa it a t carta daloa scHal «hasraf»« Kawea Junloh d«z» y s c toysadla balsa emct&nj& » daa e a v ia c a t bataia prayci d s lc b ?cte3«£i dalaa prayok - p rio rlta a golcncca B yajtn tora^soi s e tte r te-lasif! ?a»c» eeaoaje&fi pcnlirtm tsn p rc ic ic t pcs^aa cz£a <!U»ro£yia baa to m fcrcdlt d a rt Lack* d l cssp lts ao4ai cc sU rl bcrupa so

  

dal ccSaa <21 eaaa ccbagisa crtsp cisa pesycrtaaa ?.?• “S®*

  Sacao i&lls!t ycna ccaarla perlsaftias fc&ai dto acadorcog k*

  essyaccn 1 st Ccarca jodal i

  a l d rrtp ai

ADLN PERPUSTAKAAN UNIVERSITAS AIRLANGGA

  • • v t w o A a i m x s t & m i p * u « x * p a d .* e o s j i c r p a n s ® * . J

  A3 g.xaig t^FuZO JAPXtHU 043 GAT1SX OTttilSlJI**

  3 * i ^ a j a y a ^ a n *

  7

  ». es*asiffas&an ontu* mwnaria * *rat-*jraT#t

  jri®# 41w&jlt&an wfeaim acngepah a iia n gan* * p*i to l* ? caries* nrooart yada JWcaUa# nronara £tel « « rsite s AltOe&sca* m

  • m b s

  4 fc» K«*& *ri e a a ia ro a p n u t l a ta a ta n s I s m i t e c i ««► * b saaio eS acn y e d w g s a c « o rlf M bag& i « » b « a s tt jmh&-

  9 begSm

  &lr*a fcaci am asdburaa (Investor) kfcuaaaaya P .? . »**» c . ucae^snaaa fcatapo peatin^nya tvaltutal tovbada? ma»

  7*03 o r z t exa a

  t a la v e c ta tl tercapci pcaagoaasa te r w i l l escara «X«itU Ceagaa sc»Urisgr» a&sa msosUn tots t l c t t a t IteaeaHttran psro pesUUt* **•. g«ia«w t*»ra.

  aOmlah

  WctTca PaSrtk Sopaaa SapSoka 4aa caplcS awta

  7

  $£xao l s c s u « i fcsra d i nsna 7«S* «X»» Ifcot c«rt* dalaa a» rcsasal cfc&ncya odaWht abolish lav estcai dalaa *<#ial sa &=3 etaa jraac d to x a l ae&aeai "iOjCJSiJAiS" toj-&*S«t ta *

  apaZuto

  ( t t , atea <I«agan pcrkatasa la in socara b ^ irtifa afco M I l T k

  KRPUSTAKAAN "UNIVERS1TAS A1RLANQGA*

  S UR A B A Y A

  %

cesio pcnycrtsso taracfca* txacentoasSioa Jilca dltandia-iica

fla ;c 3 altcT cativo im ragfcrst da3U:a paracsftsaa scsdiri* »

fisaach dttcaa ears in i tajaca pcruc^iaaa antc& e a sa U to -

oito» a ca cscsan cian 4 = 3 7=33 tcrscd ia ccsasa c fio ic s - dca d ta x tlf tcTec^Ql* S * S l r ^ n r x . K w J . - '. *

  iCTostaoi daica ccdai ccfcsa coK onica calab cata * tcatolj ic ^ c a ta si, ycajr bcysyfci pcndaya c c sx a dsaa dca^ca bsrcpaa cSsa cssb ariteJ fcacli diaaoa c&ca 4 sta as.

  Clots^ e s g a i pfida casta Ccputacss ditcr£=a a£aa t i daS diicttca&sSaa csafta t o « a a in v o stasi, dipcrlaSua peed, ttivca dca aaal i ca tcrlctxth ddbtOiu tibnya caraloasi y csj tc^ at a ta s pcspartaaa -

  "X° p sia P*?. Fabritc scpaaa sapigxa daa Gapl£s te® «aa4 - dra cc^t o Kiicsttscnya dea^ca altcrnatlsfo Sawcefcxa* daicc** pctaocJisca c sc d lri, d i casa .feaoil yeas dibavcgtea tigaggaa bsfitsa fa ta of ratu K i Icblfa ticcr-i d w i altcvaat&vo love*, ccat be?c*ti F.?« "X* fccifcacJZ c c sa fc a ts c a t e a

  7 0

  s di* ciiittiayo* Csfcalitsya tciftlifo sn daloa craiu csl i d oeao-

  

8 ©?s£Sa» fcedcfit&as cir^Hssa dan cc^baacaifcca harc?ca pa­

  ra pc»33sac ocian yeas ccactercsSna fticeSiafc ItcssSawaa • ycaa icM b

  tto & iU

ADLN PERPUSTAKAAN UNIVERSITAS AIRLANGGA f Q&euSt w c ilo l

  

mnata p c x sfa rta m

  "X" daa ?«T* paterik 2*?ua* tapictw dan OAplafc Cafcso fcatarancsa Ju«a fcesA jKurolcft d a d «£00IS2S^

  PERPUSTAKAAN "UNIVERSITAS A

  8 * t i a t r t o l c c i S s s r if t & & £ 3 p & t r e t & a a i ) c ^ r t ; » s i l a i & & si e c t a t p l b c H £ a t i M I L I K

  «* 81a » pariadastrteo prtiptasl i s m fS s m *

  4a»

  \ m *-

  4 so a cca o r a a a s* e « c. m m o ? & m m bays, feag Jus* c-rapakan t«syat Kami pi-aimd*

  ccx a isa ssa

  Vmtm

  dajwt dillhaE Sari* babwapa «#3«* •upei or e*al <-***» a*?«ls

  « .

  Rslaa aaafca etsspsroldi ssralaail y scj te^ at S iberia te a data daa tejiaa batofoacra-'i yea« fc«aa* darl fUMfe—* yang tcpat# Coaa tojpcrioaa twsafcyt data dm fea&n fc«i*raae*a» de.T& t

  ? * f a w b g g j f o t a -

  Pes&Jtaaaa dalaa rftcftpsi i a l alsss t s s l t&tlfe baratt ksa p»5o a«p«t jwotelaiaaaany* (aatmk fjrw nam > .

  e u tU l, daa aspcS jwsiiaslaajft^snagre*

  a«?eii to -

  U £ n i* f

  1 RLANGGA" S U R A B A Y A

ADLN PERPUSTAKAAN UNIVERSITAS AIRLANGGA

  • palan Sata ta c r ttis da^a fcaae-bsga llts r a tu r

  tQ lsh dlixsyaX Ssaii

  rX panyccasoa sJtrijsi*

  l*cnya*icn cSrSpsl c&Ocb cercpaSca tindsa ica^ st 6a

  rkrX ytit*

  dapatsaa p crco tajtm d s rl dosca pccbicblcg, «• Fcayajian

  Oarl t a s i l saalisa dleuocn feonsop <&rlpo& untoli m b

  d« pcajmeoton s&rfjtsl*

  UOt dioloh 4 m <ttanallsa.

  Cona scscei&ssa casalab ecrscbafc, dat8/fc*terarj$an -

  yang

  d a sa r d a b y 'feo tcrcszsa

  Atco

  tftfeean, to llc tia , ealalah tininH - %• ?ea*ate*a $robl«aa*

  ttc p tt^

  CXbaSapX* P eapm

  Jxtkesgca desgaa gczasalafcaa yang

  g una o o c a ^ ill^ a data/Uetovaaccn jw oStis yens b«p»

  c« gcsas3gai.su &ttq/i£aters=caa« DUaStSsa p u jo littsa ?a &a psmaateaaa fcoresccSaftsa *

  • > tnllaJi <tasi u.-.oaaUlui paaasalobcn yoaa tiitedapi • pcwasabaso* c* pcscolotesn data*

  g g . ^ ^ ^ g ^ j a B s v C&sUcatika f iir lf il kaol cataa «tbagol borikat > ADLN PERPUSTAKAAN UNIVERSITAS AIRLANGGA

ADLN PERPUSTAKAAN UNIVERSITAS AIRLANGGA

  7

a k m kaaS.

  Dalas fe»b i d uratkan aaoara t* o rlti» teiw ais pengw ttaa oeua S a m ta s i dea bsiK»fa».

  E7« dsansn lxarasiasi dalaa nodal aaUa*, «ub&«*<- daaa, whan pero8ate»» (corj>orate «6oe&) fang -

  pm

  ncU pati eao aHMciitt s a b » fate dca &swajlbaa

  meeana catena,

  n ila l-o ila i safcaa, Dlfictca policy m b Uotcd* p c n ila ia a liiv o tta s i.

  I I * i a t t i a M a . . C T a a . . r « g i r „ <gB?» isah m m

  » Saioa i a l *&ia ftaai kecufcaten secwra

  i a s k c w b w i p c p a e s - S ja u i, p e r s o d s s i o Q , C m n c u B i

  tavoctatsl psToesfcaaa t**s*buft»

  • ***> n i * g a i a L j r a & t t A J W t t i ^ ^ g a i n a s f f «

    DWHt.

  DI olfii Rl'»n (ra d kesaSra£&n d ata {HKftttlS P.T* *

  Ps&rtfc lasraa* ?ap*e*« dsa Gapici yo&g e&aa B all

  p o ti t * O K ta d m a r g e n t c c £ l .

  • G r a i n t t i r ^ f e e t a s p c i t e n n i s *

  « ftspcst c a n c e l fc&asroiil*

  • & sp « k f i n ^ e l U *

  B e * I ? i t z t

  S

  23 p * n $ r« rfc s a a F *T * * £ • p a s te P * T * M * r t & S e v a n g &&&3 dan Gaplcs: tJitiryai* 4 ari eafcofl* g a i i a t o

3 I ia l c£*a fcssi triiafl c^slnssi Ssrssedt?

  M I L I K

  ?ERPUSTAKAAN "UNIVERS TAS A RLANGGA"

  1

  1

ADLN PERPUSTAKAAN UNIVERSITAS AIRLANGGA

  iC T C fitC C i £ * * * i i m w r t a w n f l f t j w b b

*

  OerdaMMan raalott pad* bab»bab tarfiahalu, «*ba -

  kosX k * tim

  gal peautup dalaa bab l e i <&sn berlkan paloa & » l ba*U w »U sa ?o&s fe«daa*isaa a»tod*> t« 6 cfc-t doloa tab xvt dea feed attblH <i«n~an c*-

  raa-csrsa#

  aosm eaieb ccbasai pfflsieJaJsca dart. e iriijs i Hal •»

  barapsa a s z b e r i

ycr# Stsai cajl^sa dcngaa Oaj.it jpuJwran -

  cacara carlo tcMP kcpada p?»a pedfcaca ccarcssi Infcl p«se aalaim yaas «csn fitaal orjtlUca daXon fcafKba!* celaa3otjqra*

ADLN PERPUSTAKAAN UNIVERSITAS AIRLANGGA

  

B I D I

P o w s v U m 03*3*3 ?£3IXfXQ S23AE0 1 . i n w f r a U

  Xirccstasi odslah terjeas& n f c r i testa tsfcas* Xfl£f» r ie *4© IsresS* yes- fcsrsrtl tsmangn a=a^« C3lao xdostxlA l Accountant* a QMfE&aged&o dot& oeosr, to

  T ostaci diartlJBcn csfcagal t c ilio t t

  • l U - z z r p a M i t o * A s e s t s , o r t i e n s c : t « t h c = s c l v o s * X a c . c z e r a l t b t s s a & e t a a I w r e s f c c c n t e s y b o r a y T c e c l b i o is s w f c © t l a t s c g l b l * & s c s t » S h a i s v c & t a ^ t l a •

  tfco asset la «xp«ct*i to pro&tco a cw wtajy ratusn or a rc ta ra in t,*rrlcc£»

  f a r s e c u r i t i e s , c t t t e a s e t K r p i t l a * t b « » »

  • Ecaey pcld

  ta lv c t* 7b 3 c o i.t eo a a ao in T c s t e a t a r a c c * p a r * i» « tasaS ecwemsga t Conis cr.a Csyjorato ctoes, loclefi • ioa ctoei la c-bsldiaty c r A f f ilia te Cc££cai«».l)

  E ofcsrayj e a jis a w e e p s z t l £ c s $ e * V .?l< atj |« » o » f J o *

«cjfa C* Enafwy, i* «i® Jcto u a n ? c r ,J r flslsa fcaseny* Xa

esA a tu n m eS tsa

m etcoat Analysis naaageoeat, aataora la in

  • t a g a ! b c r t k o t t

  Sha layesto* lsrv«# d ire c tly w&ea too p arg a ss* •

  c m

  c«csyiCiea fo r bio oceoont «x* tm£ld» fcl® p o rt « te lls *

  rnC lycst ic ? s s ta c a t la th e chuaclitvr o f co aaral la - v c c t a c a t f u s i o t h r o a t a f i n a n c i a l I n s t i t u t i o n £ u at» - aa a tttsrx v e la l ta c a c r a ; vine c asd lo sa a ^ s l a t l o a * ^ n l i w i c l i ' ~ t n v > i <a r j o » S m iM .

  V^Uctt»iia3Lif to o , •

  , balssaa

  

9

  2# a3 £ K l-r» ^ l^ .aig rad laltsn > dibs*

  

IS lacgc3»3 can jaa tid a a Icngtsajj a i ^ pa?a ictfusta? m s%

m prSfcsdi, e ta a alcii ta d ^ j fcuses Oaa Iccicco -lcrv t?^- fco« eaagao la ic a y a fisasco e c its J c z ^ a f o c a z * b z r s x e -tz x e s Q ao fial

  :;e ii J r , j* u , fees d e b C sdC a hm losask

  WMTMW «*« — !■ J f l i m ^ F lm fcecter v* .*o£tpb F»ljcEjfcrcy,Jrf 5c6n‘J*Ba»»

y c?,Jrt ^ e s ft-ra e ftmXysta reft C'ffrrersnS. !u<&3j<d D* I*

  io tio ? e ic ^ la a a /ta s a c w pvTa-ahaca y a c j oca^auyat**

rc nArja g»Rsana iC T cstasi csSai t e s t s <iI4s3&rl ci&h a o ti-

vc at-raS lv cx t tc rts a tq *

  a* cttaB u a jg artJtea g tto a * '

  <tiaae3 a im - datsaj*.

  6 a a J a » dotaa p e r a s a to u a tlaa aasjraraleat, jraas <tiba - f*j&sa <to» ® s= ?crtiesri k sa sfc sa so a

  

Q3ao ato a codal 4 a lsa to tc S asco t* e ts a js a a x -.rj.tic 3 La

  10 Host iR iir r e t ta v o c ta e st r,ro fisa fl tsccao boldX ass - w ith th e csste U o o e£ h a m n tm m t cessaajr e ^ r « t „.*2)

  a l » ^ C~rt u ra is a torswfca* Ccpa&lab d K a r lt irta ta p alaa «

ta ta a tan rcstro i edolcb c c r^ a k c a e a t a uscho p ccaa-j^a -

  fcerupa fslMasafi-fcabasieaa oKfcycfc-sofey** akcno-

  m & &

  amber atom pane warm*

  a e n a ^ a s ltm

  data eaiaX deaj*aa ^alari Bccjcrluaa ataa ce^erponjaae pr« fefcd tt&ak XasRuios tfwgaa

  Keaopot ioT««t*«l tw a rtl csa;=?cito«Mr

  • i» f ic o tidVlced r ^ tttto a ip d * te a S H a
    • »* f ^ ^ ^ t $ n E B 3 c i w 5 6 | &»■* ADLN PERPUSTAKAAN UNIVERSITAS AIRLANGGA
    Ra»3 in i D clipatl jtsar dlccbut csjiS al u H w • ^ Q liip 9 & t0 3 CCCTfcQ C«| a ^ J s L i ^ y g i B g i * . p«q« ;i3 iaea-j;y ,in ct cc*iTMcat i«> r>73* ADLN PERPUSTAKAAN UNIVERSITAS AIRLANGGA

  » r^-vrtor> .imwrVwat ■ga g fltg ic a *

  Eassi# iu l c c jlru ti scnscceiisD asset jrcxj oca eta o » settjoSl Luzo dtzyzn

c s s o t - s e c e t fesru*

dcyitucza c a t c i c s s *

  « ls s r) t^rrl echo offes&o (p ca ^ aa tlca i:elo=pc5) yaas Itco*- <ttca ccr.irt3lSc3 fla c ta s s l j r ^ ; bsfcat pafla outlcjr lo?ost»» t i pc?assS3c&a tcra*fcat «ioa Jaca paSa Ia n s * 079 #

  3 ) Ecafcssllcsa

  Fano jjrcCaUttf cUcnr^cn Cc-z.ca “w cnU l^ «*r«ct» tilta sak ctslfcca proses ctai~-.ll sa~«sya pcraiat^n*

  «f£cafc* fctta c r'z -.~ Z '3 i p s c r a s tts a r~ntu f c e l i O £ « t »

  d a rt fee&ijs&cas:" n pTuudvsai torcetet* Dsasaa «Mbo

  CsaSi cLax aipat-asw&l olc^ i?2fcct-.o£Cect °ccto" t o «gen& X iiy "

  ltivalTea tho foUoMlait lotrs^tsoat cascra*

  n

  Sfca cD ti»atlcs*:l f r omicr* of tfco irarestaaat tfaolsS o s * S f c lo l a * d i t t l o c U c a m a t* •* * & * » 1 B m o a o d -

  eitag ai beri&afc i

  T«sJmlqaw# SGSg«ccfcaa»n •

  Wnaeolal ncnseaeaat theory essX

  FlUlipatoa Oaloa fcuiany*»

  c*

  Cacara to c r ltis Cixrgo

  • » E cp lsc csat Invcetcent sspes&lturcs*
    • C*j«asloa lo*#*tsssast «xsecdltarc&laq>Dtfcrcl&atlca ir.vc^tnattt «*p«wSl»c
    • S trategic i&vwtaciS aaptxdltaraa. *»)

  • claa tshva s o illtg r cffo st Cold a«~tt

ADLN PERPUSTAKAAN UNIVERSITAS AIRLANGGA

  12

  3

  iB Cctfleien antdi no:2>crJEsn *al,?.n bag! po?*c=3;ahsa yang* d iossia (Sari pcracetesan terw tw t. scpatacan»!tcpats;sajj staa pcsleasaa c a p ita l ctr>«rU i t s es&arat J e d Beau, biea cssSsart ja la a fcaji u&afca-qca*

  w ^ r A -tm b a

  b* 4*aatitaU To yaj ta nafca* eetttc^catSaa oat- p»t <lsn saloo Gcrt eoata prafiukci yasjf sudab exi6% ataa - E.sslsi*0c$iia qxslltatJL»» j a ^ dltaAukw fcepasSa

  d t l c a j c * o p n ^ c h n S j r e n * s s l c »

3 Hal ta l c c u p a tl apa jsa;: i&ttKiiaS safcajp** swpots**

  33»Ii- jsstasaa c a p ita l Scapca!*:* dcolsicBs 'untoi nraidsiStaa

  d c u ; q »

  t a j l asa^>aitalrt fcloya pcrtfsahaaa tarscfcafe, na»

  m j

  » dltciicaiica tft s in i ta&sa ca p ita l deepening daaiaiaaa- U a feer&apcstsa JSca^sa pc^laocssnt O tsislens daa M s# <tt» jwriuatt olch cc&o e ffe c ts <!*a s c a llity of/aeso a ta s csso t

  asUm

  O3(.Ot0 prcis& tlf 7C3H Lai i s i ®ali

  9 **fi acg isai tss^ e tla ^ dc&is&cna yoag-

  fc^ttt-iuslX arr. tWcJi cc3«r« bsJfryi eida^ Sica dicker 4a * ic a tcfesnyatxn bal*

  c c a a cczbctezzz str a tc jr to S ti* 9 c* » m t ca;> « a i i a »

  4 fans v o s tc o f c c c f e n a iv c , cU 'ca iA v et d ca wI&3«J eo fc lse *

  0 1 fc=ais coi’c s s lia irsw ofcozt aSalaL kasas^-aasa#«

  aopcrtl l&toer.sii i'c r o ia l (c s rs e fj, saa*o pcr-scaicao

  6 *»

ADLN PERPUSTAKAAN UNIVERSITAS AIRLANGGA

  n c z p p ly u /a

  ecca csa&c* ca Jc ^ m -a ccbiocrsa o s ijc d n fcoatt-

  3

  co tta a c^Jsca- Ssfcsn cx atd i jrcn t i l e s e=tol« S t fcsiah cffeasivo lc 7 c s t= a t aitaidb uasao^xaeaa * cqpcrti in tcasaal fcoriccital jrcna cia* c=a*a=tfa pcrtasSaa

  IsA o n c sl

  ea dss external eaci

  83

  ««sasiBg paracciissa tc?e» -

  fcafe# Cihircya d i fcaaah d e e 8 cotlva »

  Jnoostssat caticjf-oatXay G* d ales pTcsrca vcsc3*& cad dCJdajGca* - ycoct tie s ccneaUtat&ca pccarcaaa co st ccnrsa caycaci pea- j c a l a c a tp a t.^

  I d pado p rin r.l{= y a 0 = 3 deaepm a la c a a j?e

  33

d lfrca g ta sn n oXch J * n a te sS U n d ca y d=a A rnold « • s ie s t a *

t-cam rct b c lla a ed a l i c a a lo c a n dSa-Jailnya fcq^atacaa ix ffc a

  test* jralta a * ncplcec=cat.

  • c a st rc iu a tic a « cac^o a i s feasor pricc.,

  1

  • coot redusfcica c h ^ c a la prcdastioa tccbaJ£oo» » is o o tis a of c a tja t.

  taut

  • xatsodEefio* o f predeets*®*

  S ari &C &33 pen d en t d i o tss topa* dloicgtassa &&•

  

ea & 4«o cSJsir ao ri cativ asi lid cdalab cnttCt ss^croHdb

5> 2&S£L* «)

  kind cay J.~otcrt,ni.D * csd cscota Araald U.t&.D

  , DcMOSd Cd&- f y y , X c = a 1 6 ? .

ADLN PERPUSTAKAAN UNIVERSITAS AIRLANGGA

  l b a

  pcsdcpatso afcoa ticaatcosca (o stiv s <£?<2tlf)« ads polo o» U vsot ycag dldacaKtca p a d c = £ ld prite<U# fccfcstajcaaa to* proctlca dca fcal-fcal la in ycsst fea»«tfat cabycatlf.

  tsaiUS

  ces3 yeas d c i c a ts rtiada? tocuata fcayutacao- Icv o ttaai cdaloU te*®aatea

  3 pate caefiah la-/cfitaol ycaa <11

  fcs&a$i psmcsSacR berccac£ats3«

  o

  J k b coticp porucchaai yea* tctap .reKyaffcs&afao £a lca?caeeca faidttgaya cStca Dcasgfcvt*tfft» d c u ysag Sorcedla <$3 le a fcajtui pcrccdlcin, rcaclTOt&aa, p lan t 83d >&taS55C3& *• dca ia ia -la ln aascta, ccsoS d aja t ccea^eten pcnjaaica t» - rcs>b3pcaa dca iaaW M caya*

  t e n

  Sapl cotcfccslsa jcalob dcaa yras cc?&odla its * dayst dlcffisatua smtai a iso ta .ja rs tlfltii csessa la c ^ s e g * dqpat dlbdirism t e n fccclctrv& cctctsa atzzzy z* A3seta » y o jr ccsopcitaB etnta ta=teh=a potta pucat itcalaftcsn pczosata ca fotlafl ditt£x£aa «to»s£tecat« ataa "psaycrtcen

  • yeas d l

  s n

  tnrc?ta» oSca ac^fcari a s s e s s p a a ltlf &c*u?3 pzoTit te s t pcw t ^ y i u b . T n rn rt-si ca^n#

B z r i c s c a t fizaO csoz* p c r t l l t t , csZ a to vco feo S .

  Ito da

  o c zc o U itt le a d * b es»

  p at tewdfafc a tea jp n jc c o icacctoci e lfo t tx c o ta ra M icsasa irtjcsto o l i t a ocjcra dapsfc d ljc o l (rccd ily oxKrotafeio) dea ecc=aa c=a=ccac»fc ocactnzlnl pcQ» ttaicasya t o t o ix sa a M fccfcat» te i o=bg lu aai s<y«

  2 tc»safc •

  to*

ADLN PERPUSTAKAAN UNIVERSITAS AIRLANGGA

  1 $ 9004033 (icsc«-tcco) a ts a

  XcTostaoi bcraJUfatt p cicsssat iswo&tscat c&Jlea c s r c ^ s a pcasnasca fo£ayaaa» atea cs

  Oal Ccacaa ta jse a cc-.^c?aica pcadajotea o tsa fccsa*

  t a a s a a ica ca yeas coca

  4 ataac« Kie a ioya io v ca t a cl t olca *

  

asiic'3, ta lt: asftsa fciaca afeca cstesa prc£c?cas&« ln v o ctad -

teX aa e±%X9*

fialca fccatc& e&ligasi* lnvostaol totes* ce^o*

i i pceU rtca p a triti, rc p ls c c s a t, <iaa Is ln -lo ia larc& ead

  ycac b crtctatcca dcacea c ;? a tc l fccScjctica. loTC'C&osl flala a e=rupc2=o pcaasrr-aa c*2al <a

  i s e c ^

  tc£ J uaUta paaieas yaas soring Jasa dleatrafc cotegal “pcaycrtasa'** f t d U tti CaSsa pcjuccfczn la in b o ra rtl cc^USftf m fcsfccclco flcri pcraca^asa l t s f octehafrica d n rl cada-ccaSa nya* ccfcc&csien p?cda*tttltyp» ya eo^-agloa d arl cazalo •»

  c$a CaXsa ponjesfcaaa tcrssfeut* ctitaress ttcfcai portaayccn cce.?ap9 crana ccaftoU tst-aa* ala&ssaya ca=a aoa^ca o*aas ysnj la c ia bcracsfca *

  3 oteo lc jln tu rc t cczearl i c t c o .tpafeSla pcror.7i>c3n cksk2 aaacftta

p at lcfcaf ca£a oate±3?ian t o i ldba i t a fiiftaasa «

ftca fccsta l i daiaa gsracahssn daa cat&bssS&a dlfcloartcsn »

untufc patagswoa aivtflea £=ps£a para p c c llis atea pass -

ecaj cs&33 ccnci'L.t taayousya eefcsa yeej (U dllM *

  tMIarroa plcjia^n caato poracjhaca c c ^ s ^ o i ccata rcacana pcaxcraa ceCal daicn fccntoa caftao cadaft tc a ta <11 flasaji olcb alasaa-alscca tc rtc a ta . glosanya peaensrao oo

  m l

  • •U N IV E R S IT A S A IR L A N G G A " P E R P U S T A K A A N

  T i x ~ ~

  S U R A B A Y A

ADLN PERPUSTAKAAN UNIVERSITAS AIRLANGGA

  1 6

daX d d a o enters d e z r e a ta ja c a ccfcaoal C c r lliu t »

l a i n ,

  • CatuS u a c ss a o i gcgBsalr e a

  c pq c g ~ 5

  1 S - E it£ j pcaiL-.jatan yanj to to ?.

  • CatoS Dcd&crjtai c asta Csaa hhaaus.

  » Sate* ezaicca batesxpa a o ta r perttsa&ssn«

  O a b lla eacfco pcarosdiaaa ccfca& caica b o o a * -

  • s&ca porocsSssa .lain, ec&lncra ds?sfc can^assd Jalzsaya *

  

p cra ccS ea a tc r c o fe a t, ca^ a jjcTucafcasn jtms d ic w a c i d ic s lx r t -

esa tt pCTocafcaai d en g c r a s cftsaa y a a j t s a s a s a d 4 £ sd * a S p a *

ttc s b s s s Isd c S *

  S w octad daloa csdal cat»=a ©fcsls£» bots£i ln ro sta* -

  

c l y ca g d s ? 3 t fe& aa J a sa jr a js D o ew c co a r a b e& a -

t^sSssri

  la* Ccricg Aovcctaoi d slc s cq&m in i ditxtce catalt aapcso* left teeatar-cn pcvacsttaia tcyfesata tc?u« cccsnuu d sa to g a pcailiR pcrasabasi l tu cayaft c ^ afcuBaSa a ya cofcacd ale* cotaS cc=?cralcS tessaa-fcsvass dan Jaca-jaca 7233 d ipcrlo- feca ctca ccraysi^a tc s ja t ccniaal b s d l pywfcSdcya* OS d d y= ij dlpcatifir&aa fcate* fa c to r pcdi& stcn*

  C d s o to p a u s c a c s d a l t a it t p r ib s O i, fcadaa tu £ c a v c a

  upon Xcc^aga tcaoasaa toytcatu ci=» ccosadcSca lsv o c ta a i,-

  

t c r lc b if t Cnfcalu jrcc a to n d ip c r t lc b n £ ic a <fca d l t c l i t i e j a

  3

fccb trca esca in v c e t a d i t a cso a v a tc te a ia X c a c ib lo , c ^ o c d s

f c a d l c , jrosa fcaitt c r a ta fc c a a fid ita a , b c?a?3 -

csssz*zxat

  

J c n lc b O ssa d=n d a v i ossa c s f c c * d a»a y e s ; d lb e t d t ie a i t a -

e& st d ip c M lc b * ta c a lc a a a p r o te s te d io o c x t o t a t c = o t d a r t-

  1 7

pesetas fcoreofcst yang ci=n cc=io?i rcs&arsj* cSBgcial r«»*

C£3 see1 C o Ic ta ycna dlpjcycitcSfcea*

  Cssalcsna rc ac su ectd) £U« den Xltm ldltaa pcrasa*

fcsai Cl c a n flcpat d ilih a t c= £«m i ecajreaai rca&ata pca>

etsceo den pcacalcarca tao catolofc pi-ajO ita .

  fcCO.

  Csata isv csto sl hcsya d ajat dtls^scna-oa cj^ b lla • latcv sal rsto

  of potasna yes^j dltereajaca .aSca ld Jib tte c -