STRATEGI DEFENSIF UNTUK PROTEKSI DAN AKUMULASI KEKAYAAN DALAM MENGHADAPI ASUMSI RESESI EKONOMI STUDI KASUS: KELUARGA BUDI
In Mandarin, the word �crisis� (�� � Wéijī) is a combination of two kanji syllables: � (Wei), which means �danger and � (Ji), which means �opportunity�. Economic crisis or recession, which is feared by most people, is actually a opportunity for someone to accumulate a great amo...
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| Main Authors: | , |
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| Format: | Theses and Dissertations NonPeerReviewed |
| Published: |
[Yogyakarta] : Universitas Gadjah Mada
2012
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| Subjects: | |
| Online Access: | https://repository.ugm.ac.id/99768/ http://etd.ugm.ac.id/index.php?mod=penelitian_detail&sub=PenelitianDetail&act=view&typ=html&buku_id=55744 |
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| Institution: | Universitas Gadjah Mada |
| Summary: | In Mandarin, the word �crisis� (�� � Wéijī) is a combination of two kanji
syllables: � (Wei), which means �danger and � (Ji), which means �opportunity�.
Economic crisis or recession, which is feared by most people, is actually a
opportunity for someone to accumulate a great amount of wealth. A well-prepared
plan is the key to face a crisis. This research tried to practice the above principle in a
form of a case study. The subject of the case study is Mr. Budi, a computer shop
owner, whose wealth is alleged risky to the risk of economic recession.
This research began by first collecting data and analyzing the client existing
condition. The wealth management process is divided into three phases: (1) risk
identification and analysis, (2) liquidation of risky assets, and (3) Securing the cash
from liquidation phase. Post-management wealth condition is also analyzed to see
how far the risk of exposure to the economic recession could be reduced. The final
step of this research included an economic recession sensitivity analysis. This
sensitivity analysis was conducted to determine how much added value the defensive
wealth management process generates. Scenario A (without wealth management) and
scenario B (with wealth management) were then compared. Both scenarios were
simulated under four incremental conditions that reflect the level of intensity of the
economic recession.
The research concluded that The Budis� wealth is indeed vulnerable to the risk
of the economic recession. The Budis� asset is comprised of 77,96% risky asset, while
maintaining a very low liquidity level of 2,81%. Defensive wealth management
succeeded in reducing high-risk asset ratio to 42,17% while improving the level of
liquidity to 38,59%. The simulation result proved that in the worst economic
recession, defensive wealth management could provide a significant added value
amounting to 5,3 billion rupiahs or 20,62% of client�s total asset. The worse the
conditions of economic recession, the greater the added value defensive wealth
management will generate |
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