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CONTRARIAN STRATEGY: EVIDENCE OF PRICE REVERSAL ON WINNER-LOSER PORTFOLIOS Kusmayadi, Iwan; Suprayetno, Djoko; Wardani, Laila; Abidin, Zainal; Ahyar, Muhammad; Sri Oktaryani, G. A.
Distribusi - Journal of Management and Business Vol. 12 No. 2 (2024): Distribusi, September 2024
Publisher : Fakultas Ekonomi dan Bisnis Universitas Mataram

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29303/distribusi.v12i2.583

Abstract

This study aims to analyze the effectiveness of the contrarian strategy by demonstrating the existence of price reversal phenomena in winner-loser stock portfolios on the Indonesia Stock Exchange (IDX). This research differs from previous studies by comprehensively exploring the Indonesian stock market (IDX), which has characteristics distinct from developed countries. Thus, this research contributes new insights to the investment literature in emerging markets. The research approach is quantitative, utilizing monthly data in the form of stock closing prices from all companies listed on the IDX from January 2020 to June 2023, totaling 866 companies, with a selected sample of 670 companies. The hypothesis was tested using an independent sample t-test. The results show that the winner and loser stock portfolios experienced price reversal in the first month after the formation period. However, in the second and third months, the winner stock portfolio did not experience a price reversal but showed significant changes. Meanwhile, the loser stock portfolio experienced price reversals in the first, second, and third months after the formation period. Both portfolios exhibit significant differences in AAR and CAAR values, leading to the general conclusion that price reversal symmetry occurred. Such conditions present opportunities for investors or traders, serving as signals to make contrarian decisions buying loser stocks or selling winner stocks. This phenomenon also provides evidence of the winner-loser anomaly in the Indonesian capital market.
PROSES PEMBELAJARAN DARING DI  MASA PANDEMI COVID 19 BAGI SISWA MADRASAH ALIYAH NEGERI 2 KABUPATEN PROBOLINGGO Ahyar, Muhammad; sarkowi
KHIDMAH : Jurnal Pengabdian Masyarakat Vol. 1 No. 2 (2021): Vol. 1 No. 2 (2021): September 2021
Publisher : Lembaga Penerbitan, Penelitian, dan Pengabdian Masyarakat (LP3M) UNZAHLP3M

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (807.922 KB) | DOI: 10.55210/khidmah.v1i2.60

Abstract

Abstract The disease Corona hit the world especially in the country of indonesia and had resulted in the decline of economic growth, especially in Indonesia, is also happening in the world of education. First learning in higher education is conducted in offline (face to face), and what happens now is learning to be done online. The research has the purpose to see how big the learning process online in the pandemic covid 19 for students of Madrasah Aliyah Negeri 2 Probolinggo. This study uses a Quantitative model with survey method. The respondents of this study amounted to 400 students. The results of this study showed that 79% of students want learning face-to-face, whereas only 1% students who want learning online, it can be concluded that online learning is continuous as long as the pandemiccis not very effective. Keywords: OnlineeLearning, Covid-19, Student
PELATIHAN PENYUSUNAN LAPORAN KEUANGAN DIGITAL DENGAN SIAPIK PADA PERAJIN TENUN DI PRINGGASELA Wardani, Laila; Kusmayadi, Iwan; Suprayetno, Djoko; Bagis, Abdul Azis; Ahyar, Muhammad
Jurnal Abdimas Sangkabira Vol. 5 No. 1 (2024): Jurnal Abdimas Sangkabira, Desember 2024
Publisher : Program Studi Diploma III Akuntansi Fakultas Ekonomi dan Bisnis Universitas Mataram

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29303/abdimassangkabira.v5i1.1273

Abstract

Isu strategis yang diangkat dalam kegiatan pengabdian kepada masyarakat (PkM) ini adalah manajemen keuangan digital. Fokus kegiatan ini untuk memberikan edukasi dalam meningkatkan literasi keuangan khususnya dalam penyusunan laporan keuangan secara digital melalui aplikasi SiApik. Khalayak sasarannya ditujukan bagi kaum perempuan yang masih aktif sebagai penenun di Desa Pringgasela Lombok Timur. Observasi di lapangan menyimpulkan bahwa para perempuan perajin tenun di Desa Pringgasela tidak melakukan pencatatan atau pembukuan sehingga tidak satu pun yang memiliki laporan keuangan sekalipun dalam bentuk yang sederhana maupun secara digital.  Kegiatan pelatihan dengan memperkenalkan aplikasi Si Apik dirasakan sebagai solusi yang sangat penting untuk meningkatkan life skills dalam tata kelola keuangan secara profesional dan praktis melalui sistem digital. Para perempuan perajin tenun Desa Pringgasela telah mengikuti sesi pelatihan dengan semangat dan antusias yang tinggi untuk mengaplikasikan secara langsung serta memiliki laporan keuangan digital yang mudah, aman dan terstandar.
PERLINDUNGAN HUKUM TERHADAP TENAGA KERJA YANG MENGALAMI KECELAKAAN MENURUT UNDANG-UNDANG NOMOR 13 TAHUN 2003 STUDI PADA UPTD BENIH INDUK PADI TANJUNG MORAWA DINAS KETAHANAN PANGAN, TANAMAN PANGAN DAN HORTIKULTURA PROVINSI SUMATERA UTARA Ahyar, Muhammad; Falahiyati, Nurhimmi; Sahbudi, Sahbudi
Jurnal Sosial Humaniora Sigli Vol 7, No 1 (2024): Juni 2024
Publisher : Universitas Jabal Ghafur

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47647/jsh.v7i1.2391

Abstract

The importance of labor protection is the main focus in an effort to ensure that every individual working in a company receives proper protection. In this context, the protection includes aspects of occupational health and safety, which aims to avoid the risk of accidents or injuries for workers. However, in reality, there are still violations of work protection provisions, such as the absence of personal protective equipment, which can threaten the safety of workers, especially at the Tanjung Morawa Rice Seed UPTD. In an effort to overcome these violations, this research carries out a descriptive method to describe the situation of legal protection against workers who experience accidents according to Law Number 13 of 2003 at the UPTD Induk Padi Tanjung Morawa. The results show that legal protection of workers is regulated in Article 6 of the Law, which contains the obligation of employers to provide rights and obligations to workers without discrimination. However, there are shortcomings in the details of the protection, especially regarding the protection of male workers. In addition, the protection of female workers is also stipulated in the Law, with a prohibition on female workers under the age of 18 to work during certain hours. Nevertheless, the implementation of legal protection of worker safety at the Tanjung Morawa Rice Seed UPTD still has challenges, where protection must include humanitarian and welfare aspects for workers.
Pengaruh Keputusan Investasi, Struktur Modal Dan Kebijakan Dividen Terhadap Nilai Perusahaan LQ45 Yang Terdaftar di Bursa Efek Indonesia Tahun 2019-2023 Yasmin, Salma Alivia; Ahyar, Muhammad; Santoso, Budi
JURNAL SOSIAL EKONOMI DAN HUMANIORA Vol. 11 No. 2 (2025): JURNAL SOSIAL EKONOMI DAN HUMANIORA
Publisher : Universitas Mataram

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29303/jseh.v11i2.798

Abstract

This study aims to analyze the effect of investment decisions, capital structure and dividend policy on the value of LQ45 companies listed on the Indonesia Stock Exchange in 2019-2023. This research is a causal associative research (cause and effect) with a quantitative approach. In this study, the sample selection was carried out by purposive sampling method. Based on the predetermined criteria, a sample of 19 companies from 45 companies was obtained. In this study, a panel data regression model was applied with the Fixed Effect Model (FEM) approach and using the Eviews 12 program. The results showed that investment decisions have a positive and significant effect on firm value, capital structure has a negative but insignificant effect on firm value, and dividend policy has a negative but insignificant effect on firm value. From the results of this study, it is hoped that companies can be maximized in managing investment decisions, capital structure, and dividend policy in an effort to increase firm value, especially LQ45 companies listed on the Indonesia Stock Exchange in 2019-2023.
Inovasi dan Diversifikasi Produk Gerabah sebagai Katalisator Pertumbuhan Laba pada UMKM Sektor Kerajinan Nengsih, Rita; Samsul; Mukhdasir, Mukhdasir; Khairuna, Khairuna; Ahyar, Muhammad
Jurnal Serambi Engineering Vol. 10 No. 3 (2025): Juli 2025
Publisher : Faculty of Engineering, Universitas Serambi Mekkah

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

This study explores the strategic significance of innovation and product diversification in enhancing profit growth for MSMEs in the pottery craft sector in Indonesia. The research employs a literature review approach, with a focus on the adaptation of contemporary designs, the use of material combinations, and the expansion of product functions. These strategies enable MSME actors to reach broader market segments, increase selling prices, and create significant economic value. The study indicates a direct correlation between innovation and key financial indicators, including return on investment (ROI), net profit margin, and sales volume. Moreover, the diversification of products has been shown to enhance business resilience in the face of market fluctuations, thereby generating opportunities in the domains of decoration, tourism, and sustainable lifestyles. This study underscores the significance of a collaborative ecosystem comprising designers, government entities, and digital platforms to systematically support the innovation process. The adoption of an integrated innovation approach by pottery MSMEs has the potential to catalyze their transformation into a creative sector that is characterized by competitiveness, adaptability, and sustainability.