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Analysis of the Eid Al-Fitr Holiday Anomaly on Abnormal Return and Trading Volume Activity: Case Study of Jakarta Islamic Index During 2017-2020 Firman Pribadi; Aldi Abilawa
Journal of Accounting and Investment Vol 23, No 1: January 2022
Publisher : Universitas Muhammadiyah Yogyakarta, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (533.689 KB) | DOI: 10.18196/jai.v23i1.12894

Abstract

Research aims: This research aims to determine whether there is a significant difference in the average abnormal return on the Jakarta Islamic Index on the Indonesia Stock Exchange in 2017-2020 before and after the Eid al-Fitr holiday and find out whether there is a significant difference in the average trading volume activity on the Jakarta Islamic Index on the Indonesia Stock Exchange in 2017-2020 before and after the Eid al-Fitr holiday.Design/Methodology/Approach: By utilizing an event study, the only significant difference was in the Average Trading Volume Activity (ATVA), showing that trading activity before the holiday was higher, and the opposite occurred in the 2020 period.Research findings: The first research result is that investors could not earn any abnormal return on post- and pre-event windows since the differences between post- and pre-average abnormal returns were insignificant. The second result is a significant Eid al-Fitr anomaly through trading volume activity patterns in companies listed on the Jakarta Islamic Index on the Indonesia Stock Exchange. The results also indicate that the capital market in Indonesia is efficient in a semi-strong form of event in the pandemic era.Theoretical contribution/Originality: The anomalies in the market prove that the market is not always efficient, and it defies the Efficient Market Hypothesis (EMH). These anomalies have addressed non-economic factors, such as religion or culture. As one of the anomalies in the market, this study on holiday had mixed results. In addition, the Jakarta Islamic Index was used since the event studied in this research was the Islamic holiday, and Indonesia has the largest Muslim population in the world.Practitioner/Policy implication: This study is expected to be a reference material and information for companies about how investors respond to the Ramadan effect.Research limitation/Implication: Regarding the sample, this study was still limited to companies listed in the Jakarta Islamic Index, which only consists of 30 companies, so it is advisable to use companies listed on the Indonesian Sharia Stock Index.
PENGELOLAAN SAMPAH DAN PEMBERDAYAAN EKONOMI RUMAH TANGGAMELALUI PEMBUATAN CAIRAN SERBAGUNA ECO-ENZYME Firman Pribadi; Merita Arin; Aldi Abilawa
SELAPARANG: Jurnal Pengabdian Masyarakat Berkemajuan Vol 6, No 1 (2022): Maret
Publisher : Universitas Muhammadiyah Mataram

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31764/jpmb.v6i1.7112

Abstract

ABSTRAKSampah hingga saat ini menjadi masalah yang belum terpecahkan dan 70% dari sampah yang dibuang di TPA adalah sampah organik. Sedangkan, sebagian besar produk yang digunakan oleh rumah tangga saat ini mengandung bahan kimia sintetis yang berbahaya bagi kesehatan manusia dan lingkungan. Kemasan dari produk.Pembuatan eco-enzyme ini kami laksanakan sebagai bentuk pengabdian masyarakat yang bertujuan untuk meningkatkan pemberdayaan ekonomi dan pengelolaan sampah rumah tangga ibu-ibu PKK di RT 003 RW 014 Kelurahan Serengan, Surakarta. Metode pelaksanaan kegiatan dilakukan dalam beberapa tahapan seperti tahap pelatihan pembuatan eco- enzyme, tahap pelatihan selama fermentasi, tahap masa panen, tahap pengemasan, dan tahap cara memanfaatkan eco-enzyme. Kata kunci: antiseptik organik; bahan organik; eco-enzyme; molases; pupuk organik. ABSTRACTGarbage is a currently unsolved problem and 70% of the waste disposed of in the laystall is organic waste. Meanwhile, most products used by households today contain synthetic chemicals that are harmful to human health and the environment. The packaging of these products will also pollute the environment because only a fraction can be recycled. We make this eco-enzyme as a form of community service that aims to increase economic empowerment and household waste management for PKK (Family Welfare Programme) women in RT 003 RW 014, Serengan Village, Surakarta. The method of implementing the activity is carried out in several stages such as the training stage for making eco-enzyme, training during fermentation, harvesting stage, packaging stage, and the stage of how to use eco-enzyme. Keywords: organic antiseptic; organic matter; eco-enzyme; molasses; organic fertilizer.
Eksplorasi Tren Penelitian Transformasi Digital dalam Manajemen Rantai Pasok: Tinjauan Bibliometrik dengan VOSViewer Aldi Abilawa; Laila Fathiyaturrahmi; puti lenggo ginny
Jurnal Teknik Vol. 15 No. 1 (2026): Januari - Juni 2026
Publisher : Universitas Muhammadiyah Tangerang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31000/jt.v15i1.15501

Abstract

Dorongan akan perlunya pendekatan pengelolaan yang lebih adaptif dan berbasis digital semakin meningkat ditengah berbagai disrupsi global seperti pandemi COVID-19, krisis geopolitik, dan percepatan perkembangan teknologi. Dalam kondisi yang penuh ketidakpastian ini, perusahaan dihadapkan pada berbagai risiko gangguan operasional dan fluktuasi pasar yang sulit diprediksi. Transformasi digital kemudian menjadi faktor kunci yang memungkinkan perusahaan meningkatkan efisiensi, ketahanan, dan kemampuan adaptasi rantai pasok melalui pemanfaatan teknologi digital secara strategis. Dengan analisis bibliometrik, studi ini bertujuan untuk memetakan perkembangan, struktur pengetahuan, dan tren penelitian terkait manajemen rantai pasok dan tranformasi digital. Studi Pustaka dilakukan dengan menggunakan artikel jurnal yang ada di database Scopus serta dibantu perangkat lunak VOSViewer. Analisis dilakukan untuk mengetahui publikasi per tahun, sepuluh artikel dengan sitasi tertinggi, co-occurrence kata kunci, overlay visualization, dan density visualization. Hasilnya dapat diketahui bahwa manajemen rantai pasok dan transformasi digital merupakan tema inti yang mendominasi literatur dan terhubung erat dengan konsep Industri 4.0, teknologi digital, serta keberlanjutan. Beberapa artikel dengan sitasi tertinggi menegaskan peran teknologi seperti 5G, kecerdasan buatan, Internet of Things, dan sistem digital terintegrasi dalam meningkatkan fleksibilitas, visibilitas, dan ketahanan rantai pasok. Diakhir, studi ini juga menggambarkan bagaimana pergeseran fokus penelitian menuju pemanfaatan transformasi digital untuk mendukung keberlanjutan dan pengurangan dampak lingkungan.