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All Journal JSEH (Jurnal Sosial Ekonomi dan Humaniora) Distribusi JMM UNRAM (Jurnal Magister Manajemen Universitas Mataram) JIAI (Jurnal Ilmiah Akuntansi Indonesia) Jurnal Sosial Humaniora Sigli Jurnal Abdimas Sangkabira Unram Journal of Community Service (UJCS) Al-Khidmah: Jurnal Pengabdian Kepada Masyarakat Journal of English Literature and Linguistic Studies (JELLS) IIJSE Jurnal Abdimas Independen Serambi Engineering
Ahyar, Muhammad
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Religion Humanities Decision Sciences, Operations Research & Management Earth & Planetary Sciences Economics, Econometrics & Finance Education Energy Engineering Environmental Science Industrial & Manufacturing Engineering Languange, Linguistic, Communication & Media Law, Crime, Criminology & Criminal Justice Social Sciences Other

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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.
PENGARUH STRUKTUR MODAL, STRUKTUR HUTANG TERHADAP KINERJA KEUANGAN PERUSAHAAN INDUSTRI DASAR KIMIA TAHUN 2018-2022 Negara, Iwan Kusuma; Anwar, Adrianda; Animah, Animah; Muhdin, Muhdin; Ahyar, Muhammad; Harmaen, Ade
Jurnal Ilmiah Akuntansi Indonesia Vol 9, No 2 (2024): JIAI (JURNAL ILMIAH AKUNTANSI INDONESIA)
Publisher : Universitas Muhammadiyah Jember

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32528/jiai.v9i2.23272

Abstract

Penelitian ini bertujuan untuk menganalisis pengaruh kepemilikan institusional, kepemilikan manajerial, kepemilikan asing, dan debt to equity ratio terhadap earning per share (EPS) pada perusahaan industri dasar kimia yang terdaftar di Bursa Efek Indonesia selama periode 2018-2022. Metode yang digunakan dalam penelitian teknik sampling purposive dengan jumlah sampel 27 dan alat analisis  analisis regresi berganda dengan menggunakan uji asumsi klasik. Hasil penelitian menunjukkan bahwa kepemilikan institusional, kepemilikan manajerial, kepemilikan asing, serta debt to equity ratio tidak memiliki pengaruh signifikan terhadap EPS. Temuan ini mengindikasikan bahwa struktur kepemilikan dan tingkat utang perusahaan dalam industri dasar kimia tidak secara langsung menentukan kinerja profitabilitas perusahaan yang diukur melalui EPS selama periode penelitian. Implikasi penelitian pada periode penelitian kecenderungan para pemegang saham lebih berorientasi pada keberlanjutan usaha hal ini dikarenakan faktor eksternal yang sangat kuat di era covid-19 di dalam memengaruhi perusahaan
Total Quality Marketing Training to Enhance Value-Added for Red Brick Business in Kesik Village, East Lombok Kusmayadi, Iwan; Suprayetno, Djoko; Wardani, Laila; Ahyar, Muhammad
Unram Journal of Community Service Vol. 5 No. 2 (2024): June
Publisher : Pascasarjana Universitas Mataram

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29303/ujcs.v5i2.637

Abstract

The target audience for this activity is the owners of red brick craft businesses in Kesik Village, Masbagik District, East Lombok. This activity will equip business operators with concrete and applicable strategies and models related to innovative business governance and suitable for the creative industry. The PPM team will pay special attention to marketing aspects based on Total Quality Management (TQM). Integrating TQM into marketing functions, Total Quality Marketing is crucial for a company, including small industries, to develop the structure and value-added of the business. Total Quality Marketing will ensure companies to focus on the market, thereby continuously improving business processes to respond to rapid changes from the market and customers
Struktur Modal dan UKM : A Systematic Literature Review Ahyar, Muhammad; Fadah, Isti; Paramu, Hadi
JURNAL SOSIAL EKONOMI DAN HUMANIORA Vol. 10 No. 2 (2024): JURNAL SOSIAL EKONOMI DAN HUMANIORA
Publisher : Universitas Mataram

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29303/jseh.v10i2.597

Abstract

This systematic literature review (SLR) aims to provide a comprehensive overview of the existing research on the impact of capital structure on small and medium-sized enterprises (SMEs). The study synthesizes and analyzes findings from various studies to identify key trends, gaps, and areas for future research. The SLR covers factors influencing SMEs' capital structure decisions, including internal factors like company size, profitability, and growth opportunities, and external factors such as market conditions, industry characteristics, and regulatory environment. Our findings reveal that the capital structure significantly affects SMEs' financial performance and sustainability. Debt financing offers growth potential but increases financial risk, while equity financing provides stability and reduces risk but dilutes ownership. The optimal mix of debt and equity varies based on specific SME characteristics and external conditions. Additionally, the capital structure influences SMEs' ability to attract external financing and impacts their overall growth and profitability. The review also highlights the need for more focused research on the determinants of capital structure in SMEs, the role of external financing sources, and the relationship between capital structure and firm performance over time. Longitudinal studies and investigations into macroeconomic factors' impact on SMEs' capital structure decisions are recommended for future research.
Financial Literacy as a Mediator Between Digital Engagement and Gen Z Students' Financial Preparedness Sugiartha, I Made Rama; Ahyar, Muhammad
Indonesian Interdisciplinary Journal of Sharia Economics (IIJSE) Vol 8 No 3 (2025): Sharia Economics
Publisher : Universitas KH. Abdul Chalim Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/iijse.v8i3.8584

Abstract

This study investigates the influence of Digital Financial Engagement (DFE) on Financial Preparedness (FP) among Generation Z college students in Indonesia, with Financial Literacy (FL) serving as a mediating variable. Employing a quantitative approach, data were collected from 231 Generation Z students who actively use digital financial services, and analyzed using Structural Equation Modeling (SEM) with AMOS. The findings reveal that DFE has a positive and significant effect on both FL (β = 0.218; p < 0.001) and FP (β = 0.144; p < 0.001). Furthermore, FL exerts a strong positive influence on FP (β = 0.534; p < 0.001). The mediation test using the Sobel method confirms that FL partially mediates the relationship between DFE and FP (Z = 3.871; p < 0.001), suggesting the presence of both direct and indirect effects. Theoretically, this study enriches the literature on financial behavior by highlighting the role of digital financial practices in fostering preparedness for future financial needs. Practically, the results emphasize the importance of integrating financial literacy education into higher education curricula and promoting responsible engagement with digital financial platforms to enhance young adults’ financial readiness in an increasingly digitalized economy.
Co-Authors Alivia Yasmin, Salma Animah Animah Anwar, Adrianda Bagis, Abdul Azis Della Nabila, D. Tialurra Dwi Budi Santoso G. A. Sri Oktaryani Hadi Paramu Harmaen, Ade Isti Fadah Iwan Kusuma Negara Khairuna Khairuna Kusmayadi, Iwan Muhdin Muhdin, Muhdin Mukhdasir, Mukhdasir Mustikawati, Yunitari Nurhimmi Falahiyati, Akiruddin Ahmad Rahayu, Ni Nyoman Saras Tri Rita Nengsih Sahbudi, Sahbudi Samsul Sarkowi Sugiartha, I Made Rama Suprayetno, Djoko Wardani, Laila Widia Astuti Yasmin, Salma Alivia Zainal Abidin