M. Shabri Abdul Majid
Universitas Syiah Kuala

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Bankruptcy Prediction Models and Stock Prices of the Coal Mining Industry in Indonesia Ghazali Syamni; M. Shabri Abdul Majid; Widyanana Verawaty Siregar
ETIKONOMI Vol 17, No 1 (2018)
Publisher : Faculty of Economic and Business

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (246.136 KB) | DOI: 10.15408/etk.v17i1.6559

Abstract

Various bankruptcy prediction models have been used to measure the movement of stock prices, and thus the firms’ performance. This study is aimed at empirically exploring the usefulness of the Olhson, Almant Modification, Grover, Springate, and Zmijewski models for predicting bankruptcy of the 19 coal mining companies. It also attempts to measure the effects of the scores of these bankruptcy prediction models on the stock prices of the coal mining companies in Indonesia.  The technique of analysis that used in this research is panel regression. The results of the study showed that the bankruptcy prediction scores of the Ohlson and Almant Modification were found to be the dominant prediction models that affected the stock prices of the coal companies in Indonesia. This indicates that the bankruptcy prediction model can be used as one of the approaches to measure the movement of stock prices and performance of the coal mining companies in Indonesia.DOI: 10.15408/etk.v17i1.6559
Revitalizing the Cultural Meaning of Abit Godang and Parompa Sadun in the Angkola Batak Community of Indonesia Suheri Harahap; Badaruddin Badaruddin; M. Shabri Abdul Majid; Afwan Syahril Manurung
SocioEdu: Sociological Education Vol. 7 No. 2 (2026): Sociological Education
Publisher : Sociology Education, Teaching Training and Education Faculty, Muhammadiyah University of Kupang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59098/socioedu.v7i2.3119

Abstract

Abit Godang and Parompa Sadun are important elements of the cultural heritage of the Batak Angkola community in Indonesia, embodying social values, identity, and customary meanings in everyday life. However, modernization, globalization, and changing lifestyles have led to a gradual shift in their meanings and practices, placing these traditions at risk of marginalization and potential extinction, particularly among younger generations. This study aims to examine efforts to revitalize the cultural meanings of Abit Godang and Parompa Sadun within the Batak Angkola community in Parsalakan Village, South Tapanuli Regency, Indone sia. This research employs a qualitative approach, with data collected through in-depth interviews, participant observation, and literature review involving traditional leaders, community members, educators, and youth representatives. The findings reveal that revitalization efforts can be effectively pursued through strengthening the role of Indigenous Peoples institutions, integrating cultural education into formal and informal learning processes, and encouraging active participation of the younger generation in cultural practices and ceremonies. In the context of education, the study highlights the importance of incorporating local cultural values into school curricula and community-based learning as a strategy for cultural transmission and identity formation. This educational approach not only enhances students’ cultural awareness but also fosters a sense of belonging and responsibility toward preserving local heritage. These strategies contribute to restoring the symbolic meaning and social relevance of Abit Godang and Parompa Sadun in contemporary society. The study concludes that sustained and education-based revitalization efforts are essential to ensure the continuity of Batak Angkola cultural identity in Indonesia and to preserve traditional values amid ongoing social change.