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Stock Investment Risk Analysis Using the Value at Risk (VAR) Method Siti Aisyah; Abdul Wahab; Marjono; Prayetno; Nicholas Renaldo
Al-Kharaj: Journal of Islamic Economic and Business Vol. 8 No. 2 (2026): SettingsVol. 8 No. 1 (2026): All articles in this issue include authors from 3
Publisher : LP2M IAIN Palopo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24256/kharaj.v8i2.10123

Abstract

This study aims to analyze stock investment risk using the Value at Risk (VaR) method with a qualitative approach. The main focus of the study is to understand how investors interpret risk and how the VaR concept is understood and applied in investment decision-making practices. The research method used is a descriptive qualitative approach with data collection techniques through in-depth interviews, observation, and documentation. Informants in this study were selected through purposive sampling, namely stock investors who have experience in investment activities and a basic understanding of risk. Data analysis was conducted using an interactive analysis model that includes data reduction, data presentation, and conclusion drawing, with data validity maintained through triangulation and member checks. The results show that most investors have recognized the importance of risk in stock investment, but understanding of the Value at Risk (VaR) method is still uneven. Investors with a financial background tend to better understand and utilize VaR in determining risk tolerance limits and investment strategies, while other investors rely more on an intuitive approach. There is a gap between the theoretical concept of VaR and its implementation in the field, caused by the complexity of the calculation, limited financial literacy, and psychological factors such as emotions and speculative behavior. Nevertheless, VaR still holds significant potential as a risk management tool if supported by adequate understanding and the use of financial technology. In conclusion, the application of the Value at Risk (VaR) method in stock investment is still suboptimal, but it has high relevance in helping investors manage risk more measurably. This research contributes to the understanding of risk management practices from an investor behavioral perspective and emphasizes the importance of integrating technical and psychological approaches in investment decision-making.
Analisis Implementasi Kebijakan Program Makan Bergizi Gratis Di UPT SMP Negeri 6 Medan Kelas IX Tahun 2025 Yuli Indriani Lubis; Julia Ivanna; Liber Siagian; Prayetno; Windawati Pinem
Jurnal Administrasi Politik dan Sosial Vol 7 No 1 (2026): JAPS April Sedang Berlangsung
Publisher : Fakultas Ilmu Sosial dan Ilmu Politik, Universitas Riau

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Abstract

This study aims to describe the implementation of the Free Nutritious Meal Program (MBG) policy at the UPT SMP Negeri 6 Medan for Grade IX in 2025 and identify supporting and inhibiting factors in its implementation based on aspects of communication, resources, disposition, and bureaucratic structure. The research is motivated by the implementation of the program that has been running, but has not been optimal in achieving policy objectives, especially in shaping students' nutritional awareness and behavior. This study uses a qualitative approach with descriptive methods. Informants were determined through purposive sampling techniques, consisting of the principal, implementing teachers, program coordinators, and grade IX students. Data collection techniques were carried out through interviews, observations, and documentation, and were analyzed using the interactive model of Miles, Huberman, and Saldana. The results of the study indicate that the implementation of the MBG Program has been running administratively and technically, but has not been fully optimal. Communication between implementers is running quite well, but educational communication to students is still not optimal. The availability of resources is quite supportive, although its utilization is not optimal, including limited facilities such as cutlery. From the disposition aspect, implementers show commitment, but student participation and discipline are still low. The bureaucratic structure is in place, but it is not yet supported by standardized SOPs. Furthermore, there has been an expansion of beneficiary coverage to teachers as a means of adjusting implementation. The main inhibiting factors include a lack of nutrition education and suboptimal student behavior. Therefore, improvements are needed through strengthening educational communication, optimizing resources, and fostering student behavior to more effectively achieve program objectives.