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Market Reaction To Government Policy: Case The Tourism, Hotel, And Restaurant Sectors During Pandemic Syamni, Ghazali; Rizal, Muhammad; Husaini; Terfiadi, Sari Yulis; Azzura
Jurnal Manajemen dan Keuangan Vol 14 No 1 (2025): JURNAL MANAJEMEN DAN KEUANGAN
Publisher : Program Studi Manajemen Fakultas Ekonomi Universitas Samudra

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33059/jmk.v14i1.9700

Abstract

This study examines the tourism, hotel, and restaurant sector's reaction to various government policies' announcements of COVID-19. This study used data from nine travel agencies, twenty-seven hotels, and eight restaurants collected from the Indonesian Stock Exchange and www.finance.yahoo.com. The limit was 10 days before and 10 days after the 7-event policy, with 140 days' worth of observations. This study found that abnormal returns were significantly negative when the government enforced community activities restrictions (PPKM) of the Micro policy in the restaurant industry. Besides that, in other events, the tourism, hotel, and restaurant sectors showed negative but insignificant statistical values. In addition, trading volume on the hotel, tourism, and restaurant indices shows different results between these indices. The hotel sector shows that when the government imposed the PSBB and PPKM there was a difference in the trading volume's statistical value, which was negative and significant except for PPKM-Zonation and PPKM-Emergency. The tourism sector shows negative and significant differences in trade volume values for PSBB and PPKM-Zonation, and PPKM-Emergency with positive differences. Finally, the restaurant sector found negative and significant differences during PSBB Transitional-I and positive trade volume differences during PPKM-Zonation
Sosialisasi Strategi Jitu Memilih Program Studi Dan Peluang Beasiswa Bagi Siswa Kelas XII MAN 1 Padang Pariaman Dan SMKN 1 Enam Lingkung Yofina Mulyati; Yusnaena; Idwar; Alvin Alfian; Yentisna; Yulisran Buana Putra; Davina; Azzura
Jurnal Imiah Pengabdian Pada Masyarakat (JIPM) Vol 1 No 3 (2024): Januari - Maret
Publisher : CV. ITTC INDONESIA

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Abstract

Education is an important aspect in the current era of modernization. Choosing the right study program in college is a crucial step for class XII students to prepare for their future. In this context, socialization regarding strategies for choosing study programs and scholarship opportunities is very relevant. With the right information, it is hoped that students can make intelligent decisions and get the opportunity to continue their education to a higher level. Community service activities are carried out through lecture, discussion and question and answer methods. The service team from Dharma Andalas University provided material using Power Point to make it easier for participants to understand. In addition, discussion and question and answer sessions were held to ensure deeper understanding. Multi-media tools such as laptops and LCD projectors are used to ensure the effectiveness and interest of participants in socialization activities. With this interactive method, it is hoped that participants can gain a good understanding of strategies for choosing study programs and scholarship opportunities.
Co-Authors Alvin Alfian Davina Ghazali Syamni Husaini Idwar MUHAMMAD RIZAL Terfiadi, Sari Yulis Yentisna Yofina Mulyati Yulisran Buana Putra Yusnaena