The formulation of the problem in this study was how the accuracy of the Capital Asset Pricing Model (CAPM) and Arbitrage Pricing Theory (APT) in Determining the Choice of Investing in the Jakarta Islamic Index (JII). The objective of this study was to find out the differences of the Capital Asset Pricing Model (CAPM) and Arbitrage Pricing Theory (APT) in Determining the Choice of Investing in the Jakarta Islamic Index (JII). There were two balance methods that are still used as the approach material for accuracy in predicting expected return. The two models were the Capital Asset Pricing Model (CAPM) and Arbitrage Pricing Theory (APT). In predicting CAPM company stock returns using risk-free return asset factors, market returns and beta while APT uses macroeconomic factors, namely interest rates, inflation, exchange rates and the money supply. The population in this study was 68 company shares after passing the purposive sampling stage, the sample of this study consisted of 27 monthly company shares that were registered continuously in the period 2010 - 2017. The data used in this study were secondary data with the data collection technique was documentation. The analysis technique used is independent sample t-test. The results of this study indicate that the CAPM method is more accurate than APT in determining the choice of investing in JII shares and there was no significant difference in accuracy between the CAPM and APT methods in determining the choice of investing in JII shares.
Usaha mikro kemplang ibu Asni diawali dari mengikuti pelatihan pembuatan kemplang ikan lele dari program mahasiswa KKN Universitas Muhammadiyah Palembang tahun 2015. Hasil pelatihan tersebut dilanjutkan dengan uji coba pembuatan produk kemplang dengan menggunakan ikan lele karena di wilayah tersebut terdapat beberapa penduduk sebagai peternak lele. Terapat kendala dari aspek bahan baku ikan, kemampuan produksi terbatas, peralatan yang masih sederhana, penirisan minyak menggunakan koran bekas dan proses produksi yang kurang baik. Kemudian dari aspek manajemen terkendala pada proses produksi, manajemen pemasaran, izin usaha, administrasi keuangan, manajemen mutu dan kesehatan. Tujuan pelaksanaan Program Kemitraan Masyarakat (PKM) adalah untuk mengatasi permasalahan yang ada dengan berbagai solusi seperti 1) mengganti bahan baku ikan lele dengan rendemen daging giling yang sangat rendah (30 %) warna kehitaman dengan menggunakan surimi ikan patin dengan rendemen mencapai 40 % dan warna lebih baik 2) menerapkan manajemen stok bahan baku ikan giling/surimi ikan untuk mempercepat proses produksi, 3) Mengganti peralatan produksi yang tidak higeinis, 4) Pendampingan proses produksi mulai dari pembuatan surimi ikan sampai dengan pengemasan untuk mendapatkan produk sehat, 4) mendesain dan membuat label kemasan dan pemasaran berbasis online 5) pendampingan membuat model laporan keuangan, sebagai dasar penentuan harga produk. Hasil yang didapat dari kegiatan ini: 1) Tersedianya mesin penggiling ikan dan freezer 2) meningkatnya produktivitas mitra dengan diversifikasi harga pemasaran produk 3) tersedianya akun online untuk pemasaran 6) tersedianya aliran kas dan laporan keuangan mitra sebagai dasar penentuan harga produk. Kegiatan ini diharapkan berdampak pada peningkatan produktivitas pada mitra UKM dan dapat membantu untuk peningkatan produksi kemplang serta perekonomian dan taraf hidup masyarakat
ABSTRAKLiterasi keuangan merupakan kemampuan untuk memahami dan secara efektif menggunakan berbagai keterampilan keuangan termasuk manajemen keuangan secara pribadi maupun berinvestasi. Pentingnya literasi keuangan khususnya pada pasar modal adalah sebagai pengetahuan dengan harapan dapat terlaksanaanya transaksi investasi pasar modal dan meningkatkkan perekonomian suatu negara. Tujuan kegiatan ini adalah untuk memberikan edukasi literasi keuangan pasar modal pada masyarakat di Kecamatan ilir Timur II Kota Palembang sehingga masyarakat dapat memilih investasi yang benar dan terhindar dari investasi palsu yang semakin berkembang. Metode pelaksanaan pengabdian ini dilakukan secara tatap muka dengan mematuhi protocol kesehatan. Tahapan kegiatan dilakukan melalui dua kegiatan yakni sosialisasi dan pelatihan, serta pendampingan. Hasil kegiatan menunjukkan bahwa adanya edukasi memberikan peningkatan pemahaman mengenai literasi keuangan dan keterampilan baru dalam penerapan pengambilan keputusan investasi yang tepat. Pengambilan keputusan investasi yang tepat secara langsung dapat meningkatkan kesejahteraan masyarakat dan perekonomian suatu negara. Kata kunci: literasi keuangan; pasar modal. ABSTRACTFinancial literacy is the ability to understand and effectively use various financial skills, including personal financial management and investing. The importance of financial literacy, especially in the capital market, is as knowledge with the hope that capital market investment transactions can be carried out and improve a country's economy. This activity aims to provide capital market financial literacy education to the community in Ilir Timur II District, Palembang City so that people can choose the right investment and avoid growing fake assets. Implementing this service is carried out face-to-face by complying with the health protocol. The stages of the activity are carried out through two activities: socialization and training, as well as mentoring. The activity results show that education provides an increased understanding of financial literacy and new skills in making the right investment decisions. Making the right investment decisions can directly improve the welfare of society and the economy of a country. Keywords: financial literacy; capital market.
This study examined the influence of the global sharia stock index on the Indonesian sharia stock index considering macroeconomic factors and their moderating role. The Global sharia Stock Index in this study used the Dow Jones sharia Market Index and the FTSE Global sharia Index Series. The role of moderation is proxied by inflation rate and exchange rate. The research data analysis method used multiple regression analysis and interaction test or moderating regression analysis. The results of the study showed that there was an influence of the Global Sharia Stock Index on the Indonesian Sharia Stock Index. In the moderation equation 1 (inflation) and moderation 2 (exchange rate) that interact with the Dow Jones sharia Market Index has a positive influence on each moderation equation. This showed that a moderating interaction with the Dow Jones sharia Market Index will strengthen its influence on the Indonesian Sharia Stock Index. The FTSE Global sharia Index Series that interacted with inflation in moderating equation 1 and the exchange rate in moderating equation 2 showed a negative effect. This showed that the interaction of the FTSE Global sharia Index Series with the two macroeconomic variables in each equation weakens its influence on the Indonesian Sharia Stock Index.
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