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ANALYSIS OF OPTIMAL STOCK PORTFOLIO INVESTMENT IN LQ45 INDEX USES THE MARKOWITZ MODEL AND SINGLE INDEX MODEL 利用马科维茨模型和单一指数模型分析 lq45 指数的最优股票投资组合
Pub Date : 2023-09-19 DOI: 10.54443/jaruda.v2i2.96
Fadlan Alkindi, I. Sadalia, I. Muda
Based on the results of the optimal portfolio analysis of the Markowitz model and Single Index Model, it can be concluded as follows: Based on the optimal portfolio formation of the Markowitz Model, 4 shares form a portfolio return expectation of 0.0074, while the portfolio risk is 0.0428 and the proportion of funds formed is BBCA 50.81%, EXCL 9.83%, ICBP 30.59%, and KLBF 8.77%. Based on the formation of a single index model portfolio, 2 optimal portfolio formations were obtained with a portfolio return of 0.1486 and a risk of 0.0873, while the proportion of funds formed by ANTM was 10.5%, and BBCA was 89.5%.. Based on research results, it proves that the single index model can produce a profit of 14.86% with a risk level of 8.73% compared to the Risk-Free Asset Return Rate of 5.17%. Meanwhile, the Markowitz model can produce a portfolio return of 0.74% with a portfolio risk of 4.28%, which does not provide optimal profits because the expected return from the Markowitz model portfolio is lower than the Risk-Free Asset Return Rate.Lack of significant planning in investing by a company. This because in planning an investment project of course requires substantial funds, so if not budgeted and calculated properly, it can result in investment failure projects that can cause a company to experience large losses. This study discusses capital budgeting of a project in CV. ABC will buy a new machine. In the This study discussed how to calculate the initial investment, estimate the income that the company will get during the project, how long is the capital issued by the company for investment projects will be returned, and at most what is important is whether it is feasible or not is the investment project planning. Method used in capital budgeting calculations is the payback period, discounted payback period, Net Present Value (NPV), and Internal rate of Return (IRR). In the The results showed that CV ABC accepted the plan to purchase a corn drying machine by calculating the payback period for 5 years, the NPV and IRR are considered feasible.
根据马科维茨模型和单一指数模型的最优投资组合分析结果,可以得出如下结论:根据马科维茨模型的最优投资组合形成,4 只股票形成的投资组合收益期望值为 0.0074,而投资组合风险为 0.0428,形成的基金比例为 BBCA 50.81%、EXCL 9.83%、ICBP 30.59%、KLBF 8.77%。在形成单一指数模型组合的基础上,得到了2种最优组合形式,组合收益为0.1486,风险为0.0873,ANTM形成的基金比例为10.5%,BBCA为89.5%。研究结果证明,与无风险资产收益率 5.17%相比,单一指数模型可以产生 14.86%的利润,风险水平为 8.73%。与此同时,马科维茨模型可以产生 0.74%的投资组合收益,投资组合风险为 4.28%,这并不能提供最佳利润,因为马科维茨模型投资组合的预期收益低于无风险资产收益率。这是因为在规划投资项目时当然需要大量资金,所以如果预算和计算不当,就会导致投资项目失败,从而使公司蒙受巨大损失。本研究讨论的是 CV 公司一个项目的资本预算。ABC 公司将购买一台新机器。本研究讨论了如何计算初始投资、估算公司在项目期间将获得的收入、公司为投资项目发放的资本多久可以收回,以及最重要的是投资项目规划是否可行。资本预算的计算方法有投资回收期、贴现投资回收期、净现值(NPV)和内部收益率(IRR)。结果表明,通过计算 5 年的投资回收期,CV ABC 公司接受了购买玉米烘干机的计划,净现值和内部收益率被认为是可行的。
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引用次数: 0
EXPLORING THE EPIDEMIC OF DRUG ADDICTION IN KASHMIR: UNDERSTANDING ITS ROOT CAUSES 探讨克什米尔吸毒流行问题:了解其根源
Pub Date : 2023-08-18 DOI: 10.54443/jaruda.v2i2.94
Sarfaraz Ahmad Rather, I. Mir
Abstract Drug addiction, a complex and deeply entrenched issue, has emerged as a global challenge transcending borders and affecting diverse communities. This paper delves into the multifaceted nature of drug addiction, exploring its physiological, psychological, and social dimensions. From the initial allure to the devastating consequences, it examines the factors that drive individuals towards substance abuse and the subsequent impact on their health, relationships, and society at large. Through this exploration, the paper sheds light on the importance of comprehensive prevention, intervention, and rehabilitation strategies, as well as the need for empathy and understanding in addressing this pressing concern. Ultimately, it advocates for a collective effort to break the cycle of addiction and provide pathways to recovery and healing.
毒品成瘾是一个复杂而根深蒂固的问题,已经成为一个超越国界和影响不同社区的全球性挑战。本文深入探讨了药物成瘾的多面性,探讨了其生理、心理和社会层面。从最初的诱惑到毁灭性的后果,它审查了驱使个人滥用药物的因素以及随后对他们的健康、人际关系和整个社会的影响。通过这一探索,本文揭示了综合预防、干预和康复策略的重要性,以及在解决这一紧迫问题时同理心和理解的必要性。最终,它提倡集体努力打破成瘾的循环,并提供恢复和治疗的途径。
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引用次数: 0
AN EMPIRICAL ANALYSIS OF TAX REVENUE BUOYANCY IN JAMMU AND KASHMIR 查谟和克什米尔地区税收增长的实证分析
Pub Date : 2023-07-13 DOI: 10.54443/jaruda.v2i1.81
Mohd Aasif Bhat, Mohd Rafiq Khan
 Abstract Taxation is a powerful instrument to finance the deficits of a country. Buoyancy of Tax is a degree of the sensitivity of tax incomes to economic growth.  tax is said to be buoyant when revenues increase by more than one percent for a one percent rise in outputor national income (Audi, M. et. al. 2021). This paper is an attempt to examine the buoyancy of Tax revenue of J&K. The data is of time series nature covering the period from 2000- 01 to 2019-20 entirely relies on the secondary sources. The Augmented Dickey-fuller test has been used to check the unit root of the data. Ordinary least square method of regression has been used to estimate the buoyancy of tax revenue in Jammu and Kashmir. The results show that the buoyancy of all the major taxes is less than 1 except for other taxes(other taxes include many taxes).The implication is that the tax system did yield a less than 1 percent change resulting from economic activity, for every 1 percent change in GDP.
税收是弥补国家赤字的有力工具。税收弹性是指税收收入对经济增长的敏感程度。当产出国民收入增加1%,收入增加1%以上时,税收被认为是活跃的(Audi, M. et. al. 2021)。本文试图考察查谟克什米尔邦税收的弹性。数据为时间序列,覆盖2000- 01年至2019- 2020年,数据完全依赖二手来源。增广的Dickey-fuller检验被用来检查数据的单位根。用普通最小二乘回归方法估计了查谟和克什米尔的税收弹性。结果表明,除其他税种(其他税种包括多种税种)外,各主要税种的浮力均小于1。这意味着,在GDP每变化1%的情况下,税收制度确实产生了不到1%的由经济活动引起的变化。
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引用次数: 0
FISCAL POSITION OF THE UNION BUDGET IN INDIA DURING COVID-19 2019冠状病毒病期间印度联邦预算的财政状况
Pub Date : 2023-07-13 DOI: 10.54443/jaruda.v2i1.83
Mudasir Ahmad Ganai
The present study analyzes the fiscal position as an instrument to measure the amount of government borrowing to require the financial position and their budget shortfall. This study traces the major current changes in the Indian fiscal system during the period 2019-22, though the union's Government adopt the fiscal rule to reduce the financial crisis during the epidemic period of Covid-19. However, the current study also traces the percentage of GDP decrease because of the problem of lockdown during Covid-19 and also studies the budget position in India. The paper concludes with a discussion on the composition of union government receipts and expenditure position in the current scenario and indicated the situation of fiscal and revenue deficit of the government budget. Finally argue that subsidy rationalization is the way forward to fund the much-needed health expenditures and transfers while maintaining fiscal discipline.
本研究分析了财政状况作为衡量政府借债数额的工具,要求财政状况和其预算缺口。本研究追溯了2019- 2022年期间印度财政体系的主要变化,尽管印度政府在2019冠状病毒病流行期间采用了财政规则来减少金融危机。然而,目前的研究还追踪了由于Covid-19期间封锁问题导致的GDP下降百分比,并研究了印度的预算状况。本文最后讨论了当前情景下联邦政府收支状况的构成,并指出了政府预算的财政赤字和收入赤字情况。最后,认为补贴合理化是在维持财政纪律的同时为急需的卫生支出和转移提供资金的前进道路。
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引用次数: 0
EFFECT OF DEBT TO EQUITY RATIO (DER), TOTAL ASSET TURNOVER (TATO), INFLATION AND INTEREST RATE (SBI) ON PROFITABILITY IN CONSTRUCTION COMPANY (PERSERO) ON THE INDONESIA STOCK EXCHANGE 负债权益比(der)、总资产周转率(tato)、通货膨胀率和利率(sbi)对印尼证券交易所建筑公司(persero)盈利能力的影响
Pub Date : 2023-07-12 DOI: 10.54443/jaruda.v2i1.82
Jeda, Nurlela, Wahyuddin, Husaini
This study aims to determine the Debt To Equity Ratio (DER), Total Asset Turnover (TATO), Inflation and Interest Rates (SBI) on Profitability in construction companies (Persero) on the Indonesia Stock Exchange. This study uses secondary data in the form of construction company (Persero) financial reports for 2015-2021 accessed on the company's official website and www.bi.go.id. The population in this study were 22 companies and the sample used was 15 companies selected using the Purposive Sampling method. The results showed that DER had a positive but not significant effect on ROA, TATO had a positive and significant effect on ROA, INF had a positive but not significant effect on ROA, and SBI had a positive and insignificant effect on ROA.
本研究旨在确定债务权益比(DER),总资产周转率(TATO),通货膨胀率和利率(SBI)对印尼证券交易所建筑公司(Persero)盈利能力的影响。本研究使用的二手数据是建筑公司(Persero) 2015-2021年的财务报告,这些报告可以从该公司的官方网站和www.bi.go.id上获取。本研究的人口为22家公司,使用的样本为15家公司,采用有目的抽样方法选择。结果表明,DER对ROA有正但不显著的影响,TATO对ROA有正但不显著的影响,INF对ROA有正但不显著的影响,SBI对ROA有正但不显著的影响。
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引用次数: 0
THE ROLE OF WOMEN IN HISTORICAL MOVEMENTS: EMPOWERMENT, RESISTANCE AND SOCIAL CHANGE 妇女在历史运动中的作用:赋权、抵抗和社会变革
Pub Date : 2023-07-12 DOI: 10.54443/jaruda.v2i1.80
Dr. R. Rajeshwari
Abstract This paper aims to examine the significant and often overlooked contributions of women in historical movements. It delves into the diverse roles women have played in advocating for social change, challenging gender norms, and shaping the course of history. By analyzing case studies from different time periods and regions, this study highlights the ways in which women have been instrumental in driving progress and inspiring transformative movements. The research draws upon a range of primary and secondary sources to provide a comprehensive understanding of the multifaceted roles women have played in historical movements, ultimately highlighting the importance of gender inclusivity in narratives of social change.
摘要:本文旨在研究女性在历史运动中的重要贡献和经常被忽视的贡献。它深入探讨了女性在倡导社会变革、挑战性别规范和塑造历史进程中所扮演的不同角色。通过分析来自不同时期和地区的案例研究,本研究强调了妇女在推动进步和激发变革运动方面发挥的重要作用。该研究借鉴了一系列第一手和二手资料,全面了解了女性在历史运动中所扮演的多方面角色,最终强调了性别包容性在社会变革叙事中的重要性。
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引用次数: 0
ACCOUNTING PROFESSION: USING SWOT ANALYSIS APPROACH IN 5.0 SOCIETY ERA 会计行业:5.0社会时代的swot分析方法
Pub Date : 2023-07-06 DOI: 10.54443/jaruda.v2i1.79
Sari Nuzullina Rahmadhani
The accounting profession has a very important role in various entities and sectors. This study aims to examine the existence of the accounting profession related to the presence of the 5.0 industrial revolution era. This research uses quantitative methods. The sample in this study were accountants who worked as accountant educators, public accountants and tax consultants in the city of Medan, totaling 150 people. As a result, it is known that the role of the accounting profession in the era of the industrial revolution 5.0 has been transformed into digital skills, applying new technology prototypes, learning by doing, international certification-based education, responsive to changes in industry, business and technology development, as well as curricula and learning based on digital skills. Accountant professional bodies need to encourage and facilitate continuous learning for accountants, for example through an online course or knowledge base that can be accessed widely and provides real-time and continuous updating of knowledge. This is necessary so that the accounting profession can continue to exist in an era of challenges. 5.0.
会计职业在各个实体和部门中都扮演着非常重要的角色。本研究旨在检验与5.0工业革命时代的存在相关的会计职业的存在。本研究采用定量方法。本研究的样本是棉兰市从事会计教育、公共会计师和税务顾问工作的会计师,共150人。因此,众所周知,在工业革命5.0时代,会计职业的角色已经转变为数字技能,应用新技术原型,边做边学,国际认证教育,响应工业,商业和技术发展的变化,以及基于数字技能的课程和学习。会计专业团体需要鼓励和促进会计师的持续学习,例如通过可以广泛访问的在线课程或知识库,并提供实时和持续的知识更新。这是必要的,这样会计职业才能在一个充满挑战的时代继续存在。5.0.
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引用次数: 0
DYNAMICS OF THE RURAL INDIAN ECONOMY: A COMPREHENSIVE STUDY 印度农村经济动态:一项综合研究
Pub Date : 2023-07-04 DOI: 10.54443/jaruda.v2i1.77
Kumar Bharat, Vishwa Suresh
This research article presents a comprehensive study on the dynamics of the rural Indian economy. With a focus on understanding the key sectors, evaluating government policies, exploring technology's role, and analyzing challenges and opportunities, this study aims to provide insights into the intricacies of rural economic development. Through an in-depth examination of the primary sectors driving the rural economy, including agriculture, livestock, forestry, handicrafts, and rural industries, the research uncovers their economic significance, interdependencies, and growth potential. The assessment of government policies and initiatives sheds light on their impact on income generation, employment opportunities, infrastructure development, and market access in rural areas. the study explores the transformative power of technology and innovation in rural economic development. It investigates successful models and interventions that leverage technology to enhance productivity, value chain integration, and market access in rural sectors. The research also addresses the challenges faced by the rural Indian economy, such as agrarian distress, limited access to finance, inadequate infrastructure, and climate change impacts. By identifying opportunities for sustainable development, such as diversification of rural livelihoods, promotion of entrepreneurship, and strengthening of rural-urban linkages, this study aims to contribute to the advancement of rural economic growth and prosperity.
这篇研究文章对印度农村经济的动态进行了全面研究。本研究的重点是了解关键部门,评估政府政策,探索技术的作用,分析挑战和机遇,旨在为农村经济发展的复杂性提供见解。通过对农业、畜牧业、林业、手工业和农村工业等推动农村经济发展的主要产业的深入考察,本研究揭示了它们的经济意义、相互依存关系和增长潜力。对政府政策和举措的评估揭示了它们对农村地区创收、就业机会、基础设施发展和市场准入的影响。该研究探讨了技术和创新在农村经济发展中的变革力量。它调查了利用技术提高农村部门生产力、价值链整合和市场准入的成功模式和干预措施。该研究还解决了印度农村经济面临的挑战,如农业困境、融资渠道有限、基础设施不足以及气候变化影响。通过确定可持续发展的机会,如农村生计多样化、促进创业和加强城乡联系,本研究旨在促进农村经济增长和繁荣。
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引用次数: 0
RECOGNIZING THE ROLE OF FARMERS IN INDIA'S ECONOMIC SUCCESS FOR FINANCIAL WELL-BEING 认识到农民在印度经济成功和金融福祉中的作用
Pub Date : 2023-07-04 DOI: 10.54443/jaruda.v2i1.78
Vishwa Suresh, Kumar Bharat
This research article aims to shed light on the pivotal role played by farmers in India's economic success. Through a comprehensive review and analysis of existing literature, policy documents, and statistical data, this study examines the socioeconomic contributions of farmers, evaluates policy frameworks, investigates challenges faced by farmers, and proposes strategies for their empowerment. The findings highlight the multifaceted contributions of farmers to the Indian economy, including agricultural production, employment generation, rural development, and poverty alleviation. Additionally, the study assesses the effectiveness of existing policies and institutional frameworks in supporting farmers' economic role, identifying areas for improvement. It also delves into the challenges and constraints faced by Indian farmers, ranging from limited access to credit and land tenure issues to market volatility and climate change impacts. Based on the analysis, this article proposes strategies for empowering and promoting the economic well-being of Indian farmers. These strategies encompass technological advancements, agricultural diversification, farmer collectives, market linkages, and policy reforms. By recognizing and addressing the barriers hindering farmers' economic progress, the article argues that India can unlock the full potential of its agricultural sector, foster rural development, and achieve sustainable economic growth.
这篇研究文章旨在阐明农民在印度经济成功中所起的关键作用。通过对现有文献、政策文件和统计数据的全面回顾和分析,本研究考察了农民的社会经济贡献,评估了政策框架,调查了农民面临的挑战,并提出了赋予他们权力的策略。研究结果强调了农民对印度经济的多方面贡献,包括农业生产、创造就业、农村发展和减轻贫困。此外,该研究还评估了现有政策和体制框架在支持农民发挥经济作用方面的有效性,确定了需要改进的领域。它还深入研究了印度农民面临的挑战和制约因素,从获得信贷和土地使用权的有限机会到市场波动和气候变化的影响。在此基础上,本文提出了赋权和促进印度农民经济福祉的策略。这些战略包括技术进步、农业多样化、农民集体、市场联系和政策改革。通过认识和解决阻碍农民经济发展的障碍,文章认为印度可以释放其农业部门的全部潜力,促进农村发展,实现可持续的经济增长。
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引用次数: 1
MARKET ANOMAL TESTING REGARDING THE JANUARY EFFECT, ROGALSKI EFFECT AND MONDAY EFFECT IN BANKING SECTOR COMPANIES ON THE INDONESIA STOCK EXCHANGE 市场异常测试关于1月效应,rogalski效应和周一效应在印尼证券交易所的银行部门公司
Pub Date : 2023-07-03 DOI: 10.54443/jaruda.v2i1.76
Maulana Iqbal, Rico Nur Ilham, Darmawati, Widyana Verawaty Siregar
This study aims to look at market anomalies such as the January effect, Rogalski effect and Monday effect in the banking sub-sector companies in Indonesia. This study uses a quantitative method with an analysis of the Average Difference Test. negative. The Rogalski Effect shows no significant difference when Return is positive or negative. The Monday Effect shows that there is a significant difference in the Monday Effect when the Return is positive or negative.
本研究旨在研究市场异常现象,如1月效应,Rogalski效应和周一效应在印尼的银行子行业公司。本研究采用定量分析方法,采用平均差异检验。负的。当回报为正或负时,Rogalski效应无显著差异。周一效应表明,当收益率为正或负时,周一效应存在显著差异。
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引用次数: 0
期刊
Journal of Accounting Research, Utility Finance and Digital Assets
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