Journal articles on the topic 'Short-selling activity'
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1
Andrikopoulos, Panagiotis, James Clunie, and Antonios Siganos. "UK Short Selling Activity and Firm Performance." Journal of Business Finance & Accounting 39, no. 9-10 (November 2012): 1403–17. http://dx.doi.org/10.1111/jbfa.12003.
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Deev, Oleg, and Dagmar Linnertová. "The Determinants of ETFs Short Selling Activity." Procedia - Social and Behavioral Sciences 109 (January 2014): 669–73. http://dx.doi.org/10.1016/j.sbspro.2013.12.526.
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Cheung, Adrian W. K., Hung Wan Kot, Eric F. Y. Lam, and Harry K. M. Leung. "Toward understanding short‐selling activity: demand and supply." Accounting & Finance 60, no. 3 (December 12, 2018): 2203–30. http://dx.doi.org/10.1111/acfi.12430.
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Kot, Hung Wan, Ming-Hsiang Chen, Adrian (Wai Kong) Cheung, and Haiyu Huang. "Understanding short selling activity in the hospitality industry." International Journal of Hospitality Management 82 (September 2019): 136–48. http://dx.doi.org/10.1016/j.ijhm.2019.03.029.
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Saffi, Pedro A. C., and Carles Vergara‐Alert. "The Big Short: Short Selling Activity and Predictability in House Prices." Real Estate Economics 48, no. 4 (October 29, 2017): 1030–73. http://dx.doi.org/10.1111/1540-6229.12219.
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Blau, Benjamin, and Tyler J. Brough. "Concentrated short‐selling activity: bear raids or contrarian trading?" International Journal of Managerial Finance 8, no. 3 (June 22, 2012): 187–203. http://dx.doi.org/10.1108/17439131211238851.
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Blau, Benjamin M., Tyler J. Brough, Jason L. Smith, and Nathaniel M. Stephens. "An Examination of Short-Selling Activity Surrounding Auditor Changes." Journal of Accounting, Auditing & Finance 28, no. 4 (October 2013): 348–68. http://dx.doi.org/10.1177/0148558x13505594.
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VITTING ANDERSEN, JØRGEN. "COULD SHORT SELLING MAKE FINANCIAL MARKETS TUMBLE?" International Journal of Theoretical and Applied Finance 08, no. 04 (June 2005): 509–21. http://dx.doi.org/10.1142/s021902490500313x.
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It is suggested to consider long term trends of financial markets as a growth phenomenon. The question is what conditions are needed for a long term sustainable growth or contraction in a financial market? The paper discusses the role of traditional market players of long only mutual funds versus hedge funds which take both short and long positions. It will be argued that financial markets since their very origins and only till very recently, have been in a state of "broken symmetry" which favored long term growth instead of contraction. The reason for this "broken symmetry" in a long term "bull phase" is the historical almost complete dominance by long only players in financial markets. Only with the recent arrival of investors that take up short positions is the symmetry slowly being restored, with the implications, as will be argued, of an increased probability for lasting decline of the markets, i.e., appearance of a long term "bear phase". Recent short trade data of the Nasdaq Composite index show an increase in the short activity prior to or at the same time as dips in the market, and reveal an steady increase in short trading activity, reaching levels never seen before.
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Rhee, Yeongseop, and Sang Buhm Hahn. "Short Selling and Price Pressures in the Korean Stock Market." Journal of Derivatives and Quantitative Studies 23, no. 2 (May 31, 2015): 265–87. http://dx.doi.org/10.1108/jdqs-02-2015-b0005.
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This paper examines short-selling activity focusing on its behavior during non-normal times of occasional excesses in the Korean stock market. Using the methodology explained by Brunnermeier and Pederson (2005) and Shkilko et al. (2009; 2012), we first examine whether short-selling is predatory on those event days of large price reversals. Overall there is little predatory abnormal short-selling in the pre-rebound phase and we can observe active contrarian short-selling in the post-rebound phase. When we compared aggressiveness between short-selling and non-short-selling using order imbalance variables, we found that non-short selling is much more aggressive than short selling in the Korean stock market. From the observation of market liquidity measured by quoted spreads, we could find that market liquidity is somewhat limited during price decline stages while it slightly improves during price reversal phases. Also, using dynamic panel model, we test the influences of those variables on stock price changes and disaggregate the compound effect of short-selling reflected in trading volume itself into differentiated ones not only through pure trading channel but also through other complicated channels such as market sentiment change. Main findings from the regression results are as follows : In the Korean stock market, short sellers seem to behave as a contrarian trader rather than a momentum trader; seller-initiated aggressive trading, whether it is by short-selling or non-short-selling, leads to negative order imbalance and price decline; market liquidity is limited by short-selling and further pressure on price decline is added in the pre-rebound stage; and stock prices are affected not only through pure selling (buying) channel but also through other channels in the Korean stock market.
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Mazouz, Khelifa, and Yuliang Wu. "Why do firm fundamentals predict returns? Evidence from short selling activity." International Review of Financial Analysis 79 (January 2022): 101974. http://dx.doi.org/10.1016/j.irfa.2021.101974.
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Cheng, Lee-Young, Zhipeng Yan, Yan Zhao, and Wei-Fang Chang. "Short selling activity, price efficiency and fundamental value of IPO stocks." Pacific-Basin Finance Journal 20, no. 5 (November 2012): 809–24. http://dx.doi.org/10.1016/j.pacfin.2012.04.001.
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Zhang, Weiqi. "The Development and Problems of the Chinese Market Short Selling System." Highlights in Business, Economics and Management 2 (November 6, 2022): 175–80. http://dx.doi.org/10.54097/hbem.v2i.2358.
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This paper focuses on the short-selling mechanism in the Chinese capital market, which is not fully mature at this stage, and firstly explores the current development of its shorting behavior and related activities to show its impact on the market operation. Secondly, it analyzes important development issues such as low shorting activity, lagging shorting development process, and information disclosure. Research finds that the lag of shorting activities in the Chinese market is mainly due to the limited availability of underlying assets and the degree of information disclosure directly affects the activity of shorting. Overall, this paper has implications for the development of short selling in China's capital market and suggests constructive ways to improve the short selling mechanism in China's market and even in emerging markets.
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Mai, Wenzhen, and Nik Intan Norhan Binti Abdul Hamid. "Relaxation of Short-Selling Constraints and Innovation Investments of Energy Industry in China." European Journal of Energy Research 2, no. 5 (December 29, 2022): 9–12. http://dx.doi.org/10.24018/ejenergy.2022.2.5.93.
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The purpose of this research is to determine the effect of short-selling restrictions on the corporate innovation investments of China's publicly traded energy businesses. According to external governance theory, it is predicted that the deregulation of short selling serves as a monitoring role for energy businesses' innovation investments, which are particularly vulnerable to energy efficiency issues. Between 2010 and 2018, a multiple linear regression is undertaken on a panel data set of Chinese 64-listed energy companies. According to descriptive data, the average innovation investment of Chinese energy businesses is 2.24%, indicating a low level of innovation in the energy sector. The regression findings demonstrate that easing short-selling limitations may benefit energy businesses' innovative activity. The outcomes of this study indicate that financial officials should explore further loosening short-selling restrictions, which might benefit sectors of the energy business that are highly dependent on technological innovation practices and performance.
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Chen, Huimin (Amy), and Qiang Wu. "Short selling threat and real activity manipulation: Evidence from a natural experiment." Advances in Accounting 52 (March 2021): 100514. http://dx.doi.org/10.1016/j.adiac.2021.100514.
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Kim, Jinsu. "The Auto-correlation of Short-selling Activity on the Korean Stock Market." Korean Academic Association of Business Administration 34, no. 6 (June 30, 2021): 1047–74. http://dx.doi.org/10.18032/kaaba.2021.34.6.1047.
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SAFIEDDINE, ASSEM, and WILLIAM J. WILHELM. "An Empirical Investigation of Short-Selling Activity Prior to Seasoned Equity Offerings." Journal of Finance 51, no. 2 (June 1996): 729–49. http://dx.doi.org/10.1111/j.1540-6261.1996.tb02701.x.
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Liu, Lanlan, Dan Luo, and Ningru Zhao. "Short-selling Activity and Return Predictability: Evidence from the Chinese Stock Market." Emerging Markets Finance and Trade 56, no. 14 (December 6, 2019): 3445–67. http://dx.doi.org/10.1080/1540496x.2019.1694895.
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Hu, Ting, and Yanzhe Chi. "Can short selling activity predict the future returns of non-shortable peer firms?" Pacific-Basin Finance Journal 53 (February 2019): 165–85. http://dx.doi.org/10.1016/j.pacfin.2018.10.007.
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Sobaci, Cihat, Ahmet Sensoy, and Mutahhar Erturk. "Impact of short selling activity on market dynamics: Evidence from an emerging market." Journal of Financial Stability 15 (December 2014): 53–62. http://dx.doi.org/10.1016/j.jfs.2014.08.010.
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Boehmer, Ekkehart, Truong X. Duong, and Zsuzsa R. Huszár. "Short Covering Trades." Journal of Financial and Quantitative Analysis 53, no. 2 (March 28, 2018): 723–48. http://dx.doi.org/10.1017/s0022109017001193.
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Short sellers are known to have private information about security prices. Empirical evidence of short selling, however, is based on only half of short sellers’ trading activity; specifically, the opening of the position. Using disclosed large-short-position data from the Japanese stock market, we provide the first detailed evidence of covering trades and find a positive reaction to short covering that only partially reverses. Although these results are consistent with substantial transaction costs for closing large short positions, they also reveal that some short sellers are privately informed about positive future events and have timing ability in covering positions.
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Sullivan, Michael, and Andrew Jianzhong Zhang. "The Accrual Anomaly and the Announcement Effect of Short Arbitrage." Quarterly Journal of Finance 07, no. 01 (February 21, 2017): 1650017. http://dx.doi.org/10.1142/s2010139216500178.
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We investigate the accrual anomaly by examining the stock market reaction around the release of short interest information for firms with high accruals. We show that arbitrage activity, proxied by short interest, focuses on mispricing of firms with high accruals. In particular, we provide evidence that high accrual firms experience significant negative returns when high short interest levels are announced. In contrast, the announcement effect does not vary by short selling activity for low accrual firms. Our findings are consistent with the view that the accrual anomaly is due to overpricing.
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Dadej, Mateusz. "Short Position Disclosures and Underlying Stock Performance: Evidence from Polish Stock Market." Finanse i Prawo Finansowe 3, no. 27 (September 30, 2020): 63–75. http://dx.doi.org/10.18778/2391-6478.3.27.03.
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After introducing EU Regulation on short selling and certain aspects of credit default swaps, in 2012, investors holding a significant short positions are obliged to disclose it in a public manner, through the local supervisor registry. Beside the intended transparency, such a registry also have a cogent influence on behaviour of market participants. The Multimillion euros worth of short position is a strong view on underlying stock perspective, to say the least. Thus, many investors do care about the public disclosures of short positions and some of them manage their portfolios accordingly. The aim of herein paper is to provide quantitative assessment of stock performance following short position announcement and present activity of short selling investors on Polish stock market. The research hypothesis verified in this study stated that the prices of short sold stocks are exhibiting significant downward trend relative to the benchmark in a half a year period after disclosure.
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Liu, Fei, Jianhua Du, and Chao Bian. "Don’t Touch My Cheese: Short Selling Pressure, Executive Compensation Justification, and Real Activity Earnings Management." Emerging Markets Finance and Trade 55, no. 9 (November 8, 2018): 1969–90. http://dx.doi.org/10.1080/1540496x.2018.1501675.
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Sharif, Saqib, Hamish D. Anderson, and Ben R. Marshall. "The announcement and implementation reaction to China's margin trading and short selling pilot programme." International Journal of Managerial Finance 10, no. 3 (May 27, 2014): 368–84. http://dx.doi.org/10.1108/ijmf-08-2012-0094.
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Purpose – The purpose of this paper is to investigate how the announcement and implementation of short sales and margin trading regulation affects Chinese stock returns and trading volume. On 31 March 2010, the Chinese regulators launched a pilot programme, allowing short sales and margin trading for 50 Shanghai Stock Exchange and 40 Shenzhen Stock Exchange stocks. Design/methodology/approach – This paper uses an event study approach to compare market model abnormal returns (ARs) of the pilot firms with two distinct matched firm samples. A volume event study is also conducted to examine abnormal trading activity surrounding the key events in the pilot stocks. Findings – Negative ARs follow both the announcement and implementation of short selling and margin trading. This suggests the negative impact of short sales dominates the positive impact of margin trading on an average. Volume also declines, which is consistent with uninformed investors’ seeking to avoid trading against informed traders. Originality/value – The paper appears to be the first to address the impact of both the announcement and implementation of short selling and margin trading rule changes on returns and liquidity using individual stock data.
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Andriana, Yunita Fitra, Bayyinah Nurrul Haq, and Ulfa Septiana. "Pelatihan Pengolahan Sampah Botol Kaca dengan Teknik Decoupage di Desa Cibitung Wetan, Kabupaten Bogor." BERDAYA: Jurnal Pendidikan dan Pengabdian Kepada Masyarakat 3, no. 3 (December 26, 2021): 117–24. http://dx.doi.org/10.36407/berdaya.v3i3.472.
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This community service activity, which was carried out in Desa Cibitung Wetan, Kabupaten Bogor, aims to increase the skills of housewives in processing glass bottles waste into flower vases. The Posdaya in that village has a waste bank program that has been running well. One of the programs carried out routinely at the waste bank is sorting unorganic waste that can be recycled. Even so, after this sorting process a series of further processing is needed. The method used in this activity is a short training by providing special skill, which is decoupage technique. The training started with giving demonstrations, then continued with hands-on practice and ended with discussion session. Participants in this training activity consisted of housewives who were members of Posdaya. They come from families with middle to lower economic backgrounds. The skills given in this training are expected to increase the creativity of the participants in processing waste into products with selling value, so as it is able to increase family income.
Keywords: Waste Processing, Selling Value Products
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Malshe, Ashwin, Anatoli Colicev, and Vikas Mittal. "How Main Street Drives Wall Street: Customer (Dis)satisfaction, Short Sellers, and Abnormal Returns." Journal of Marketing Research 57, no. 6 (October 21, 2020): 1055–75. http://dx.doi.org/10.1177/0022243720954373.
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Although previous studies have established a direct link between customer-based metrics and stock returns, research is unclear on the mediated nature of their association. The authors examine the association of customer satisfaction and abnormal stock returns, as mediated by the trading behavior of short sellers. Using quarterly data from 273 firms over 2007–2017, the authors find that short interest—a measure of short seller activity—mediates the impact of customer satisfaction and dissatisfaction on abnormal stock returns. Customer dissatisfaction has a more pronounced effect on short selling compared with customer satisfaction. In addition, customer satisfaction and dissatisfaction are more relevant for firms with low capital intensity and firms that face lower competitive intensity. The results show that a one-unit increase in customer satisfaction is associated with a .56 percentage point increase in abnormal returns, while a one-unit increase in customer dissatisfaction is associated with a 1.34 percentage point decrease in abnormal returns.
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Doukas, John A., Chansog (Francis) Kim, and Christos Pantzalis. "Arbitrage Risk and Stock Mispricing." Journal of Financial and Quantitative Analysis 45, no. 4 (August 2010): 907–34. http://dx.doi.org/10.1017/s0022109010000293.
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AbstractIn this paper we examine the relation between equity mispricing and arbitrage risk and find that stocks with high arbitrage risk have higher estimated mispricing than stocks with low arbitrage risk. These results are not limited to high book-to-market or small capitalization stocks, and they are not sensitive to transaction and short-selling costs. In addition, they remain robust to alternative multifactor return generating specification models and mispricing measures. Overall, our empirical results are consistent with the conjecture that mispricing is a manifestation of the inability of arbitrageurs to hedge idiosyncratic risk, a major deterrent to arbitrage activity.
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Kapała, Anna Maria. "Legal status of farmers involved in short food supply chains, a comparative study." Review of European and Comparative Law 48, no. 1 (March 10, 2022): 43–65. http://dx.doi.org/10.31743/recl.12317.
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The legal status of farmers involved in food marketing is not determined by the EU legislator, however, EU policy encourages farmers’ participation in short food supply chains. The article aims to determine whether a farmer selling his products, both processed and unprocessed is subject to a favourable legal regime intended for the agricultural sector, or whether this activity qualifies him as a commercial entrepreneur. The legislation of three EU Member States and the law of the USA were subject to a comparative legal analysis, based on the dogmatic method. The study found that under the EU Member States’ law, farmers involved in short food supply chains are granted a privileged agricultural status, which certainly strengthens their market position in competition with food businesses and big retailers and is an incentive to undertake and conduct the activity of agri-food marketing. In turn, under American law, agricultural activity and direct marketing are economic activities that cause farmers to operate within a business as an entrepreneur. The main tool to support the participation of US farmers in short food supply chains is financial programmes offering incentives to direct marketing. It was concluded that the systemic legal solutions, as in the presented legislation of the EU countries, in contrast to aid programmes, provides farmers with favourable conditions in the long term, without additional bureaucracy and the need to fill out documents and applications, thus giving them a sense of confidence and stability in engaging in food direct marketing.
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Davis, Sean M., Jeffrey M. Coy, and Fernando Guillen Solis. "Short interest in mergers: anomalies in the overvaluation hypothesis." Managerial Finance 44, no. 8 (August 13, 2018): 972–91. http://dx.doi.org/10.1108/mf-07-2017-0253.
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Purpose High short interest is associated with overvaluation, and the purpose of this paper is to find contradictions to the commonly held “overvaluation hypothesis” when merger and acquisition (M&A) targets are examined. This paper extends the work of Ben-David et al. (2015), who confirm high short interest indicates overvaluation when focused on acquiring firms. Design/methodology/approach Short interest is examined as a predictor of acquisition likelihood using longitudinal data for US firms from 2003 to 2013. How short interest impacts the premiums paid by acquiring firms is examined with target, acquirer and deal characteristics. Findings M&A targets have high short interest and short interest increases acquisition likelihood, suggesting undervaluation. Highly shorted firms also experience outsized reductions in share price prior to merger announcements, and the premiums paid are also significantly predicted by short interest levels. Research limitations/implications Short selling activity can be motivated for reasons other than overvaluation, and many short positions can be held for long periods before they are closed, leading to high short interest levels for extended periods. Therefore, investors and researchers are cautioned that high short interest levels may exist in stocks that have already declined in price and could be poised for a reversal. Originality/value This study adds to the growing body of work indicating that short interest might not be the signal of overvaluation most researchers accept it to be.
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Gao, George, Qingzhong Ma, and David Ng. "The informativeness of short sellers: an insider’s perspective." China Finance Review International 8, no. 4 (November 19, 2018): 354–86. http://dx.doi.org/10.1108/cfri-08-2017-0193.
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Purpose The purpose of this paper is to empirically examine whether corporate insiders extract information from activity of outsiders, specifically the short sellers. Design/methodology/approach Using portfolio approach and Fama-MacBeth regressions, this study examines the relation between short interest and subsequent insider trading activities. Findings The following results are reported. First, there is a strong inverse relation between short selling and subsequent insider trading, which is partially due to common private information and same target firm characteristics. Second, insiders extract information from shorts. This information extraction effect is more pronounced for firms whose insiders have stronger incentives to extract shorts information (insider purchases, higher short sale constraints, and better information environments). Third, during the September 2008 shorting ban, the information extraction affect disappeared among the large banned firms, whose shorting activities were distorted. Research limitations/implications The findings contradict the of-cited accusations corporate executives hold against short sellers. Instead, corporate insiders appear to trade in the same direction as suggested by shorting activities. Practical implications Among the vocal critics of short sellers are corporate insiders, who allege that short sellers beat down their stock prices. Many corporations even engage in stock repurchases to show confidence that the stock will perform well going forward despite the short sellers’ actions. This paper’s analysis on their personal portfolios suggests the other way around. Originality/value By focusing on how corporate insider trading is related to shorts information, this paper sheds new light on whether corporate decisions convey the true information the corporate insiders possess.
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Bernstein, Anita. "Working Sex Words." Michigan Journal of Gender & Law, no. 24.2 (2017): 221. http://dx.doi.org/10.36641/mjgl.24.2.working.
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Imagine yourself tasked to speak for a few minutes about legal controls on sex-selling in the United States, or any other country you choose. You need not have thought about the particulars. As someone willing to read a law review article, you have enough to say because sex-selling overlaps with the subject knowledge you already have. Criminal law, contracts, employment law, immigration law, tort law, zoning, commercial law, and intellectual property, among other legal categories, all intersect with this topic. In your brief remarks on how law attempts to mediate the sale and purchase of sex, you have only one modest constraint: Omit a short list of nouns. Describe paid-for sex as a regulated activity without using the words “prostitute” (including “prostitution”), “sex work” (or “sex worker”), “legalization,” “decriminalization,” “john,” “pimp,” “madam,” “trafficking,” and “Nordic model” or “Swedish model.” The premise of the exercise may be familiar from a game marketed under two names, Taboo and Catchphrase. When competing, a member of a team is told a word or phrase and then has to convey its meaning to teammates from whom the word has been hidden. Rules constrain players: The clue-giver is allowed to make any physical gesture and give almost any verbal clue to get his/her team to say the word. But you may NOT: • Say a word that RHYMES with the word. • Give the FIRST LETTER of the word. • Say A PART OF THE WORD in the clue (i.e., shoe for shoe horn). But why, you may reasonably wonder, would anyone discuss an issue in American legal regulation by copying a game that demands dodging? Evasion is anathema to regulation, an endeavor that references an activity and then tries to give intelligible guidance about what participants in the regulated sector must, must not, and may do. Playing Taboo/Catchphrase about the law of sex-selling and -buying seems unproductive, to say the least.
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Winingsih, Titis Rahayu, and Yustirania Septiani. "Indonesian Coffee Export Analysis to Germany From 1990 to 2019." AFEBI Economic and Finance Review 7, no. 1 (June 30, 2022): 73. http://dx.doi.org/10.47312/aefr.v7i1.520.
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<p><em>Export is the activity of selling goods abroad, one of Indonesia's main export commodities is coffee. Germany is the highest coffee consuming country in the European region, this makes Germany a potential market for Indonesian exports. This study was conducted to determine the factors that affect the volume of Indonesian coffee exports to Germany using quantitative methods and secondary data types in the form of time series from 1990 to 2019. The data sources were obtained from the Directorate General of Plantation (Ditjebun), the Central Statistics Agency ( BPS), World Bank, International Coffee Organization (ICO). Multiple regression model with ECM approach was used to analyze the data. The results of this study indicate that in the long and short term coffee production, German GDP and world coffee prices have an insignificant negative effect on coffee export activities, but in the short term the coffee production variable has a positive and insignificant effect.</em><em></em></p>
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Kropsz, Irena. "Financial liquidity of the horticultural enterprise PPO Siechnice in Poland." Equilibrium 5, no. 2 (December 31, 2010): 243–52. http://dx.doi.org/10.12775/equil.2010.039.
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One of the key issues in evaluating the financial condition of a company is the analysis of assets in relation to the due indebtedness, i.e. short-term obligations. Liquidity ratios calculated in such a manner help in the drawing of conclusions on the liquidity of the enterprise and its ability to pay its short-term liabilities. This paper examines the financial liquidity in 2005-2007 of a horticultural enterprise, producing and selling food, based on information available in the balance sheet, income statement, and the cash flow statement, as published in the company's financial reports. The company was selected using the following criteria: location in Lower Silesia, Poland, in a municipal-rural commune, and operating in the agricultural-food sector. The study was based on business books of the examined company. The economic analysis involved mainly the financial liquidity ratios. Additionally, descriptive and comparative methods were used to characterize and interpret the results. The results of the study show that the company had a good financial situation and had no problems with payment of current obligations without waiting for accounts receivable or de-stocking. Additionally, liquidity analysis based on transfers from its operating activity showed that the obligations of the examined company could be covered by money obtained during its operating activities.
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Owen, Michael, Vincent Vincent, Riama Br Ambarita, and Evta Indra. "IMPLEMENTASI METODE LONG SHORT TERM MEMORY UNTUK MEMPREDIKSI PERGERAKAN NILAI HARGA EMAS." Jurnal Teknik Informasi dan Komputer (Tekinkom) 5, no. 1 (June 30, 2022): 96. http://dx.doi.org/10.37600/tekinkom.v5i1.507.
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Investment is an activity that is invested or financed with the hope of profit or return in the future. One form of investment is to use gold. Many people are interested in investing in gold. Apart from being quite affordable, investing in gold is also very easy to do and flexible. Gold is included in the low risk investment class because its price movements tend to follow the rate of inflation. This study uses the Long Short Term Memory (LSTM) method to predict the movement of gold prices which will visualize the data in the form of a Line Chart. This study aims to provide decision support material regarding the movement of buying and selling prices of gold through the presentation of data aimed at people who invest in gold. However, real gold price movements cannot be separated from external factors such as the exchange rate of the rupiah against foreign currencies, import export policies and other government policies. There are many influencing factors such as opening price, closing price, adjust close, volume, highs, lows recorded over a certain period of time. Another factor is the Daily Return which can be positive (Grown In Value) and negative (Lost In Value).
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Kusmayadi, Andri, and Ristina Siti Sundari. "PELATIHAN PENGOLAHAN TELUR ASIN ASAP SEBAGAI UPAYA MENINGKATKAN NILAI JUAL TELUR ITIK SEGAR DI DUSUN CIHATEUP." LOGISTA - Jurnal Ilmiah Pengabdian kepada Masyarakat 4, no. 1 (June 30, 2020): 104. http://dx.doi.org/10.25077/logista.4.1.104-109.2020.
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Dusun Cihateup sebagai wilayah domestikasi itik Cihateup memiliki potensi sebagai penghasil telur itik yang cukup melimpah. Telur itik di wilayah ini memiliki nilai jual yang relatif murah. Untuk meningkatkan nilai jual telur itik telah dilakukan pengolahan lebih lanjut menjadi telur itik asin. Pengolahan telur menjadi telur asin memiliki nilai jual yang lebih meningkat meskipun tidak signifikan dan daya tahan yang cenderung singkat. Oleh karena itu perlu dilakukan proses pengasapan pada telur asin sehingga nilai jual telur meningkat dan daya tahan produk semakin bertahan lama. Selain dengan metode pengasapan, penambahan asap cair pada proses pemeraman dilaporkan dapat meningkatkan nilai sensoris dan daya tahan produk telur asin yang semakin lama. Program pengabdian bertujuan untuk menyelesaikan permasalahan yang dihadapi oleh warga dan anggota kelompok ternak yang ada di Dusun Cihateup yaitu rendahnya nilai jual telur itik dan daya tahan telur yang relative singkat. Tujuan khusus pengabdian masyarakat ini yaitu meningkatkan nilai jual telur dan menyediakan produk telur itik yang tahan lama melalui metode pengasapan. Kegiatan berlangsung dari Januari sampai Juni 2020 di Dusun Cihateup Desa Sukanagalih Kecamatan Rajapolah Kabupaten Tasikmalaya. Metode pelaksanaan kegiatan terdiri atas penyuluhan, pelatihan dan pendampingan pada warga, wanita tani dan anggota kelompok ternak “Kelompok Megar Bebek Cihateup”. Hasil program ini yaitu meningkatnya nilai jual dan pendapatan dari penjualan telur asin asap dan terciptanya produk telur asin asap yang memiliki daya tahan yang lebih lama. Pengolahan telur itik yang semakin banyak diduga mampu meningkatkan keuntungan lebih banyak.
Kata kunci: Dusun Cihateup, Pengasapan, Telur asin asap, Telur itik
ABSTRACT
Cihateup Hamlet as an area of domestication of Cihateup ducks has potential as a producer of sufficiently abundant duck eggs. Duck eggs in this region have a relatively cheap sale value. To increase the selling value of duck eggs, further processing has been done into salted duck eggs. Processing eggs into salted eggs has a selling value that is increasing even though it is not significant and the durability tends to be short. Therefore, it is necessary to process the fumigation of salted eggs so that the selling value of eggs increases and the durability of the product lasts longer. In addition to the fogging method, the addition of liquid smoke to the curing process is reported to increase the sensory value and the durability of salted egg products for longer. The service program aims to solve the problems faced by residents and members of livestock groups in the Cihateup hamlet, namely the low selling value of duck eggs and relatively short egg resistance. The specific purpose of this community service is to increase the sale value of eggs and provide long-lasting duck egg products through the smoking method. The activity took place from January to June 2020 in Cihateup Hamlet, Sukanagalih Village, Rajapolah District, Tasikmalaya Regency. The method of carrying out activities consists of counseling, training and mentoring to residents, farm women and members of the livestock group "Kelompok Megar Bebek Cihateup". The results of this program are the increase in sales value and income from the sale of smoked salted eggs and the creation of smoked salted egg products that have longer durability. Processing more and more duck eggs is thought to be able to increase profits more.
Keywords: Cihateup hamlet, Fumigation, Smoked salted eggs, Duck eggs
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Prachyachuwong, Kittisak, and Peerapon Vateekul. "Stock Trend Prediction Using Deep Learning Approach on Technical Indicator and Industrial Specific Information." Information 12, no. 6 (June 15, 2021): 250. http://dx.doi.org/10.3390/info12060250.
Full textAbstract:
A stock trend prediction has been in the spotlight from the past to the present. Fortunately, there is an enormous amount of information available nowadays. There were prior attempts that have tried to forecast the trend using textual information; however, it can be further improved since they relied on fixed word embedding, and it depends on the sentiment of the whole market. In this paper, we propose a deep learning model to predict the Thailand Futures Exchange (TFEX) with the ability to analyze both numerical and textual information. We have used Thai economic news headlines from various online sources. To obtain better news sentiment, we have divided the headlines into industry-specific indexes (also called “sectors”) to reflect the movement of securities of the same fundamental. The proposed method consists of Long Short-Term Memory Network (LSTM) and Bidirectional Encoder Representations from Transformers (BERT) architectures to predict daily stock market activity. We have evaluated model performance by considering predictive accuracy and the returns obtained from the simulation of buying and selling. The experimental results demonstrate that enhancing both numerical and textual information of each sector can improve prediction performance and outperform all baselines.
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Sieczko, Anna. "DIRECT SALES OF PRODUCTS OF ANIMAL ORIGIN IN POLAND." Annals of the Polish Association of Agricultural and Agribusiness Economists XXI, no. 4 (October 16, 2019): 413–20. http://dx.doi.org/10.5604/01.3001.0013.5354.
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The purpose of this paper was to determine the scale and product categories involved in direct sales of food of animal origin and small scale agricultural retail trade as well as an analysis of direct sales covering the period from October 2016 to August 2019. The European Commission promotes short food supply chains, recommending that Member States simplify rules regulating direct selling. In 2017, Poland simplified the law on the sale of processed and unprocessed food of animal and non-animal origin by farmers. The study focused on farms run by farmers involved in the direct sales of products of animal origin and small scale agricultural retail trade. Such activity must be reported to the General Veterinary Inspectorate (GIW). The analysis showed that the direct sales of food products are developing and involve an increasing number of producers offering produce. Compared to 2016, the number of entities involved in registered direct sales increased by 28.5%. The categories of products most often sold through direct sales involve – unprocessed bee products, table eggs and fishery, while small scale agricultural retail trade mostly focused on table eggs, unprocessed bee products, dairy products, raw milk and meat products.
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Abdulzahra Hamdan, Ahmed, and Safaa Ali Hussein. "Cooperative decision-making on fiscal and monetary policy in Iraq using the prisoner’s dilemma." Banks and Bank Systems 15, no. 4 (December 9, 2020): 88–98. http://dx.doi.org/10.21511/bbs.15(4).2020.08.
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This paper investigates the interaction between fiscal and monetary policy in Iraq after 2003 using the prisoner’s dilemma.The paper aims to determine the best form of coordination between these policies to achieve their goals; payoff matrix for both policies was constructed. To achieve the purpose, the quantitative approach was applied using several methods, including regression, building payoff matrices and decision analysis using a number of software.The results of the monetary policy payment function show that inflation rate has an inverse relationship with the auctions of selling foreign currency and a positive relationship with the government’s activity, while the fiscal policy function shows that real growth is positively related to price levels (the inverted Phillips curve) and correlates with the government’s activity. After using the Gambit Solution to determine the Nash balance, which is achieved through the expansion strategies of both policies to confirm the results, the Promethee-Gaia method was used for multi-criteria decision making. When the two policies interact with similar forces (50% each), the best decision is one of the expansionary strategies that help achieve their main objectives in the short and long term, represented by price stability and economic growth.The main conclusion is that the best way to achieve the goals of economic policy in Iraq is that the coordination of procedures between the two policies should be expansionary, since the Iraqi economy needs to be stimulated due to the under-exploitation of many its sectors, such as agriculture and industry.
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Kumar, Vijay. "What Customer Wants to Read in Your Proposal." European Journal of Marketing and Economics 4, no. 2 (October 1, 2021): 26. http://dx.doi.org/10.26417/707udn47c.
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Earlier sales executives using their interpersonal - social skills built and cemented relationships with procurement officials over golf games, theatre outings and major events. That era is slowly but surely coming to an end. Today in the digital age, the context is completely different. Every organisation has access to vendors across the globe. Thanks to Artificial Intelligence (AI), organisations can compare their procurement performance in unprecedented detail. Procurement teams have relevant tools and technology to gather insights about seller’s product or service offerings to the minutest detail. However, organisations are also under constant pressure to generate value to their stakeholders on quarter-on-quarter basis. Organisations are looking towards sellers to create value to their stakeholders. Sellers should innovate and help organisations grow in multiple dimensions. Empower organisations generate value to their stakeholders. In short become their strategic partner. In this new arrangement, seller-buyer relationship is no more a transactional, order- taking and resource supplying activity. Selling process is transformed with focus on value creation. Value proposition is the core of value creation. Infact it is a disciplined concept. Sellers who use it as strategic asset create win - win situation. This research paper walks through value creation process and details how value propositions are developed.
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Suradiyanto, Suradiyanto. "ASPEK YURIDIS PASAR MODAL SEBAGAI SARANA PEMBIAYAAN DAN PENGEMBANGAN PERUSAHAAN." Yuriska : Jurnal Ilmiah Hukum 10, no. 1 (February 4, 2020): 13. http://dx.doi.org/10.24903/yrs.v10i1.258.
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Parties that require investment fund is not limited to the government alone, but also other productive sectors of the private sector. If the government usually acts as an initiative taker physical infrastructure development, the private sector (individuals and companies) to act as a driver of economic activity such as attempts commercial production of goods and services calculated based on pure business will be profitable. All this requires a good investment fund short-term nature, such as working capital for the cost of operational needs, as well as long-term funds such as for procurement of fixed assets required. In order to meet the needs of the company will fund as a means of financing and development can be done through various options of financing the company and one of the company's financing alternatives can be done by finding others to participate invest in the company. This can be done by selling the majority ownership of the company to the general public by way of public offering (go public) through the capital market. Initial public offerings made by the company through the capital market can make the company receives cash from the public which can then be used by the company for financing and development of the company
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Suradiyanto, Suradiyanto. "ASPEK YURIDIS PASAR MODAL SEBAGAI SARANA PEMBIAYAAN DAN PENGEMBANGAN PERUSAHAAN." Yuriska : Jurnal Ilmiah Hukum 10, no. 1 (February 25, 2018): 13. http://dx.doi.org/10.24903/yrs.v10i1.264.
Full textAbstract:
Parties that require investment fund is not limited to the government alone, but also other productive sectors of the private sector. If the government usually acts as an initiative taker physical infrastructure development, the private sector (individuals and companies) to act as a driver of economic activity such as attempts commercial production of goods and services calculated based on pure business will be profitable. All this requires a good investment fund short-term nature, such as working capital for the cost of operational needs, as well as long-term funds such as for procurement of fixed assets required. In order to meet the needs of the company will fund as a means of financing and development can be done through various options of financing the company and one of the company's financing alternatives can be done by finding others to participate invest in the company. This can be done by selling the majority ownership of the company to the general public by way of public offering (go public) through the capital market. Initial public offerings made by the company through the capital market can make the company receives cash from the public which can then be used by the company for financing and development of the company
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Oktapriana, Chita, Dade Nurdiniah, Kadek Wisnu Bhuana, and Nunuk Novianti. "PENDAMPINGAN PERHITUNGAN HARGA JUAL MELALUI METODE SERVICE LEARNING BAGI KEDAI KOPI DI KOTA BEKASI." LOGISTA - Jurnal Ilmiah Pengabdian kepada Masyarakat 5, no. 2 (December 30, 2021): 265. http://dx.doi.org/10.25077/logista.5.2.265-274.2021.
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Kemampuan bertahan bagi pelaku usaha UMKM di era pandemic COVID-19 menjadi sebuah tantangan tersendiri. Turunnya daya beli konsumen menjadi salah satu isu yang menjadi perhatian khusus bagi salah satu kedai kopi di pusat kota Bekasi. Penurunan omzet penjualan teridentifikasi pada menu dengan bahan baku premium yang relative dijual dengan harga tinggi. Adanya kondisi ini berdampak pada kerugian terkait penyimpanan stok bahan baku premium yang memiliki masa simpan singkat namun harga beli tinggi. Tujuan utama pelatihan ini adalah untuk membantu mitra dalam menentukan metode pengelolaan bahan baku premium yang tepat sehingga dapat meminimalisir risiko kerugian akibat kerusakan bahan baku. Dengan adanya metode yang tepat maka akan dapat melakukan perhitungan harga jual yang tepat pula. Metode yang dilakukan dalam kegiatan ini adalah melalui pelatihan dan pendampingan intensif dengan pendekatan service learning. Adapun bentuk pelatihan yang dilakukan adalah sebanyak 10 kali pertemuan daring oleh tim dosen sarjana Akuntansi di Universitas Bina Insani. Selama melakukan pelatihan dan pendampingan didapati adanya kekeliruan alokasi modal dalam perhitungan harga jual sehingga menjadi terlalu tinggi dibandingkan harga jual pasaran. Selain itu didapati pula masalah terkait manajemen persediaan biji kopi yang menjadi salah satu akar masalah kerugian. Setelah melakukan pelatihan dan pendampingan ini terjadi peningkatan penjualan dan berdampak pada peningkatan keuntungan mitra sebesar 76%. Peningkatan ini terjadi setelah adanya perhitungan HPP dengan metode full costing dan penerapan pricing-strategies yang tepat.
Kata kunci: service learning, pengelolaan bahan baku, harga jual, full costing, pricing strategies
ABSTRACT
The ability to survive for MSME business in the era of the COVID-19 pandemic is a challenge in itself. The decline in consumer purchasing power is an issue that is of particular concern to one of the coffee shops in downtown Bekasi. The decline in sales turnover was identified on the menu with premium raw materials which were relatively sold at high prices. The existence of this condition has an impact on losses related to the storage of premium raw material stocks which have a short shelf life but high purchase prices. The main objective of this training is to assist partners in determining the right method of managing premium raw materials so as to minimize the risk of loss due to damage to raw materials. With the right method, it will be able to calculate the right selling price as well. The method used in this activity is through intensive training and assistance with a service learning approach. The form of training carried out was 10 online meetings by a team of Accounting lecturers at Bina Insani University. During the training and mentoring, it was found that there was an error in the allocation of capital in the calculation of the selling price so that it was too high compared to the market selling price. In addition, there were also problems related to coffee bean inventory management which became one of the root causes of losses. After conducting this training and mentoring, there was an increase in sales and an impact on increasing partner profits by 76%. This increase occurred after the calculation of COGS using the full costing method and the application of appropriate pricing strategies.
Keywords: service learning, raw material management, selling pricel, full costing, pricing strategies
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Hertati, Lesi, Asmawati Asmawati, Lili Syahfitri, and Rum Hendarmin. "Pelatihan Peran Inovasi, E-Commerce, Ekosistem Mendorong Inovasi Produk Unggulan Desa." ABDIMASY: Jurnal Pengabdian dan Pemberdayaan Masyarakat 3, no. 1 (June 30, 2022): 36–55. http://dx.doi.org/10.46963/ams.v3i1.522.
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This community service aims to train the UMKM of Musi Banyuasin village for product creativity from a village to produce superior products of the highest quality and can be marketed through a more modern way, namely e.commerce. The method applied is lectures and direct practice, the benefits of E-commerce are quite helpful, namely online shopping, humans no longer have to go to shopping centers. The output of this service activity adds to the knowledge and expertise of Village MSMEs in selling village handicrafts. Visiting e-commerce sites, and shopping for all completed transactions and goods until your doorsteps. The various conveniences of E-Commerce, being able to start an e-commerce business is a promising business so you don't need to hesitate to try it. The Village Innovation Program (PID) increases rural productivity by relying on local economic development and entrepreneurship, both in the realm of community business development, as well as businesses initiated by the Village through Village-Owned Enterprises and Joint Village-Owned Enterprises, as well as Village Leading Products (Prudes ) and Superior Products for Rural Areas (Prukades) to drive and develop the Village economy. Improving the quality of human resources (This link between rural productivity and the quality of human resources is expected to occur in the short term as well as significant impacts in the long term through investment in basic education and health.
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Yatsiv, Ihor, and Svitlana Yatsiv. "PECULIARITIES OF THE FORMATION OF COMPETITIVE ADVANTAGES OF AGRICULTURAL ENTERPRISES." Economic Analysis, no. 28(1) (2018): 278–85. http://dx.doi.org/10.35774/econa2018.01.278.
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For agricultural enterprises, as well as other subjects of entrepreneurial activity, the acquisition of competitive advantages connected with lower costs and high quality of products becomes actual one. In this research, we have used the method that allows establishing the prevailing approaches and the main results of the formation of competitive advantages of agricultural enterprises. It is based on the analytical grouping of a set of enterprises. They can serve the criteria of competitive advantages or competitiveness of economic entities. It is revealed that the majority of agricultural enterprises of the region under study can see only cost savings in the theory of low cost savings and. It can lead to a decrease in the productivity of land and animals. The effect in the form of lower cost is a short-term one and it does not ensure the formation of a stable competitive advantage. A strategy, which is focused on obtaining a competitive advantage in the form of a higher selling price, applies a limited range of agricultural producers. The approaches, which are the basis for the strategies of large enterprises that can attract significant financial resources into production, are characterised. They focus on increasing their shares in the markets of agricultural products and resources. The often show in the report losses from the main activities.
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Rykov, Sergei Sergeevich. "Amateur marathon running in modern literature: types of description and reflection of reading." Культура и искусство, no. 12 (December 2022): 21–31. http://dx.doi.org/10.7256/2454-0625.2022.12.38319.
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The main purpose of this work is to analyze the modern literature on amateur marathon running and the motivational effect that such publications give to novice marathon runners. The author pays special attention to the fact that the appearance of such literature in recent years has coincided with a general decline in reader activity around the world. This demand may be explained by the fact that the preparation of a marathon runner is very specific and requires a lot of time for training. And this feature, which consists in long-term planning, makes it an additional attractive "long-term project" in comparison with most modern tasks, which are increasingly, being short-term, perceived as a duty-passing fluidity of life. The fact that there is no similar literary activity in other sports (best-selling books based on the description of the sport as a plot basis, the presence of authors – former athletes), allows us to conclude that marathon running, becoming not only a professional sport, but also acquiring the status of an amateur, is a challenge, generating the need for constant reflection both among the authors themselves and among readers. Against the background of the analysis of the content of books and "feedback" (readers' feedback), it is concluded that the basis of the appeal and mass popularity of amateur marathons should be associated with the "culture of challenge", which is clearly manifested in the practices of understanding and development of amateur running. The culture of challenge can be interpreted from the standpoint of L.N. Kogan's value-motivational analysis of culture and understood as the realization of essential human forces.
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Bruwer, Johan, and Kathleen Kelley. "Service performance quality evaluation and satisfaction in a USA wine festivalscape." International Journal of Event and Festival Management 6, no. 1 (March 16, 2015): 18–38. http://dx.doi.org/10.1108/ijefm-04-2014-0009.
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Purpose – The purpose of this paper is to examine the links between perceived festival service performance quality, satisfaction, buying wine at the event, and the first-time/repeat tourist dynamic. Design/methodology/approach – The research was conducted on 368 attendees at a major wine festival in the northeast USA using intercept face-to-face interviews. Findings – The facility-related quality aspects are a stronger predictor of buying behaviour than activity-related aspects and amenities. A relationship between performance quality perception and satisfaction could not be found. 35-year and older repeat visitors are the highest yielding festival visitor group from a financial viewpoint. First-timers are far more short-term oriented than repeat visitors when making the final decision to attend the festival event. Research limitations/implications – It is very important to achieve a high degree of repeat festival attendance as this directly influenced the financial gains in selling more wine. The nature and types of activities offered at a festival must be cohesive with the theme of the event. The festival activities offered should be continually evaluated for signs of wear out, and renewed, or replaced if necessary. Originality/value – The research provides a new perspective to festivalscape knowledge in that it identifies the first-time and repeat visitor dynamic as a strong predictor of actual buying behaviour at a festival. The higher the proportion of repeat visitors, the higher the likelihood of (wine) buying.
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TODERICIU, Ramona, and Alexandra BOANTA. "A WAY FORWARD FOR ROMANIAN SMALL BUSINESSES AFTER THE PANDEMIC." Revista Economica 73, no. 1 (March 10, 2021): 114–23. http://dx.doi.org/10.56043/reveco-2021-0010.
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The impact of the SARS-COV-2 virus on small and medium-sized businesses is huge, with most businesses having difficulty staying afloat during the pandemic period. Uncertainty is a major factor that can have a truly major impact on small businesses, and this was especially evident during a pandemic. Certainly 2020 is a year of challenges, with a significant impact on SMEs, a year in which the decisions taken by managers will have a significant impact on the direction of their business, a year in which adaptation to current customer requirements is crucial. Thus, it is necessary that managers know and analyze the current market trends so as to approach proactively the adaptation difficulties encountered. The activity of companies has developed mainly in the online environment, in order to maintain contact with customers and to keep the business alive by selling the products and services offered through online platforms. The present study aims to review and analyse the short-term effects of the Covid-19 pandemic, in order to disseminate the economic effects caused during this period relating to the impact of staff layoffs, restriction or business reorientation, and effects that can generate, in certain situations, economic recession, with temporary or even permanent damages. Therefore, we can say that there are good reasons to believe, as many specialists say, that the effect of the pandemic will be felt for a longer period, without being able to expect a sudden economic recovery, but a slow and long lasting one.
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Guo, Lingfeng, Lawrence Kryzanowski, and Yinlin Nie. "Share classes, families and asset purchases: Canadian evidence." Managerial Finance 46, no. 2 (June 13, 2019): 217–36. http://dx.doi.org/10.1108/mf-02-2019-0081.
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Purpose The purpose of this paper is to test if relative asset purchase values (RAPVs) differ between single- and dual-class purchasers (not) differentiated by family ownership for Canadian firms. Design/methodology/approach The paper uses multivariate regressions and 2SLS estimations of simultaneous equations models with both continuous and dichotomous endogenous variables. Data on share structures and family involvements are hand collected. Findings RAPVs for dual-class purchasers are significantly different (larger) than their single-class counterparts only for family-controlled samples. Larger RAPVs for dual-class purchases are associated with higher degrees of dual-class structures, higher family ownerships and with boards with no more than one family member. Research limitations/implications RAPV is important because of its common use as a primary determinant of the wealth effects of M&As, its use as an exchange-rate proxy in two-stage regressions used to determine the amount of abnormal returns attributable to short selling activity around M&A announcements, and its use as a channel for conveying information about deal complexity, seller’s bargaining power, additional monitoring benefits from purchase and/or greater challenges in incorporating a purchase into existing assets. Larger sample size would facilitate more differentiated examinations. Practical implications Findings imply that dual-class share structures assist family shareholders in elevating their control over corporate decisions involving asset purchases. Social implications This paper furthers the authors’ knowledge about the effects of agency issues on corporate decisions. Originality/value It provides an extension and robustness test of the US evidence for asset purchases by providing evidence for Canada given its greater preponderance of families as the ultimate controlling shareholders, restricted or subordinated voting shares issued and pyramidal structures.
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Jantyik, Lili, Áron Török, and Jeremiás Máté Balogh. "Identification of the factors influencing the profitability of the Hungarian beer industry." Review on Agriculture and Rural Development 8, no. 1-2 (May 26, 2019): 163–67. http://dx.doi.org/10.14232/rard.2019.1-2.163-167.
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Beer consumption and beer industry is an important beverage sector in Hungary because the beer is the most consumed alcoholic beverage in the country according to WHO studies. During history, breweries developed in different size and different values. The Hungarian beer industry can be divided into three groups of breweries: old large scale breweries, old microbreweries and new wave microbreweries. In this paper, we examine the factors influencing the economic performance of the Hungarian beer industry based on panel data of all active Hungarian breweries in 2018 (121 breweries), for the period of 2009-2017. The study applied panel-data linear models by using feasible generalized least squares with error structure with no cross-sectional correlation option. The economic performance is measured by companies’ turnover, EBIT and profit, which were used as dependent variables. The following explanatory variables were applied in the model: age of brewery (number of closed business years), Social Media activity (FB likes of company page), geographical location (distance from Budapest in km), direct sales (represent own pub/direct sales channel), impact of tax reduction (small beer companies pay 50% less tax since 2012). Regression results have shown a number of determinants of the economic performance of Hungarian breweries, and the estimations are valid for all profitability indicators included (turnover, EBIT and profit). As in previous research, we have come to the conclusion that if the company survives the early years of operation, we can expect profitable activity. Since the ratio of early bankruptcy among Hungarian brewers is still very high, the fluctuation between smaller breweries strongly determines the industry.The benefits of short food supply chains (both physical distance and number of intermediaries) are also prevalent in the beer industry. Breweries with direct sales channels (mostly their own pubs) showed significantly higher sales, EBIT and profits compared to those selling their products by third parties. Breweries situated in Budapest are the most profitable, because the capital city provides a higher demand for high-quality beer, in contrast, the distance from the capital city has a negative impact on the firm’s success.The Social Media activity, often used as the only promotion channel for the microbreweries, has a positive impact on the brewery’s profitability. Finally, tax reduction for small breweries introduced in 2012 by the Hungarian government had the most important positive impact on industrial profitability, especially in the case of microbreweries. It seems the government aim to support small scale beer production has been successful because it helped the survival of the Hungarian microbreweries.
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Hardi, Jaya, Bahri Syaiful, and Riza Aulia Putri Buheli. "Pembuatan VCO memanfaatkan bonggol nanas sebagai sumber bromelin di Desa Bale Kabupaten Donggala Provinsi Sulawesi Tengah." Transformasi: Jurnal Pengabdian Masyarakat 17, no. 1 (June 30, 2021): 117–25. http://dx.doi.org/10.20414/transformasi.v17i1.2959.
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[Bahasa]: Desa Bale Kecamatan Tanatovea merupakan salah satu daerah tertinggal di Kabupaten Donggala, Provinsi Sulawesi Tengah. Mata pencaharian masyarakatnya adalah petani, khususnya petani kelapa. Hasil pertanian kelapa di Desa Bale hanya diolah dalam bentuk kopra dan lebih banyak dijual dalam bentuk bahan mentah sehingga penghasilan yang mereka dapatkan kurang maksimal. Permasalahan tersebut dapat diatasi dengan membuat olahan kelapa lainnya melalui teknologi murah, sederhana dan dapat dipasarkan langsung dengan nilai jual yang tinggi. Produk olahan kelapa yang dapat dikembangkan untuk meningkatkan pendapatan masyarakat setempat diantaranya adalah Virgin Coconut Oil (VCO). Tujuan dari kegiatan program pengabdian ini adalah untuk memberikan pengetahuan dan keterampilan kepada masyarakat dalam memanfaatkan krim santan kelapa menjadi VCO dengan menggunakan enzim bromelin dari bonggol nanas. Tahapan awal program pengabdian adalah memberikan penyuluhan kepada masyarakat, memberikan pelatihan pembuatan krim santan, pembuatan sari dan bubur bonggol nanas, dan diakhiri dengan pembuatan VCO. Hasil program pengabdian ini adalah mitra pengabdian dapat memahami teknologi dan mengaplikasikannya dalam pembuatan VCO dengan memanfaatkan limbah bonggol nanas. Pada program pengabdian ini, produk VCO yang dihasilkan dengan menggunakan sari bonggol nanas lebih banyak dibandingkan dengan bubur bonggol nanas. Hasil pelaksanaan panyuluhan dan pelatihan menunjukkan tingkat kepuasan peserta sebesar lebih dari 97%. Pembuatan VCO dengan memanfaatkan bonggol nanas menjadi alternatif industri skala kecil untuk masyarakat.
Kata Kunci: bonggol nanas, desa Bale, kelapa, Virgin Coconut Oil (VCO)
[English]: Bale Village, Tanatovea Subdistrict, is one of the underdeveloped areas in Donggala Regency, Central Sulawesi Province. The people are farmers, especially coconut farmers. Coconut agricultural products in Bale village are only processed in the form of copra and are mostly sold in the form of raw materials with less income. This problem can be solved by making other coconut products through cheap and simple technology that can be marketed directly with a high selling value. The coconut processed products can be developed to increase local people's income, including Virgin Coconut Oil (VCO). The purpose of this community service activity is to provide knowledge and skills to the farmers in using coconut cream to be processed as VCO by using the enzyme bromelain from pineapple cobs waste. The initial stage of the activity was to provide counseling to the community, then conduct a short training to produce coconut cream, extract and pulp of pineapple humps, and finally produce VCO. The results show that the participants can understand the technology provided and apply it to produce VCO using pineapple extracts waste. In this program, the VCO produced using the pineapple extract is more than that of the pineapple pulp. The results of the program reveal that the participants’ satisfaction level is over 97%. Producing VCO using pineapple humps is an alternative for a small-scale industry for the community.
Keywords: pineapple cobs waste, Bale village, coconut, Virgin Coconut Oil (VCO)