THE ANALYSIS OF ABNORMAL RETURNS AND TRADING VOLUME ACTIVITY BEFORE AND AFTER SIMULTANEOUS GENERAL ELECTION IN THE YEAR 2019 (STUDY OF STOCKS THAT ARE INCLUDED IN THE JAKARTA ISLAMIC INDEX)

Political events are one of the factors that influence a country’s economic conditions. The capital market as an economic instrument cannot be separated from various environmental influences, both economic and non economic environment. The aim of the research is to find out the difference of abnormal return and trading volume activity between 10 days before and 10 days after Simultaneous General Election 2019 on the stocks included in the Jakarta Islamic Index. The sampling method in this study was conducted using saturated samples of 30 companies. Statistical analysis method used is Paired Sample T-Test and Wilcoxon Signed Ranks Test. The result of statistical test shows that variabel abnormal return and trading volume activity produce the conclution that there is no difference in abnormal return and trading volume activity between 10 days before and 10 days after Simultaneous General Election 2019 on the stocks included in the Jakarta Islamic Index. The implications of this study for issuers do not need to worry about Simultaneous General Election information because the event does not significantly influence on abnormal return and trading volume activity.

Mapping Muslim Behaviors Through Attitudes And Intentions In Choosing Cash Waqf For Economic Independence

Waqf is an Islamic economic instrument that bases its function on the elements of virtue (birr), kindness (ihsan) and fraternity (ukhuwah). This research aims to analyze the factors of Wakif’s motive in choosing cash waqf in Bantul Regency, Yogyakarta. This study was conducted quantitatively and used Ajzen's Theory of Planned Behavior. Subjective Norms, Government Support, and Self Efficacy on the attitude and intention of the choice to pay cash waqf were the variables in this research. The objects of this study are those who pay the waqf that involves 98 respondents incorporated in Bazwa. The respondents were divided into four districts consist of 35 respondents from Banguntapan, 23 respondents from Bantul City, 11 respondents from Dlingo, and 29 respondents from Kasihan. Data were collected in two types of primary and secondary data. This study used a validity test, reliability test, and path analysis as the data analysis method. The results of this study indicate the factors that influence wakif’s motive in choosing cash waqf are subjective norms, Government Support, and Self Efficacy. Subjective norms had a significant positive effect on the motive through attitude. Self-efficacy is significant for attitude and insignificant for the motive. In contrast, Government support is not significant for attitude and motive, while attitude is significant for the motive

The Journey Continues

The final chapter emphasizes that numismatics may be one of the oldest fields of humanistic inquiry, but it is still evolving in step with other, more modern disciplines. Researchers today want to know more about the non-elites of history, the nameless masses whose lives made possible the celebrated deeds of kings, queens, and emperors. Coins may seem particularly unsuited to this task since they are state-sponsored ego-facts bearing the names, faces, and boasts of the rich and famous. Cognitive numismatics, however, provides a new way of seeing in coins the common people—how they worked, what they thought, when they had a bad day. This approach brings the reader back to meme theory within the busy confines of an ancient mint. It completes the life cycle of a coin by examining its removal from circulation as an economic instrument, perhaps ending its journey as some other artifact of everyday experience.

Payment scheme for environmental services as a management strategy to regulate artisanal fishing in the Integrated Management District Cispata, Colombia

Marine and coastal ecosystems are characterized as highly productive areas in terms of the benefits they provide to humanity, with food provision being one of the most important. In 2018, in the Cispata Integrated Management District (DMI Cispata), due to the decrease in fishing resources, artisanal fishermen signed agreements for the recovery of the resource; however, they have not been implemented for various reasons. This study shows the viability of a Payment Scheme for Environmental Services as an alternative to induce compliance with fishing agreements. The analysis developed here indicates that the DMI Cispata fulfills the necessary conditions to implement this economic instrument benefiting 20 fishing organizations in the area.

Evaluation of Different Methods to Estimate the Transfer of Immunity in Donkey Foals Fed with Colostrum of Good IgG Quality: A Preliminary Study

The aims of the present study were to evaluate the correlation between IgG Serum Radial Immunodiffusion (SRID), Electrophoresis Gamma Globulins (EGG), Electrophoresis Total Protein (ETP) and the serum total protein (TP) analyzed by refractometry and by a dry chemistry analyzer (Biuret) and to estimate serum IgG concentrations using serum TP. A total of 36 samples collected at four different times (birth, 6, 12, 24 h after birth) from nine Amiata donkey foals were evaluated with SRID, EGG, ETP, serum TP Biuret and refractometry. SRID IgG concentration increased significantly over time until T12. Serum TP analyzed with refractometry, electrophoresis and Biuret showed a statistically significant difference between T0 and T6 vs. T12 and T24. A good or strong correlation was found between different tests performed. Equations to quantify serum IgG were created and can be used for estimating the donkey foals’ serum IgG in the first day of life. Serum TP refractometry showed a high correlation with SRID IgG (0.91) which may be a particularly useful and economic instrument to estimate the transfer of immunity in donkey foals during the first day of life. Further studies evaluating a high number of animals are needed in order to set specific cut-off values.

Discounting the Future

This chapter analyses the political, environmental, and human implications of acts of discounting. Discounting is an economic instrument used by companies and policymakers to make the future commensurate with the present. This chapter argues that discounting is a political technology: it embeds debatable assumptions about value and the future, and it produces tangible effects in an expanding range of empirical domains. Drawing on examples from the history of discounting (capital budgeting, forest management, environmental regulation, and pharmaceutical research and development), the chapter discusses four of its political qualities. First, discounting equips collective decisions about the allocation of resources; second, it shapes the characteristics of future entities; third, it is an instrument for governing behaviour that guides decision-making in a myriad of places and instances; and fourth, it problematizes the very separation of the present and the future.

The Theoretical Aspects of Defining the Essence of Fiscal Instruments

The main aim of this article is to research the existing scientific concepts for considering the essence of the category of «fiscal instrument» and substantiate the essence of this definition. It is noted that there is an urgent issue of deepening the provisions formed and also developing further provisions in the field of functioning of the fiscal system, searching for the optimal model when developing such a system. Thus, there is a need for the implementation of new researches in this sphere to deepen the theoretical aspects of the functioning of the fiscal system, including the need to substantiate the content of certain scientific categories and specify existing ones. The article considers the essence of the category of «economic instrument», analyzes the existing concepts of research of this definition. It is determined that this type of instruments is an integral part of the whole mechanism of the State regulation of the national economy, stimulation of the development of certain sectors of the economy, management of the State property. This allowed us to continue to study the role of various types of economic instruments in ensuring the efficient functioning of the national economy, in particular fiscal ones. It is also determined that in the vast majority of cases, using the category of «fiscal instrument», scientists often identify it with the definition of «tax instrument». In a significant number of works when considering derivative scientific concepts from the word «fiscal», it is also not enough attention to specify the content of fiscal instruments. Thus, the article proposes to consider the content of the category of «fiscal instrument» as follows: fiscal instrument – a means used to save financial resources of economic entities in order to generate the State budget revenues.

Unified agricultural tax as an indicator of the dynamics of agricultural development in the Russian Federation

Taxation of the agricultural sector continues to be one of the main directions of development of the tax policy of the Russian Federation. On the one hand, taxes in agriculture perform to a greater extent a stimulating function, being the main economic instrument of state regulation of the country’s agro-industrial complex. On the other hand, the rate of development of the agricultural sector and the amount of tax revenues from the payment of unified agricultural tax to the consolidated budget of the state in relation to revenues from other special tax regimes tell us about the insufficient efficiency and popularity of this special tax regime and, consequently, about the presence of some problems of its legislative regulation