Hasil Pencarian  ::  Simpan CSV :: Kembali

Abstrak :
In this study, we analyze contrarian and momentum strategies in periods associated with optimism or pessimism, and we compare them to the normal market sentiment condition. We evaluate the sentiment using the Arms adjusted index. Then, using the vector autoregressive test, we analyze the relationships among sentiment, stock returns, excess returns, and volatility. The results show that the formation of a short-term portfolio in one- and three-month periods of optimism and pessimism do not create additional returns and results in losses. In addition, the outcomes indicate that combining normal market sentiment with behavioral finance strategies increases performances, with more significant results seen using contrarian strategies compared to momentum strategies.

Abstrak :
In A Theory of Justice, John Rawls raises a question which deserves our close attention: How to maintain the stability of the conception of justice in a wellordered society? He insightfully argues that moral sentiments, instead of selfinterest, play a critical role in maintaining that stability. However, the only moral sentiment he endorses is the sense of justice, which is shaped and determined by a rational conception of justice. Its content and forces, once shaped, are beyond the influences of contingencies of social relations. Rawls curiously ignores that other moral sentiments are also significant in maintaining the stability of justice. And he also overlooks that social relations are crucial to reproduce and maintain such moral sentiments. Therefore, this essays purports to answer this question: Suppose we have a consensus on an egalitarian idea of just distribution, what moral sentiments can maintain the stability of such idea in an ideally egalitarian society? We will first clarify our concept of moral sentiments. We then analyze and criticize Rawls’s theory of stability of justice. We adapt his theory and develop what we call a theory of relation-dependent moral sentiments. Two discourses will then be evaluated, David Miller’s nationalism and our proposal of an egalitarian common life. We argue that an egalitarian common life, brought about by egalitarian public services offered or regulated by the modern state, will provide the proper moral sentiments to support the stability of the egalitarian idea of justice in an egalitarian society

Abstrak :
Menyusul krisis pengungsi yang disebabkan oleh Musim Semi Arab, penganiayaan terhadap Muslim Rohingya dan Uighur, dan pembantaian Palestina, negara-negara anggota Organisasi Kerjasama Islam (OKI) mengalami gelombang besar masuknya imigran. Berkenaan dengan itu, penelitian ini mencoba melihat apakah sentimen negatif terhadap pendatang yang ditemukan di masyarakat barat juga terjadi pada masyarakat Muslim. Studi ini menggunakan dataset World Value Survey gelombang ke-7 dan menggunakan model Ordered logistic model. Ditemukan bahwa Muslim sedikit berprasangka buruk terhadap imigran dan Muslim yang tinggal di negara-negara OKI sebagian besar bersikap netral. Selain itu, religiusitas secara signifikan mendorong Muslim untuk lebih ramah terhadap pendatang. Terakhir, penelitian ini menemukan bahwa seorang Muslim kemungkinan besar mampu beradaptasi lebih cepat dengan meningkatnya jumlah imigran di negaranya daripada populasi rata-rata. Namun, kami menemukan bahwa respons seorang Muslim terhadap imigran dari negara OKI cukup mirip dengan rata-rata populasi, di mana lebih banyak imigran dari negara OKI justru mengurangi sentimen positif terhadap imigran. Mengenai pengungsi dan pencari suaka, ada kecenderungan arah yang sama antara Muslim dan penduduk rata-rata yang menunjukkan tren positif. Namun, seorang muslim lebih toleran terhadap pengungsi dan pencari suaka dari OKI dibandingkan dengan yang bukan berasal dari negara OKI. Ada ambang batas tertentu bagi umat Islam untuk dapat ditoleransi jumlah pengungsi dan pencari suaka yang tidak berasal dari negara-negara OKI. ......This study tries to see whether the negative sentiment towards immigrant that western societies have also occurred in Muslim societies. This study uses the 7^th wave of the world value survey dataset and employs an ordinal logistic model. It is found that Muslims are slightly prejudicial towards immigrants, and Muslims living in OIC countries are primarily neutral. Furthermore, religiosity significantly drives Muslims to have a more hospitable response to immigrants. Lastly, this study found that a Muslim is likely able to adapt faster to the growing number of immigrants in his/her country than the average population. However, we found evidence that a Muslim’s response to immigrants from OIC country is quite similar to the average population, in which more of them reduce positive sentiment towards immigrants. Regarding refugee asylum-seekers, there are similar directional trends between Muslim and average populations, showing a positive trend. However, a Muslim is more tolerant of refugees and asylum-seekers from OIC than those who do not originate from OIC countries. There is a certain threshold for Muslims to tolerate the number of refugees and asylum-seekers not originating from OIC countries.