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The Effects of Market Capitalization, Trade Volume, and Profitability Ratio on the Stock Returns of Companies Listed on the IDX30 Linggi, Elsy Taruk; Pangestuty, Farah Wulandari
Contemporary Studies in Economic, Finance and Banking Vol. 5 No. 1 (2026)
Publisher : Fakultas Ekonomi dan Bisnis Universitas Brawijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/csefb.2026.05.1.13

Abstract

This study evaluates how market capitalization, stock trading activity, and profitability levels contribute to the movement of stock returns of issuers included in the IDX30 index. This research was conducted because previous findings showed inconsistent results due to differences in periods and limitations in the sectors studied. The independent variables used include market capitalization, trading volume, profitability ratio (ROE), and dummy variables for the Covid-19 and post-Covid-19 periods. This study uses a quantitative approach by processing panel data, which is a combination of time series and cross-section data. Based on the selection of the best model, data analysis was performed using the Common Effect Model (CEM). The results of this study explain that trading volume has a positive and significant effect on stock returns, while market capitalization and profitability ratio do not have a significant effect. In addition, the Covid-19 and post-Covid-19 period variables also have a significant effect on stock returns, indicating that changes in macroeconomic conditions also determine the movement of large companies' stock returns. These findings imply that investors need to pay attention to trading activities trading and macroeconomic conditions in investment decision-making on IDX30 stocks.
Penguatan Identitas Digital dalam Strategi Pemasaran Pariwisata Berbasis Jaringan Mitra Desa Toyomarto, Singosari Aulia, Dynda Fadhlillah; Santoso, Dwi Budi; Pangestuty, Farah Wulandari
CARADDE: Jurnal Pengabdian Kepada Masyarakat Vol. 8 No. 3 (2026): April
Publisher : Ilin Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31960/caradde.v8i3.3219

Abstract

Program pengabdian ini bertujuan memperkuat identitas digital Desa Toyomarto dalam rangka meningkatkan efektivitas pemasaran pariwisata berbasis jaringan mitra. Kegiatan dilaksanakan dengan metode partisipatif melalui lokakarya perumusan citra desa wisata, pelatihan pemasaran digital untuk pemerintah desa, kelompok sadar wisata, Badan Usaha Milik Desa, pelaku usaha pariwisata, dan komunitas lokal, serta pendampingan intensif dalam pembentukan jejaring kemitraan dengan pemangku kepentingan eksternal. Hasil kegiatan menunjukkan terbentuknya identitas baru “Toyomarto Eco Heritage Gateway” yang memadukan narasi alam dan budaya, tersusunnya pedoman penggunaan identitas visual dan konten digital, peningkatan keterampilan pengelola dalam produksi dan pengelolaan konten, serta peningkatan keterhubungan dengan mitra seperti lembaga kreatif, penyedia layanan pemesanan perjalanan, dan media lokal. Penguatan identitas digital berkontribusi pada kenaikan keterpaparan destinasi di media sosial, peningkatan kunjungan wisatawan pada akhir pekan, dan pertumbuhan pendapatan unit usaha desa yang terkait pariwisata. Disimpulkan bahwa penguatan identitas digital berbasis potensi lokal yang diintegrasikan dengan pengembangan jaringan mitra merupakan strategi yang efektif untuk meningkatkan daya saing dan keberlanjutan pemasaran pariwisata Desa Toyomarto.
Determinants of Income Inequality in Indonesia Hanif Arif Baskoro; Dwi Budi Santoso; Farah Wulandari Pangestuty
Proceedings of the 1st International Conference on Social Science (ICSS) Vol. 3 No. 2 (2024): Proceedings of the 5th International Conference on Social Science (ICSS)
Publisher : Green Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59188/icss.v3i2.209

Abstract

Indonesia's elevation to an upper-middle-income country in 2019 still leaves unresolved issues of income inequality. While the Indonesian government has implemented several policies to address this, the spatial aspects have not been adequately considered. This study utilizes panel data from 34 provinces in Indonesia over the period 2018-2020 to identify the determinants of income inequality and examine the presence of regional spatial connections influencing income inequality. The findings reveal that per capita income and foreign direct investment have a negative relationship with income inequality, whereas exports and imports have a positive relationship. Additionally, there is no evidence of spatial linkages between regions affecting income inequality. These insights suggest that policies aimed at reducing income inequality should focus more on economic factors rather than spatial considerations.
The determinants of child labor in West Nusa Tenggara Province: A multilevel approach Assyifa, Baiq Siti Ainaya; Suman, Agus; Pangestuty, Farah Wulandari
Jurnal Perspektif Pembiayaan dan Pembangunan Daerah Vol. 14 No. 3 (2026): Jurnal Perspektif Pembiayaan dan Pembangunan Daerah
Publisher : Program Magister Ilmu Ekonomi Pascasarjana Universitas Jambi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22437/ppd.v14i3.48008

Abstract

Child labor in West Nusa Tenggara (NTB) Province remains a serious development issue because it reflects the continued lack of fulfillment of children’s rights to education and protection. According to Statistics Indonesia (BPS), the proportion of child laborers in NTB reached 5.51%, almost twice the national average. This study aims to identify the factors associated with child labor participation in the province. Data were drawn from the March 2024 National Socioeconomic Survey (Susenas) and official BPS publications at the district/city level. The analytical methods included descriptive statistics and multilevel logistic regression, with 3,303 children aged 10–17 years as the units of analysis. The results indicate that, at the individual and household levels, children’s education, the education of the household head, the child’s age and gender, the number of children in the household, the marital status of the household head, and early marriage are significantly associated with the likelihood of child labor participation. At the regional level, mean years of schooling and the mean age difference between spouses are also significantly associated with children’s participation in work. Approximately 13% of the variation in child labor is attributable to differences across districts/cities. These findings suggest that policy interventions should address not only household vulnerability but also regional conditions that shape the risk of child labor.