Rifda Salsabila Putri Kholiq
Universitas Nahdlatul Ulama Sidoarjo

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Price to Book Value as a Moderator of Profitability Signals and Stock Prices: Evidence from Indonesia's Industrial Sector Rifda Salsabila Putri Kholiq; M. Mustaqim
Indonesian Journal of Applied Accounting and Finance Vol. 6 No. 1 (2026): June
Publisher : P3M Politeknik Negeri Banjarmasin

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31961/ijaaf.v6i1.15738

Abstract

To capture what genuinely steers stock values, this study dives into how ROA and ROE shape share prices in the industrial market, while tracking how Price-to-Book Value (PBV) moderates these connections. The scope centers on companies within the IDXINDUST Index on the Indonesia Stock Exchange over the 2022–2024 timeframe. Employing an explanatory quantitative method, the project draws on secondary data from a purposive sample of 42 firms, resulting in 126 panel data points. Data computation relied on panel regression models and MRA executed via EViews 13. Interestingly, the statistical output indicates that ROA plays no real role in shifting stock prices, whereas ROE shows a clear upward influence. PBV also emerged as a significant moderating force it tones down the impact of ROA but strongly reinforces the positive ties between ROE and stock values. These dynamics clearly demonstrate that modern investors do not evaluate profitability in a vacuum; instead, they integrate market valuation deeply into their investment choices.
Pentas Seni Anak-Anak dalam Memperingati HUT ke-80 Republik Indonesia sebagai Sarana Pemberdayaan Komunitas Aminatus Sa’diyah; Fakhrur Rozi; Rifda Salsabila Putri Kholiq; Fathoni Achmad Al Kaafi; Maulidyah Tri Setyorini; Virginia Arsariris Medy Sukma; Dimas Aditya Putra
Nusantara Community Empowerment Review Vol. 4 No. 1 (2026): Nusantara Community Empowerment Review
Publisher : LPPM UNUSIDA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55732/ra348651

Abstract

Peringatan HUT ke-80 Republik Indonesia di RT 03 Desa Banjarbendo dilaksanakan melalui penyelenggaraan pentas seni yang digagas bersama oleh warga setempat. Kegiatan ini menggunakan pendekatan Participatory Action Research (PAR) dan Service-Learning (SL). Melalui PAR, masyarakat terlibat aktif sejak tahap identifikasi kebutuhan, perencanaan, pelaksanaan, hingga evaluasi. Sementara itu, SL memberikan mahasiswa kesempatan untuk belajar melalui keterlibatan langsung, refleksi, dan pelayanan kepada masyarakat. Hasil kegiatan menunjukkan adanya peningkatan kreativitas, rasa percaya diri, dan keberanian anak-anak dalam menampilkan potensi seni mereka. Selain itu, kegiatan ini memperkuat solidaritas sosial, mempererat hubungan antarwarga, serta menumbuhkan kebanggaan terhadap budaya lokal. Kegiatan ini menjadi sarana pembelajaran reflektif yang menghubungkan teori dengan praktik. Dengan demikian, pentas seni tidak hanya berfungsi sebagai perayaan, tetapi juga sebagai instrumen pemberdayaan komunitas dan pembelajaran transformatif. The commemoration of the 80th anniversary of the Republic of Indonesia in RT 03, Banjarbendo Village, was carried out through an arts performance jointly initiated by residents. This activity used a Participatory Action Research (PAR) and Service-Learning (SL) approach. Through PAR, the community was actively involved from the need’s identification stage, through planning, implementation, and evaluation. Meanwhile, SL provided students with the opportunity to learn through direct involvement, reflection, and service to the community. The results of the activity showed an increase in creativity, self-confidence, and courage in children in showcasing their artistic potential. In addition, this activity strengthened social solidarity, strengthened relationships between residents, and fostered pride in local culture. This activity served as a means of reflective learning that connected theory with practice. Thus, the arts performance functioned not only as a celebration but also as an instrument for community empowerment and transformative learning.