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PRODUCT DEVELOPMENT STRATEGY FOR FARMER GROUPS IN THE DIGITAL ERA BASED ON URBAN FARMING IN CIOMAS RAHAYU VILLAGE Sri Hidajati Ramdani; Tutus Rully; Eka Patra; Yohanes Indrayono
INQUISITIVE : International Journal of Economic Vol. 6 No. 2 (2026): June
Publisher : Fakultas Ekonomi dan Bisnis Universitas Pancasila

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.65179/inquisitive.2026.9409

Abstract

Ciomas Rahayu Village is one of the villages located in Bogor Regency and has area of 88.450 ha. However, 70% of the land in this village is used for residential needs, resulting in a lack of vacant lang, wich necessitates the implementation of the urban farming in the Farmer Groups (Poktan) and Woman Farmer Groups (KWT) to utilize the remaining land productive. Ciomas Rahayu Village has 5 Poktan dan 1 KWT that produce organic vegetables and organic freshwater fish. Seeing the opportunity to develop products from Poktan and KWT, this research aims to formulate an alternative product development strategy by adjusting to technological developments and describing the factors that need to be considered in Ciomas Rahayu Village. This research is descriptive with qualitative approach. The sampling method used was purposive sampling. The data obtained were analyzed using SWOT analysis. The result show that the alternative strategies generated are implementing product development to increase the product's value added and quality, and implementing digital marketing to reach a wider market.
DETERMINANTS OF DIVIDEND POLICY AND ITS IMPLICATIONS FOR STOCK RETURNS: AN EMPIRICAL STUDY OF COMPANIES LISTED ON THE INDONESIA STOCK EXCHANGE 2019-2024 Baliyah Munadjat; Hari Gursida; Yohanes Indrayono
Multidisciplinary Indonesian Center Journal (MICJO) Vol. 3 No. 3 (2026): Vol. 03 No. 3 Edisi Juli 2026
Publisher : PT. Jurnal Center Indonesia Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62567/micjo.v3i3.2558

Abstract

This study aims to analyze the determinants of dividend policy and their implications for stock returns among companies listed on the Indonesia Stock Exchange (IDX) during the 2019–2024 period. Specifically, the study examines the effects of Return on Assets (ROA), Current Ratio (CR), Debt-to-Equity Ratio (DER), Sales Growth (SG), and Firm Size (SIZE) on Dividend Payout Ratio (DPR), as well as the impact of DPR on stock returns. The research employs a quantitative approach using secondary data obtained from the annual financial reports of dividend-paying companies listed on the IDX. The sample consists of 822 firm-year observations selected through purposive sampling. Data analysis was conducted using path analysis with multiple regression models, supported by classical assumption tests including normality, heteroscedasticity, multicollinearity, and autocorrelation tests. The results indicate that during the overall period of 2019–2024, ROA, DER, and SG significantly and negatively affect DPR, while CR and SIZE do not have significant effects. Furthermore, CR negatively affects stock returns, whereas SG and DPR have positive and significant effects on stock returns. The findings also reveal that the relationships among financial performance, dividend policy, and stock returns vary across pre-crisis, crisis, and post-crisis periods. Overall, dividend policy plays an important mediating role in influencing stock returns, particularly during and after periods of financial uncertainty. These findings provide valuable insights for investors, corporate managers, and policymakers in formulating dividend and investment decisions under different economic conditions.