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This study aims to analyze the effect of dividend policy and profitability on shareholder wealth in companies listed in the High Dividend 20 Index on the Indonesia Stock Exchange (IDX) during the 2019–2023 period. The research adopts a quantitative approach using secondary data obtained from the official IDX website (www.idx.co.id ).The population includes all issuers in the High Dividend 20 Index during the research period, and purposive sampling was applied to select 12 companies as the final sample. Data analysis techniques involved classical assumption testing, multiple linear regression, and hypothesis testing to determine the influence of independent variables on shareholder wealth. The statistical analysis was performed using EViews 12 Student Version software.The findings reveal that the Dividend Payout Ratio (DPR) does not have a significant effect on shareholder wealth, implying that dividend distribution is not the main factor influencing investor value in the observed companies. In contrast, Return on Assets (ROA) demonstrates a significant positive effect, which highlights the importance of profitability in driving shareholder wealth. These results suggest that investors may place greater emphasis on a company’s ability to generate earnings rather than its dividend distribution policy when assessing firm value. The study contributes to the literature on dividend policy and corporate performance by providing evidence from the Indonesian capital market, particularly within firms that consistently distribute high dividends.

Multicultural campuses are growing in awareness of the importance of diversity in the higher education experience. Through the independent student exchange program, unity in diversity is strengthened. It is important for Universitas Muhammadiyah Malang to maintain its image as a multicultural campus. This study aims to examine the perceptions of independent student exchange program participants about the image of a multicultural campus. This research uses the theory of Image and Perception. Data analysis was carried out with descriptive qualitative. The results of this study, First, Selection, the Independent Student Exchange Program is considered very good by participants because it provides many benefits. They gained valuable memories, such as meeting new friends, learning new cultures, and gaining valuable practicum experience. Second, Organization, the Merdeka Student Exchange Program at Universitas Muhammadiyah Malang provides students with the opportunity to learn outside the classroom with education from destination universities. Participants experience differences in character and accent from other students, highlighting the importance of communicating well in a multicultural campus environment. Third, Interpretation, the Merdeka Student Exchange Program reflects students' drive for self-development and exploration of potential and encourages understanding of the diversity of ethnicity, nation, culture, race, and religion.

This service explains the activities of the Student Exchange Program 3. PMM 3 is a one-semester domestic exchange program that will provide the experience of studying at the best universities throughout Indonesia, apart from that it will provide experience of getting to know diversity, honing leadership skills, building networks during college. , with the Nusantara Module activities, one of which is Social Contribution, social contribution is the final series of PMM 3 in 2023. We carry out social contributions in Rindu Hati Village, Kec. Taba Penanjung, Kab. Central Bengkulu, Prov. Bengkulu. The activities we carry out are divided into 3 fields, namely 1. Education, 2. Health, and 3. Tourism Village. And the results of this social contribution activity are being able to help free medical treatment, help teach at SDN 08 Central Bengkulu, provide books as learning media, and develop tourist attractions into tourist villages.    

This service explains the activities of the Student Exchange Program 3. PMM 3 is a one-semester domestic exchange program that will provide the experience of studying at the best universities throughout Indonesia, apart from that it will provide experience of getting to know diversity, honing leadership skills, building networks during college. , with the Nusantara Module activities, one of which is Social Contribution, social contribution is the final series of PMM 3 in 2023. We carry out social contributions in Rindu Hati Village, Kec. Taba Penanjung, Kab. Central Bengkulu, Prov. Bengkulu. The activities we carry out are divided into 3 fields, namely 1. Education, 2. Health, and 3. Tourism Village. And the results of this social contribution activity are being able to help free medical treatment, help teach at SDN 08 Central Bengkulu, provide books as learning media, and develop tourist attractions into tourist villages.    

The existence of e-wallet applications as a new means for conducting various financial transactions has become a common phenomenon among the public, especially students. These digital wallet applications are gradually replacing cash as the primary medium of exchange and offering quicker financial products/services at users' fingertips. Therefore, as agents of change, Generation Z needs to be equipped with financial literacy and self-control to ensure the use of e-wallets does not deviate and remains aligned with their original purpose, which is to facilitate economic activities. This study examines the influence of financial literacy levels on financial behavior moderated by self-control among active students at Universitas Padjadjaran through a questionnaire distributed across 16 faculties, resulting in a final sample of 442 respondents. The data processing technique used in this study is simple regression analysis and MRA (Moderated Regression Analysis), which aims to understand the influence of independent variables on dependent variables and how the moderating variable strengthens this relationship. The results of this study indicate that financial literacy has a positive and significant effect on financial behavior, and self-control as a moderating factor strengthens the relationship between these two variables.

Educational innovation in Indonesia continues to develop to create a learning system that is adaptive to changing times. One of the efforts made is to implement the four pillars of UNESCO education, namely learning to know, learning to do, learning to be, and learning to live together. The study looked at SD Nasima Semarang, which implemented a student exchange program to support its vision of becoming an international school. Through observation and interviews, this study evaluates how daily, weekly, and flagship programs at SD Nasima, including the dual curriculum (Independent and Cambridge Curriculum), as well as extracurricular activities and habituation of manners, contribute to character formation and improvement of student competence. The findings show that the combination of these programs has succeeded in improving the quality of education, building character, and strengthening    

The Nusantara Module is one of the compulsory courses for students who take part in the Independent Student Exchange program. The content of the Nusantara module is social contribution, diversity, inspiration and reflection. The purpose of this research is to find out how tolerant and perceived Indonesian cultural diversity through Nusantara module activities for PMM 4 Inbound students of Jember University. The research method used is a qualitative research method, using the theory of symbolic interactionism of George Herbert Mead's thought. The results showed that the Nusantara Module course has a role in increasing the cultural tolerance attitude of inbound students of Jember University through; first, respecting and respecting diversity; second, preventing the emergence of ethnocentrism and in the Nusantara Module there are symbols used by Inbound students in interacting in order to implement tolerance attitudes and values.

This research aims to analyze the influence of company growth, funding decisions and dividend policy on company value. This research was conducted by analyzing the financial reports of companies in the transportation and logistics sector listed on the Indonesia Stock Exchange (BEI) during the period 2018 to 2022. The sample used in this research was 9 technology sector companies listed on the Indonesia Stock Exchange during the period 2018 to 2022 using purposive sampling techniques. The data used in this research is secondary data in the form of financial reports from each company that has been used as a research sample. The variables used in this research are Company Growth (X1) as the first independent variable, Funding Decisions (X2) as the second independent variable, and Dividend Policy (X3) as the third independent variable and Company Value (Y) as the dependent variable. The panel data regression method was used as the research methodology in this study. Analysis of research results using EViews 12 Student Version Lite software. The research results show that the best model is the Fixed Effect Model (FEM). The results of this study show that partial company growth has no effect and is not significant on company value, partial funding decisions have a significant effect on company value, partial dividend policy has no effect and is not significant on company value, and simultaneously company growth and funding decisions and Dividend Policy influences Company Value.

In the era of globalization, technology is developing rapidly, especially in the field of communication media, making the world feel more connected. Internet media, as a rapidly developing communication medium, has penetrated into various levels of society, becoming a necessity in daily activities. Social media networks such as Twitter, Facebook, SMS, BBM, Line, and WhatsApp (WA) have become the main means of delivering various information services. Through this social media network, public communication becomes easier and faster, creating a high level of usage among the public. WhatsApp (WA), as a popular social media service, is used effectively to share information both privately and publicly, not only by teenagers but also by adults. One of them is a WA group which is formed based on needs. For example, the Independent Student Exchange 3 (PMM3) group. Research on code mixing in the use of Indonesian on WhatsApp social media is based on Applied Sociolinguistic Theory.

The Merdeka Student Exchange is a program from the merdeka or independent learning campus where students from one university can exchange to another university for one full semester. The increased sense of nationalism and love for the country after participating in the independent student exchange program is very important for every Indonesian citizen, especially for the younger generation who are the nation's successors. This independent student exchange program teaches good communication, high nationalism, community service, and exploring the archipelago. All of these things are covered in the Nusantara Module program.

Indonesia is a country that has diversity, starting from culture and customs in the era of globalization, so it is necessary for students of the nation's generation to preserve culture through the independent education program (MBKM), independent campus learning, one of the second batch of independent student exchange programs launched by the Ministry of Education and Culture, many universities are encouraging students to take part in one of them is HKBP Nommensen University Medan which sends its students to existing universities starting from Sabang-Merauke which are student destination universities namely Jakarta State University and Trunojoyo Madura University. The students carry out cross-major lecture activities, in the independent student exchange program students also carry out Nusantara module activities which aim to get to know the cultural diversity that exists in Indonesia through this students can get to know the culture at the destination university and even make friends with various ethnic groups so that students know the beauty of life various. Students register through the MBKM account through file registration following the exam selection until departure to the destination university. So by participating in the second batch of domestic independent student exchange activities, students become more enthusiastic about getting to know culture, preserving culture, learning across new science majors and even adding to relationships and taking care of and respecting one another.

This study aims to examine the phenomenon of culture shock experienced by Merdeka Student Exchange Program students from North Sumatra who take part in study programs in Java. Culture shock is a psychological and emotional symptom that a person experiences when experiencing significant cultural changes. This study uses qualitative research methods by collecting data through in-depth interviews and participant observation. The results of this study show that students from North Sumatra experience various stages of culture shock, including the crisis stage, adjustment stage, and acculturation stage. In addition, this study also identified factors that influence the experience of culture shock, such as differences in language, food, customs, and value systems. The findings of this study are expected to provide a better understanding of the experiences of students from North Sumatra in dealing with culture shock in Java and provide guidance for relevant parties in improving support and cultural understanding for students in independent student exchange programs.