<em>It is well understood that transportation improves the accessibility and transportation is needed in production and consumption activities. This study is aimed to describe the pattern of the movement of people and goods among districts/cities within the Province of East Java, to estimate the density of people and goods, and to measure the inequality of transport density. This study is also to test whether transport affects welfare. It is found that the Malang District and Surabaya City are the most destination of goods transport. Regression analysis shows that the density of transport only affects the welfare (as measured by the HDI) when together with other variables, namely poverty and GDP/capita. However, partial density of transport has no effect on the welfare.</em>

Bisnis kecil dan menengah di Indonesia memiliki karakteristik yang berbeda dengan negara lain. Literature Review ini menguji pengaruh moderasi intensitas kompetisi dan pertumbuhan pasar terhadap hubungan faktor sosial, faktor budaya dan faktor personal. Budaya organisasi, faktor personal dan perorangan memiliki hubungan yang kuat dengan efektivitas organisasi. Ketiganya dapat memberikan dampak yang besar bagi masa depan organisasi. Dalam literature ini penulis akan mengulas persaingan dan pertumbuhan pasar baik pada pasar domestik maupun internasional. Berbagai aspek budaya, sosial dan personal telah ditemukan di beberapa penelitian tentang kaitannya dengan persaingan dan pertumbuhan pasar. Semuanya memiliki situasi yang sama dan harus menghadapinya untuk membuat kemajuan yang baik demi efektivitas perusahaan dalam bersaing di masa depan.

The author conducted this research to comprehend and analyze the company's performance which will focus on the financial ratio, they are Total Asset Turnover Ratio (TATO), Debt to Equity Ratio (DER), Current Ratio (CR) which influenced by company value and the impact on Stock Returns (SR). The value of the company in this research is calculated using Price to Book Value (PBV). The research data is taken from companies active on the Indonesia Stock Exchange from 2017 to 2020, especially in the mining sector. This research uses a selected sample of 29 companies with panel data analysis method which is processed using the "Eviews 11" data processing program. The research results show that stock returns (SR) are not influenced by CR, but TATO, DER and PBV have a significant effect on stock returns (SR). TATO, DER, and CR together have a significant effect on SR and also on PBV. The impact on the dependent variable (SR) which is influenced indirectly by the independent variable (CR, DER TATO) is proven to be more dominant than the direct effect.