Moderator Effect of Corporate Governance on the Relationship of Financial Performance and Dividend Policy, and Its Impact on Firm Value in Indonesia Stock Exchange

Nurdin, Djayani; Kasim, Muhammad Yunus

doi:10.4172/2162-6359.1000499

Cited by 5 publications

(9 citation statements)

References 0 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…So it can be concluded that the Dividend Payout Ratio does not affect firm value. The results of this study support the results of research conducted by Nurdin and Kasim (2017) which states that the Dividend Payout Ratio has no significant effect on firm value. This shows that the percentage of profits distributed to investors does not affect firm value.…”

Section: Discussionsupporting

confidence: 88%

Enable Business Risk, Debt Policy, Growth Opportunity, Dividend Payout Ratio, and Cash Holding to Strengthen the Firm Value

Sriyono

Ramadhani²

2023

ECOBISMA

View full text Add to dashboard Cite

To attract more investors, the company's management must increase the value of the company. There have been many studies that have been done before, however, research that uses all aspects does not yet exist. This study aims to determine the effect of Business Risk, Debt Policy, Growth Opportunity, Dividend Payout Ratio, and Cash Holding on Firm Value Sector Companies Property, Real Estate, and Construction Listed on the IDX in 2019-2020. This study uses a quantitative method and the object of this research is the population of all Properties, Real Estate, and Construction listed on the IDX for the 2019-2020 period, and the sampling technique uses the purposive sampling method. The data collection technique uses the company's annual report from the 2019-2020 period. The analytical technique used in this study is path analysis with the help of the Eviews 9 program. The conclusion is Business Risk, Dividend Payout Ratio has no significant effect on firm value, debt policy, and Growth Opportunity has a significant positive effect on firm value.

show abstract

Section: Discussionsupporting

confidence: 88%

Enable Business Risk, Debt Policy, Growth Opportunity, Dividend Payout Ratio, and Cash Holding to Strengthen the Firm Value

Sriyono

Ramadhani²

2023

ECOBISMA

View full text Add to dashboard Cite

show abstract

Section: Discussionsupporting

confidence: 86%

“…The positive impact of dividend policy on the firm's performance is caused by a firm that distributes dividend is considered to have a good performance which is relevant with signaling theory (Nurdin and Kasim, 2017). The result is consistent with the study of (Nurdin and Kasim, 2017;Hafeez et al, 2018;Khan et al, 2019). When there is an increase in dividends, the dividend is distributed from the increase of the firm's profit which is a form of an increase in the firm's performance (Khan et al, 2019).…”

Section: Discussionsupporting

confidence: 82%

“…The manager often gives a signal about the condition of the firm to the firm's owner as discussed in signaling theory. The signal is in the form of dividend distribution which is when manager distributes dividends, the manager implies that the firm has a good performance (Nurdin and Kasim, 2017) and when the manager increases the amount of dividend then the increase is sourced from increasing profit of the firm so it shows an increase of firm's performance (Khan et al, 2019). In line with signaling theory, the formulation of Hypothesis (H6): Dividend policy has a positive impact on a firm's performance.…”

Section: Theoritical Reviewmentioning

confidence: 98%

“…Dividends distribution, for instance, is one of the most common signals that is done by the manager. Further, (Nurdin and Kasim, 2017) suggested that a high amount of dividend is a signal that the firm has a good performance which implies that an increase of dividend distribution will increase the firm's performance.…”

Section: Theoritical Reviewmentioning

confidence: 99%

See 2 more Smart Citations

The Parabolic Effect of Managerial Ownership and the Impact Toward Firm’s Performance

Susanto

Nuringsih²

2020

View full text Add to dashboard Cite

The purpose of the study is to analyze the impact determinants and the parabolic effect of managerial ownership on a firm’s performance. The model consists of managerial ownership, institutional ownership, family ownership, leverage, asset growth, dividend policy, business risk, and firm size. Purposive sampling is used on non-financial companies in the Indonesian Stock Exchange with a total observation of 539 firm-years. The panel least square is used to analyze the determinants of performance while Panel EGLS is used to analyze the parabolic effect. The study finds that managerial ownership, institutional ownership, dividend policy, and firm size have a positive and significant impact on the firm’s performance. Contrarily, some variables e.g., family ownership, leverage, and asset growth have a negative significant impact on performance. Business risk is not able to prove a significant relationship with performance. Further, the study shows a parabolic effect of managerial ownership, therefore, it proves a model for reducing agency conflict on corporate financial decisions.

show abstract

Efek Corporate Governance dalam Memoderasi Hubungan antara Funding Decision dan Dividen Policies Terhadap Nilai Perusahaan

Simanjuntak

2023

JOMB

View full text Add to dashboard Cite

This study aims to examine the effect of the relationship between Funding Decisions and Dividend Policies on company value with Corporate Governance as a moderating variable in Manufacturing companies listed on the Indonesia Stock Exchange for the 2019-2021 period. The research method used is descriptive research using secondary data from manufacturing companies. The technique used was purposive sampling with a total sample of 106 companies. The results of the study explain that Funding Decisions have a positive and significant influence on Firm Value, Dividend Policies have a negative and significant influence on Firm Value, Corporate Governance has a positive and significant influence on Firm Value, Corporate Governance moderates the relationship between Dividend Policy on Firm Value and Corporate Governance moderates the relationship between Funding Decisions on Corporate Value. In conclusion, optimizing the value of the company is very important because increasing the value of the company means maximizing the company's main goals. Increasing the value of the company is an achievement that is in accordance with the wishes of the shareholders, because by increasing the value of the company, the welfare of the shareholders will also increase. Keywords: Corporate Governance, Dividend Policies, EVIEWS 9.0, Funding Decisions, Corporate Value

show abstract

Moderator Effect of Corporate Governance on the Relationship of Financial Performance and Dividend Policy, and Its Impact on Firm Value in Indonesia Stock Exchange

Cited by 5 publications

References 0 publications

Enable Business Risk, Debt Policy, Growth Opportunity, Dividend Payout Ratio, and Cash Holding to Strengthen the Firm Value

Enable Business Risk, Debt Policy, Growth Opportunity, Dividend Payout Ratio, and Cash Holding to Strengthen the Firm Value

The Parabolic Effect of Managerial Ownership and the Impact Toward Firm’s Performance

Efek Corporate Governance dalam Memoderasi Hubungan antara Funding Decision dan Dividen Policies Terhadap Nilai Perusahaan

Contact Info

Product

Resources

About