<![CDATA[The purpose of this research is to examine the effect of corporate governance, cash flow, and dividend policy on firm performance in manufacturing companies listed on Indonesia Stock Exchange period of 2016 – 2020. This research uses firm age as a control variable and family ownership as a moderating variable. The technique for the quantitative data uses a statistical tool, i.e. Moderated Regression Analysis (MRA). The results shows that cash flow has a positive effect on firm performance. Meanwhile, corporate governance, and dividend policy have no effect on firm performance the implication is the members of corporate governance may come from non-family members or majority are non-family member so the family can not force regulation as well as dividend policy. Then family ownership is able to strengthen the relationship between corporate governance on firm performance since family members can enforce regulations and procedures. However, family ownership is not able to strengthen or weaken the relationship between cash flow, and dividend policy on firm performance because cash flow and dividend policy are based on company’s daily operation.]]>
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