Management Studies and Entrepreneurship Journal (MSEJ)
Vol. 5 No. 2 (2024): Management Studies and Entrepreneurship Journal (MSEJ)

The Influence Of Good Corporate Governance, Financial Performance And Company Business Strategy On Dividend Policy

Muhammad Bayu Aji Sumantri (Universitas Widyatama)
Shendy Amalia (Universitas Widyatama)



Article Info

Publish Date
23 Apr 2024

Abstract

This study aims to investigate the impact of Good Corporate Governance, Financial Performance, and Business Strategy on a company's dividend policy. The subjects of this research encompass companies in the banking sector that are listed on the Indonesia Stock Exchange, covering the observation period from 2018 to 2022. The Good Corporate Governance variables are approximated using Independent Commissioners and Institutional Shareholders. Meanwhile, the Financial Performance variables are represented by NPL, ROA, and Tobin's Q. Alongside the Corporate Business Strategy variables, the proxies employed consist of Company Size and Debt to Asset Ratio. Dividend per share serves as the dependent variable proxy. Employing the method of multiple regression analysis, this study concludes that Tobin's Q, ROA, and Institutional Shareholders significantly impact the company's dividend policy.

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Journal Info

Abbrev

msej

Publisher

Subject

Decision Sciences, Operations Research & Management

Description

Management Studies and Entrepreneurship Journal (MSEJ) is published by Yayasan Pendidikan Riset dan Pengembangan Intelektual (YRPI) as an information and communication media for practitioners, researchers and academics who are interested in the field of management (Finance, Human Resource, ...