The Influence of Corporate Governance, Capital Structure, Company Growth on Dividend Policy and Firm Value in Consumer Goods Industry

Abstract

This research aims to determine the influence of corporate Governance, capital structure, and company growth on dividend policy and company value. The data is secondary data from the financial reports of consumer goods sector companies listed on the Indonesia Stock Exchange in 2015-2020. The sample for this research consisted of 14 companies. This explanatory research uses a quantitative approach and implements the Partial Least Square (PLS) approach. This research finds that corporate Governance, capital structure, and company growth have insignificant effect on dividend policy, while they have a significant impact on company value. Dividend policy has a negative effect on company value.

Keywords

• corporate governance; capital structure; company growth; dividend policy; firm value