Effect of profitability and dividend policy on corporate governance and firm value: Evidence from the Indonesian manufacturing Sectors

Muhammad Tamrin, H. Rahman Mus, , Sudirman, Aryati Arfah and Herman Sjahruddin

No 8bvw2, INA-Rxiv from Center for Open Science

Abstract: This study aims to analyze the effect of Profitability and Corporate Governance Structure on dividend policy and its impact on the firm value. The population in this research is manufacturing companies listed in Indonesia Stock Exchange as many as 146 companies. The research sample as many as 58 companies, the period of 2013 to 2015. Sampling technique used is purposive sampling. The data analysis technique used is WrapPLS. The results showed that profitability have a negative and significant effect on dividend policy. Profitability has a negative and significant effect on firm value. Profitability is a negative and insignificant effect on firm value as a mediated dividend policy. The structure of corporate governance is positive and significant effect on dividend policy. Corporate governance structure has a positive and significant effect on firm value. Corporate governance structure has a positive and insignificant effect on firm value as a mediated dividend policy. Dividend policy is a positive and insignificant effect on firm value

Date: 2018-09-06
New Economics Papers: this item is included in nep-cfn and nep-sea
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Persistent link: https://EconPapers.repec.org/RePEc:osf:inarxi:8bvw2

DOI: 10.31219/osf.io/8bvw2

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