Proceedings of the 5th International Conference on Global Innovation and Trends in Economy 2024 (INCOGITE 2024)

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Analysis of Dividend Policy, Corporate Governance, Macroeconomic and Firm Value: Evidence From Indonesian Public Company

Authors
Yudhistira Jati Satriya1, Yosman Bustaman1, *
1Swiss German University, Tangerang, Indonesia
*Corresponding author. Email: yosman.bustaman@sgu.ac.id
Corresponding Author
Yosman Bustaman
Available Online 11 December 2024.
DOI
10.2991/978-94-6463-585-0_23How to use a DOI?
Keywords
Dividend Policy; Corporate Governance; Macroeconomic; Firm Value; Investment
Abstract

This study aims to analyze the relationship between dividend policy, corporate governance, macroeconomic and firm value. This study was conducted on 23 firm that its stocks publicly traded in Indonesian Stock Exchange an included on LQ45 Index from 2018 – 2022. This study uses multiple regression analysis and data panel with three model tests. Dividend policy is still become a puzzle, however this study strengthen the signalling theory of dividend. The results showed that dividend payment, representing dividend policy, has positive effect on firm value. To represent corporate governance, this study found that ownership concentration has no effect on firm value. This findings shows that conflict between majority shareholders and minority shareholders is unidentified. Inflation rate, as the indicator of macroeconomic, has negative effect on firm value. In higher inflation condition, firms stocks tend to become riskier.

Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 5th International Conference on Global Innovation and Trends in Economy 2024 (INCOGITE 2024)
Series
Advances in Economics, Business and Management Research
Publication Date
11 December 2024
ISBN
978-94-6463-585-0
ISSN
2352-5428
DOI
10.2991/978-94-6463-585-0_23How to use a DOI?
Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Yudhistira Jati Satriya
AU  - Yosman Bustaman
PY  - 2024
DA  - 2024/12/11
TI  - Analysis of Dividend Policy, Corporate Governance, Macroeconomic and Firm Value: Evidence From Indonesian Public Company
BT  - Proceedings of the 5th International Conference on Global Innovation and Trends in Economy 2024 (INCOGITE 2024)
PB  - Atlantis Press
SP  - 317
EP  - 326
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-585-0_23
DO  - 10.2991/978-94-6463-585-0_23
ID  - Satriya2024
ER  -