PENGARUH GOOD CORPORATE GOVERNANCE DAN KEBIJAKAN DIVIDEN TERHADAP NILAI PERUSAHAAN

Abstract

This research aimed to examine the effect of good corporate governance and dividend policy on the firm value. In this research, good corporate governance was a proxy for managerial ownership and institutional ownership, dividend policy was a proxy for dividend payout ratio (DPR) also the firm value was a proxy for the price book value (PBV). The research population used manufacturing companies listed on The Indonesia Stock Exchange in the 2018-2020 periods. The research sample collection technique used purposive sampling i.e., a sample selection with determining criteria, therefore it obtained 57 from 19 manufacturing companies listed on The Indonesia Stock Exchange in the 20182020 periods. Moreover, the research data analysis technique used multiple linear regression analysis. Based on the research data analysis and hypothesis test, it concluded that managerial ownership had a positive on the firm value listed on The Indonesia Stock Exchange in the 2018-2020 periods, while, institutional ownership had a positive effect on the firm value listed on the IDX in the 2018-2020 periods and the dividend policy had a positive effect on the firm value which listed on the IDX in the 2018-2020 periods.