The Role of Dividend Policy in Moderating the Effect of Sustainability Report and Ownership Structure on Firm Value
DOI:
https://doi.org/10.55927/ijems.v3i3.90Keywords:
Sustainability Report, Ownership Structure, Dividen Policy, Firm ValueAbstract
This research investigates the role of dividend policy in moderating the influence of sustainability reports and ownership structure on firm value. A quantitative method was used, with the population and sample consisting of consumer non-cyclical sector companies listed on the Indonesia Stock Exchange for the 2021–2023 period. EViews 12 software was employed, and the best-fitting model selected was the Random Effect Model (REM). The results show that the sustainability report has no effect on firm value, while institutional ownership and managerial ownership have a positive and significant effect. Dividend policy fails to moderate the partial effects of the sustainability report, institutional ownership, and managerial ownership. Firm value is unaffected by either the company’s size or its age
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