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Journal : Systematic Literature Review Journal

The effects of dividend policy, firm size, and green accounting on company value Salsabila, Zahra; Novita Fitrah Ramadani; Wega Azizah
Systematic Literature Review Journal Vol. 1 No. 2 (2025): April : Systematic Literature Review Journal
Publisher : International Forum of Researchers and Lecturers

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70062/slrj.v1i2.206

Abstract

The Indonesian manufacturing industry is currently facing intense pressure due to global economic fluctuations and domestic volatility, prompting a strategic reassessment of sustainability practices to maintain competitiveness. While firm value reflects investor confidence, discrepancies remain between operational performance and market valuation, particularly in highly profitable firms. This study aims to systematically investigate how internal corporate factors namely dividend policy, firm size, and green accounting influence firm value. Using a Systematic Literature Review (SLR) method, ten journal articles published between 2023 and 2025 were selected based on indexation (SINTA, Scopus, Copernicus), methodological clarity, and variable alignment. The articles were screened and analyzed using content analysis techniques, supported by Microsoft Excel and Mendeley for structured data extraction. The findings reveal that a stable dividend policy serves as a strong signal of financial stability, firm size reinforces strategic positioning and resource capacity, and green accounting strengthens legitimacy through sustainability disclosure. These factors jointly shape market perceptions and ultimately influence firm valuation. The synthesis supports both signal theory and legitimacy theory in explaining the transmission of value through internal policies. This study contributes theoretically by integrating financial and sustainability variables into a unified value framework and offers practical insights for corporate decision-makers seeking to align internal strategies with investor expectations. Limitations include reliance on secondary data and scope restricted to the manufacturing sector. Future studies should explore empirical validation through cross-sectoral analysis and primary data to enrich the findings.
Co-Authors Abdullah, Nisa Nurmauluddiana Abiyyu Khalis Winarno Acep Komara Adiyanti, Putri Afifah, Dinda Nur Alfiani, Farisha Aljabar, Muhammad Farhan Ameliati, Sri Amirah Zatil Izzah Anggraeni, Rosiana Anggun Dwi Lestari Anindita Septiarini, Anindita Apriliani, Apriliani Aulia Zulda Nasution Azkiatul Mahfudhoh Cinta Dwi Chayani Dany Miftah M Nur Deby Destri Muliastri dini faisal Dwi Puji Lestari Dwitya Elvira, Dwitya Elda Herlina Fornia, Daviana Dwitasari Enka Ghanii Al Hamiid Hakim, Muhammad Irvan Hanif, Ahmad Luthfi Indina Az Zahra Indina Azzahra Isra Nurmai Yenti Jiani, Anggi Ken, R.R Wening Kundharo Saddhono Lauta, Aurora Putri M.Zacky Dhanuarta Maulidza, Nurul Muhammad Rizki Firdaus Muhammad Yusuf Muhtadin, Sabilal Nasichah Nasution, Febri Aini Nelsa Agustina Arum Nicolaus Euclides Wahyu Nugroho Nikmah Rahmawati Nola Nari Noor Bekti Negoro Novita Fitrah Ramadani Nur Itsna Athia Salsabila Nurhaswinda Nurul Hasanah Nuryono Satya Widodo Onggal Sihite Pamungkas, Andika Rizki Putra Pramudya, Pranata Eka Purba, Imanuel Syahputra Puspitasari, Novianti Putri Maharani Putri Pilma, Riska Putri, Alfina Naufali R, Arda Octavia. A. R, Syahrul Abdurrahman. Raharja, Ahmad Syakir Rezki Yeti Yusra Rhamdani, Eka Wulan Rijanti, Arie Rismawati Yaswir Ruardhian, Mahir Rudy Afriant Sabrina, Hasyifa Sadiah Achmad safitri, Desya Safruli, Diki Selvia Dwi Oktaviany Sihaloho, Nadia Fransiska Sri Wahyuni Syafei, Atikah Nadiah Tiara Wahyudi, Moh Ikhwan Wega Azizah Widiya Nisa Wijaya, Erik Yani Triyani Yuli Setiowati Yuni Suharnida Lubis Zelly Dia Rofinda Zulfah, Putri