Indonesian Journal of Advanced Research (IJAR)
Vol. 4 No. 3 (2025): March 2025

The Impact of Firm Size, Capital Structure, and Good Corporate Governance on Dividend Policy in Manufacturing Companies Listed on the IDX from 2019-2023

Mahendra, Heru (Unknown)
Kusmayadi, Iwan (Unknown)

Article Info

Publish Date
20 Mar 2025

Abstract

The study examines the impact of company size, capital structure, and good corporate governance (GCG) on the dividend policy of manufacturing companies listed on the IDX from 2019-2023. Using purposive sampling, 15 out of 164 companies were analyzed with regression and panel data methods via EViews 13. The results show that company size (total assets) negatively affects the dividend payout ratio (DPR), though insignificantly. Capital structure (debt-to-equity ratio) has a positive and significant effect on DPR, while GCG (total audit committee) has a negative but insignificant effect. These findings provide insights for stakeholders in formulating policies to attract investors, enhance the capital market, and support the manufacturing sector’s growth, contributing to national economic development.

Copyrights © 2025




Citation Download
RIS
EndNote, Reference Manager, ProCite
BibTex
Latex, Jabref
Original Source
Download Original
Google Scholar
Check in Google Scholar
Journal Info
Indonesian Journal of Advanced Research (IJAR)
Website

Abbrev

ijar

Publisher

PT FORMOSA CENDEKIA GLOBAL

Subject

Civil Engineering, Building, Construction & Architecture Computer Science & IT Decision Sciences, Operations Research & Management Education Languange, Linguistic, Communication & Media

Description

Indonesian Journal of Advanced Research (IJAR) is an open-access and peer-reviewed journal, published by Formosa Publisher, which is mainly intended for the dissemination of research results by researchers, academics, and practitioners in many fields of science and technology. IJAR publishes ...