Riwayat: Educational Journal of History and Humanities
Vol 8, No 3 (2025): July, Social Studies, Educational Research and Humanities Research.

The Effect of Good Corporate Governance, Eco-Efficiency, and Dividend Policy on Firm Value

Ariasih, Ni Komang Ayu Widya (Unknown)
Sudana, I Made (Unknown)
Sukayasa, I Ketut (Unknown)



Article Info

Publish Date
31 Jul 2025

Abstract

https://jurnal.usk.ac.id/riwayatThe consumer goods manufacturing sector is projected to remain the main driver of growth in Indonesias manufacturing industry. Although the sectors shares are relatively stable despite economic fluctuations, the companys value often experiences instability, one of which is caused by internal factors. This study examines the effect of managerial share ownership, institutional share ownership, eco-efficiency, and dividend policy on firm value, both partially and simultaneously, in consumer goods manufacturing companies listed on the Indonesia Stock Exchange (IDX) for the period 2022-2024. This research uses an associative quantitative method. The population consists of 125 consumer goods manufacturing companies listed on the IDX during 2022-2024, with 18 companies selected as samples through purposive sampling. Secondary data were obtained from annual finansial reports downloaded from www.idx.co.id. Data analysis was carried out using multiple linear regression, supported by descriptive statistics, classical assumption tests, and hypothesis testing with the help of SPSS version 25. The result show that partially, managerial share ownership has a significant positive effect on firm value. However, institutional share ownership, eco-efficiency, and dividend policy have a positive but not significant effect on firm value. Simultaneously, managerial ownership, institutional ownership, eco-efficiency, and dividend policy have a significant positive effect on firm value. The adjusted R square value of 17,2% indicates the influence of the independent variables on the dependent variable, while the remaining 82,8% is influenced by other.

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Journal Info

Abbrev

riwayat

Publisher

Subject

Humanities Education Social Sciences

Description

The journal publishes writings on (1) History education, (2) History of Education,(3) Social Sciences Education, (4) Sociology Education, (5) Philosophy of history, (6) Historiography, (7) Humanities, and (8) ...