INTERNATIONAL JOURNAL OF SOCIETY REVIEWS (INJOSER)
Vol. 1 No. 6 (2024): INTERNATIONAL JOURNAL OF SOCIETY REVIEWS (INJOSER)

ANALYSIS OF THE IMPACT OF DIVIDEND POLICY ON COMPANY VALUE: A CASE STUDY ON MANUFACTURING COMPANIES LISTED ON THE IDX(Indonesia Stock Exchange)

Gunawan Widjaja (Senior Lecturer Faculty of Law Universitas 17 Agustus 1945 Jakarta)



Article Info

Publish Date
06 Mar 2026

Abstract

This study aims to analyze the impact of dividend policy on company value among manufacturing companies listed on the Indonesia Stock Exchange (IDX). The research method employed was a literature review, seeking references related to the research context under study. The findings indicate that the dividend payout ratio and dividend yield have a significant positive effect on company value, while dividend growth does not show a significant impact. These findings underscore the importance of dividend policy as a factor influencing investor perceptions of company value. The managerial implication of this research is that manufacturing companies on the IDX need to consider appropriate dividend strategies as part of their financial policies to enhance company value. This study also contributes to the financial literature by expanding understanding of the dynamics of dividend policy in the Indonesian capital market, particularly within the manufacturing sector.

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Journal Info

Abbrev

INJOSER

Publisher

Subject

Religion Humanities Social Sciences

Description

INTERNATIONAL JOURNAL OF SOCIETY REVIEWS (INJOSER) is a scientific journal that publishes articles in the fields of humanity, social science. Humanities include: Language and Linguistics, History, Literature, Performing Arts, Philosophy, Religion, Fine Arts. Social Science fields of Science include: ...