THE EFFECT OF SHARE OWNERSHIP STRUCTURE, DIVIDEND POLICY AND GOOD CORPORATE GOVERNANCE ON COMPANY VALUE ON FOOD AND BAVARAGE COMPANIES LISTED ON THE INDONESIA STOCK EXCHANGE (IDX)

Abstract

This study aims to determine the effect of stock ownership on firm value, the effect of dividend policy on firm value, the effect of good corporate governance on firm value, the effect of stock ownership on dividend policy, and the effect of good corporate governance on dividend policy. The sample in this study is the food and beverage sub-sector companies listed on the Indonesia Stock Exchange that publish annual financial reports consistently from 2017-2019. The population of this research is 20 food and beverage companies listed on the Indonesia Stock Exchange in 2017-2019. The sampling method used a purposive sampling approach. The data source is secondary data obtained from the annual report between the 2017-2019 period on the Indonesia Stock Exchange.
The data analysis of this research uses the outer model, outer loading after changing the model, and path analysis. With the help of the Partial Least Square program so that there are no many assumptions and definite results are obtained. The results of this study indicate that the data analysis or path coefficient results in the Partial Least Square analysis are aimed at share ownership, dividend policy, good corporate governance and firm value. This study shows that share ownership has a positive and significant effect on firm value, dividend policy has a positive and significant effect on firm value, good corporate governance has a positive and significant effect on firm value, the effect of share ownership has a positive and significant effect on dividend policy, and good corporate governance, positive and significant effect on dividend policy.