The Effect Of Capital Structure And Dividend Policy On Company Value Moderated By Good Sharia Corporate Governance
DOI:
https://doi.org/10.21111/at.v11i2.15299Keywords:
Capital Structure, Dividend Policy, Good Corporate Governance Syariah, Company ValueAbstract
The purpose of this study is to determine whether capital structure and dividend policy affect company value, and whether Shariah-compliant Corporate Governance moderates the relationship between capital structure and dividend policy on company value. The theory used in this study is the Firm Theory. This study uses secondary data collected through document analysis methods. The population in this study comprises all food and beverage companies listed on the Indonesia Stock Exchange during the 2019-2024 period, resulting in a total of 14 companies selected through purposive sampling. Data processing and analysis techniques use SPSS software version 25. The results of this study indicate that capital structure has a significant positive effect on company value. A company's dividend policy has a significant negative impact on its value. Sharia-compliant corporate governance can be enhanced by strengthening the influence of capital structure on company value. Sharia-compliant corporate governance can also moderate the effect of dividend policy on company value. Previous studies have produced inconsistent results, making this research important for determining results relevant to current guidelines.References
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