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The breadth of corporate governance boards encompasses a range of viewpoints and vigilant oversight in assessing management decisions and their impact on dividend strategies. This research seeks to explore how the inclusion of female board directors affects firm value through the dividend payout ratio, drawing on data from companies listed on the IDX High Dividend 20 stock index from 2018 to 2022. Financial and annual reports sourced from the Indonesia Stock Exchange (IDX) and the companies themselves serve as the basis for this investigation. Findings suggest that the involvement of women on boards influences the company's dividend payout ratio. However, there's no observed impact on firm value through this ratio. Interestingly, the presence of women in executive director roles is found to have a noteworthy, direct negative impact on firm value.

Firms' decisions are not independent of their peers. This study aims to assess the impact of peer pressure on firms' dividend policy. In a sample of 29 firms from 2014-2020, this study employed a fixed effect regression model and revealed that Bangladeshi firms adjusted their dividend policy in response to their peers. Firms adjust the dividend payout ratio (DPR) by 5.6 percent as a response to their peers. Social learning theory, reputation-based model of peer influence, persuasion bias and rivalry-based theory of mimicking explain how peer influence affects a firm's dividend policy. The findings of positive peer effects on dividend policy are robust to an alternative proxy of dividend policy - dividend yield. Therefore, the study implied that managers' decisions regarding the dividend policy are not independent of their peer firms. Investors can adjust their expectations of a firm's dividend policy based on the overall dividend policy in the industry. [ABSTRACT FROM AUTHOR]

This study aims to analyze the impact of stock trading volume, leverage, and dividend payout ratio (DPR) on stock price volatility among companies included in the Kompas100 Index and listed on the Indonesia Stock Exchange (IDX) from 2018 to 2022. The data used in this research were obtained from the financial statements available on the official IDX website and additional data from Yahoo Finance. A purposive sampling method was used to select the research sample based on specific criteria. The results of the study indicate that stock trading volume and leverage have a significant positive impact on stock price volatility, while DPR also influences volatility by showing changes that can elicit sharp market reactions. These findings provide important insights for investors and company management regarding factors that can increase risk and uncertainty in stock prices in the market. [ABSTRACT FROM AUTHOR]

This study aims to empirically examine the factors that are considered to influence dividend policy on the LQ 45 Sharia Stock Index in Indonesia. Dividend policy is closely related to determining the profit that will be distributed among shareholders and reinvestment as retained earnings. The independent variables in this study include Current Ratio (CR), Return on Equity (ROE), Debt to Equity Ratio (DER), and Earning Per Share (EPS). While the dependent variable is the Dividend Payout Ratio (DPR). The type of research is quantitative research that uses secondary data. The sampling method used was purposive sampling. It was found that 13 companies distributed dividends consecutively during the study period, namely 2016-2022. The data analysis technique used is multiple regression analysis with panel data as the method of analysis. Liquidity (CR) and Profitability (ROE) have no significant effect on the Dividend Payout Ratio (DPR). While Leverage (DER) and Earning per Share (EPS) have a significant influence on the Dividend Payout Ratio (DPR). [ABSTRACT FROM AUTHOR]

Happen fluctuations in stock returns in coal sub-sector companies for the 2018- 2022 period. This research aims to determine the effect of return on equity, net profit margin, debt to equity ratio, and dividend payout ratio on stock returns in coal sub-sector companies listed on the IDX for the 2018-2022 period. The method used in this research is quantitative. The type of data used is secondary data with a population of 31 coal companies using a purposive sampling method and 19 companies used as samples. The data analysis technique used is panel data regression. The research results show that ROE, NPM, DER, and DPR influence stock returns. [ABSTRACT FROM AUTHOR]

Firms’ decisions are not independent of their peers. This study aims to assess the impact of peer pressure on firms’ dividend policy. In a sample of 29 firms from 2014–2020, this study employed a fixed effect regression model and revealed that Bangladeshi firms adjusted their dividend policy in response to their peers. Firms adjust the dividend payout ratio (DPR) by 5.6 percent as a response to their peers. Social learning theory, reputation-based model of peer influence, persuasion bias and rivalry-based theory of mimicking explain how peer influence affects a firm’s dividend policy. The findings of positive peer effects on dividend policy are robust to an alternative proxy of dividend policy – dividend yield. Therefore, the study implied that managers’ decisions regarding the dividend policy are not independent of their peer firms. Investors can adjust their expectations of a firm’s dividend policy based on the overall dividend policy in the industry.

This research, titled "The Influence and Contribution of Financial Performance to Firm Value: A Study on Manufacturing Companies in the Indonesia Stock Exchange," aims to assess the impact and contribution of financial performance on firm value. Financial performance is measured using Return on Assets, debt-to-assets ratio, Total Assets Turnover, and Dividend Payout Ratio, while firm value is proxied using price-to-book value. The sample is determined through purposive sampling, and multiple linear regression analysis is employed to examine the influence of financial performance variables on firm value. The research findings indicate that Return on Assets and Debt to Assets Ratio have a significant favorable influence. Meanwhile, Total Assets Turnover has a non-significant negative impact, and the Dividend Payout Ratio has a positive but non-significant effect on firm value. Approximately 6.9% of the variability in firm value can be explained by financial performance variables. Implications: The findings of this research provide insights for investors in making investment decisions and underscore the importance of understanding financial performance and its impact on firm value. [ABSTRACT FROM AUTHOR]

This study explores the effect of environmental, social, and governance (ESG) disclosure, dividend payout ratio (DPR), and institutional ownership on firm value in Indonesia during the period of 2010 – 2021 with firm size as a moderating variable. This study examined annual data from a total sample of 58 companies listed on Indonesia Stock Exchange. The panel data was analyzed using a moderated regression analysis. The results demonstrate a negative and significant effect of the ESG disclosure on the firm value. This suggests that the ESG disclosure may increase company costs, resulting in a decrease in the firm value, while the DPR and institutional ownershop have a positive and significant effect as explained by the signalling theory. In addition, the moderating role of firm size on the effect of both the ESG disclosure and institutional ownership on the firm value have a positive and significant effect. These findings imply that big companies can invest in long-term ESG projects beneficial for them, while the institutional ownership on the big companies can reduce information asymmetry. However, the moderating role of firm size on the effect of DPR on firm value does not have a significant effect. JEL: G30, G32, Q01.

Kurumsal yönetim kalitesi, ticari faaliyetlerin etkinliğini ve üretkenliğini, raporlamanın güvenilirliğini ve menfaat sahiplerinin hak ve menfaatlerinin korunmasını amaçlamaktadır. Bu çalışmada kurumsal yönetim kalitesinin işletmelerin temettü politikaları üzerinde herhangi bir etkisi olup olmadığı araştırılmaktadır. Bu amaçla, Borsa İstanbul’da faaliyet gösteren ve kurumsal yönetim derecelendirme notuna ulaşılan 70 işletme örneklem olarak seçilmiştir. İşletmelerin kurumsal yönetim derecelendirme notu ile temettü politikaları arasındaki ilişkiyi tespit etmek için panel veri analiz yöntemi uygulanmıştır. Ampirik sonuçlarda, kurumsal yönetim derecelendirme notunun işletmelerin temettü politikaları üzerinde istatistiksel açıdan anlamlı ve pozitif bir etkiye sahip olduğu sonucuna ulaşılmıştır. Buna göre daha iyi yönetim kalitesine sahip işletmelerin daha güçlü bir temettü ödeme eğiliminde olduğu anlaşılmaktadır. Kurumsal yönetimin alt bileşenleri üzerinden yapılan analiz sonucunda sadece yönetim kurulu skorunun temettü politikası üzerinde pozitif bir etkiye neden olduğu tespit edilmiştir. Elde edilen diğer ampirik bulgulara göre, büyüklük ve kârlılık değişkenlerinin işletmelerin temettü politikası üzerinde istatistiksel açıdan anlamlı ve pozitif bir etkiye sahip oldukları gözlemlenirken, varlık büyümesi ve kaldıraç değişkenlerinin işletmelerin temettü politikası üzerinde istatistiksel açıdan anlamlı ve negatif bir etkiye neden olduğu tespit edilmiştir. Aynı zamanda COVID-19 döneminde işletmelerin temettü dağıtımlarını azaltma eğiliminde olduğu elde edilen diğer ampirik bulgular arasındadır.

The main rationale for conducting this study is to investigate the impact of liquidity, leverage, dividend, profitability, productivity, and working capital on the firm value of multinational companies. The data is collected from the listed firms in various categories under Dhaka Stock Exchange (DSE). Data are gathered from the financial statements of 38 concerned firms (having 228 observations) of various categories from the period 2015 to 2021. To examine the data, we have applied a two-stage least squares (2SLS) estimator. Findings and results reveal that the cash ratio, total asset turnover, and debt-asset ratio have a positive and significant relationship with firm value when calculated by the price-to-book value (PBV) ratio. Moreover, cash ratio, dividend payout ratio, and total asset turnover have positive as well as significant relationships with firm value when measured by market capitalization (MKC). This study may have a great contribution to analyzing the firm value by considering one new variable; market capitalization (MKC) for the first time. Such kind of study has very much important to analyze the financial condition and firm value of Companies from emerging countries.

The present paper aims to empirically examine the effect of promoters' holdings and institutional holdings on dividend payout ratio and the firm value. Most importantly, this paper explores the age and size of the firm as the moderators in the relationships. Data collected from 23 companies from India and 253 data points were analyzed to test the hypothesized relationships. The results indicate that promoters' holdings and institutional holdings are positively associated with dividend payout ratio and firm value. Further, moderator hypotheses suggest that (i) firm age moderates the relationship between promoters' holdings and dividend payout ratio, (ii) firm size moderates the relationship between institutional holdings and dividend payout ratio, (iii) firm age moderates the relationship between promoters' holdings and firm value, and (iv) firm size moderates the relationship between institutional holdings and firm value. The implications for theory and practice are discussed. The conceptual model developed and tested in this research contributes to both the literature on dividend payout ratio and firm value and to the needs of institutional investors interested in increasing the firm value. [ABSTRACT FROM AUTHOR]

Copyright of Journal of Research in Economics, Politics & Finance / Ekonomi, Politika & Finans Arastirmalari Dergisi is the property of Journal of Research in Economics, Politics & Finance and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

This research aims to acquire empirical data on the relationship between profitability, liquidity, leverage, and firm value, with dividend policy as a moderating factor. The firm value is significant to creditors and investors because it may be used to gauge a company's capacity to generate profits. Tobin's Q is used in this study to calculate the firm value. A purposive selection technique was utilized to choose the 36 manufacturing companies listed on the IDX throughout 2018–2020, and the moderated regression analysis technique was employed to examine the data. According to the study's findings, profitability has a large positive impact on company value when dividend policy is taken into account, however, liquidity and leverage do not have significant effects. We discovered that businesses with a high firm value made the best use of their resources and could greatly boost production, allowing them to disperse their profits as dividends.

Earnings response coefficient (ERC) is one of the important things for companies and investors, as it reflects a company’s good value. The COVID-19 pandemic, which is happening globally, has greatly affected capital market conditions and companies in general. It is necessary to examine what factors affect ERC significantly to provide an overview to the company while maintaining the good name of the company. This study aims to analyze the effect of firm growth, leverage, information asymmetry, and systematic risk on ERC with dividend payout ratios as moderating on the Indonesia Stock Exchange and Singapore Stock Exchange. The study uses a quantitative approach with secondary data in the form of companies’ annual reports. Population was made up of food and beverage and tobacco manufacturing companies in 2018–2020. It consists of 38 JASICA index companies on IDX, and 33 SGX index companies on SGX. The results showed that, firstly, leverage and systematic risk had a significant negative effect on ERC. Second, firm growth and information asymmetry have no effect on ERC. Third, dividend payout ratio can weaken a positive influence of information asymmetry on ERC. Fourth, dividend payout ratio failed to moderate a positive effect of firm growth and a negative effect of leverage and systematic risk on ERC. All variables have no significant statistical difference between the two stock exchanges. These results indicate that a company must improve the performance and quality of information; pay attention to obligations, mitigate and manage risk to obtain optimal ERC.

Copyright of Jurnal Ekonomi Manajemen Sistem Informasi (JEMSI) is the property of Dinasti Publisher and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Against the backdrop of the existence of a dividend policy that can provide investors with a variety of signals, the objective of this study is to determine the dividend policy in the Indonesian agricultural sector, given the sector's pronounced volatility between 2014 and 2021. This is what causes the agricultural sector to experience the greatest volatility compared to other sectors. This research develops a dividend policy model with moderating variables, namely liquidity, and mediating variables, namely profitability, in response to a number of gaps in the existing literature. The method employed is quantitative explanation with purposive sampling technique. This study employs path analysis by means of the SEM method and STATA version 14. The results indicate that leverage and firm size have a negative impact on dividends, while profitability has no bearing on dividend policy. Other results indicate that leverage has no effect on profitability, while firm size has a negative effect. The failure of the moderation and mediation tests is caused by the absence of profitability's effect on dividends. [ABSTRACT FROM AUTHOR]

Copyright of Journal of Management & Business Equilibrium / Jurnal Manajemen & Bisnis Equilibrium is the property of Fakultas Ekonomi dan Bisnis, Universitas Ngurah Rai and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

The relationship between dividend policy (DP) and the value of firms (FV) has been investigated by several researchers in different jurisdictions. However, the findings of these researchers have been always inconsistent. This is due to the other factors that affect this relationship, which include the investment opportunity (IO). This paper is therefore aimed to empirically examine the impact of dividend policy on firms’ value with investment opportunity as moderator. The population of the study consists of 102 listed Non-financial companies. Based on the criterion set by the researcher, a judgmental technique of sampling was used in selecting 30 non-financial companies from the year 2011 to 2020. Tobin’s’ Q (TQ) and Market Price Per share (MPS) are the proxies for firms’ value, while Dividend per share (DPS) dividend payout ratio (DPR) and dividend yield (DY) are the proxies for dividend policy. Investment opportunity (IO) was measured as fixed asset growth. The study also used Firms’ size (FSIZE), Leverage (LEV) and Industry dummy (IND) as control variables. Descriptive statistics, correlation, and Feasible Generalized Least Squares (FGLS) analysis were used. It was found that DP, DPR, and DY are statistically significant to influence TQ. While MPS was only influenced by DP and DY. It was also found that IO did not moderate the relationship between dividend policy and firm value. It is recommended that the management of corporations should put measures in place that will increase revenue and decrease expenses so that regular dividend payments could be maintained.

This study aims to determine and analyze the effect of debt to equity ratio, cash ratio and dividend payout ratio on stock prices. The research method used is quantitative. A total of 54 sample data were determined by purposive sampling method. data analysis technique using multiple linear regression analysis. The results of the t test show that the independent variables debt to equity ratio, cash ratio and dividend payout ratio have no significant effect on stock prices, because LQ45 Company is a company that is highly trusted by the public so that information from DER, CR and DPR will not affect investment decisions.

The estimation of firm growth is increasingly relevant to providers of capital in periods of economic uncertainty. The current study employs univariate and multivariate analyses to assess the impact of real GDP and the dividend payout ratio on earnings growth of JSE-listed firms. The findings reveal that there is no relationship between these hypothesised predictors of earnings growth, despite contrasting results of previous studies. Through the inclusion of real GDP in models that are established in the research, the study contributes to the literature of macroeconomic variables as lead indicators of firms' earnings growth potential. This research also extends prior research on the impact of dividend payout ratio on future earnings growth. [ABSTRACT FROM AUTHOR]

The main rationale for conducting this study is to investigate the impact of liquidity, leverage, dividend, profitability, productivity, and working capital on the firm value of multinational companies. The data is collected from the listed firms in various categories under Dhaka Stock Exchange (DSE). Data are gathered from the financial statements of 38 concerned firms (having 228 observations) of various categories from the period 2015 to 2021. To examine the data, we have applied a two-stage least squares (2SLS) estimator. Findings and results reveal that the cash ratio, total asset turnover, and debt-asset ratio have a positive and significant relationship with firm value when calculated by the price-to-book value (PBV) ratio. Moreover, cash ratio, dividend payout ratio, and total asset turnover have positive as well as significant relationships with firm value when measured by market capitalization (MKC). This study may have a great contribution to analyzing the firm value by considering one new variable; market capitalization (MKC) for the first time. Such kind of study has very much important to analyze the financial condition and firm value of Companies from emerging countries. [ABSTRACT FROM AUTHOR]

The objective of this research is to examine the impact of profitability, financial risk, company size, and Dividend Payout Ratio (DPR) on the practice of income smoothing in manufacturing companies listed on the Indonesia Stock Exchange (IDX). Purposive sampling was used to collect the sample for this study, which consisted of 25 manufacturing enterprises listed in IDX from 2017 to 2019. According to the findings, profitability has a positive impact on income smoothing practices. However, income smoothing practices are unaffected by leverage, company size, and DPR.

The study analyzed how share prices react to dividend policies of non-financial firms in Nigeria. Data were collected from a sample of 31 non-financial firms using an ex post facto research design from 2013 to 2019, resulting in 217 firm-specific observations. Descriptive statistics, diagnostic tests, and inferential statistics were used as statistical tools of analysis. Results revealed that dividend per share positively and significantly affects share prices of sampled firms. This finding affirms Gordon’s bird in hand theory that share prices are affected by dividend. Dividend payout ratio, dividend yield, firm, size and firm age do not have significant effect on share prices of sampled firms. Consequently, the study recommends that firms should ensure that a good dividend policy is implemented and that dividend per share policies are maintained, as this has been empirically demonstrated to influence share prices.

Earnings per share and dividend payout ratio are amongst the most prominent ratios in financial world. This research aims to find out the impact they have on the share prices. The scope of research is limited to 50 non-financial companies listed on Pakistan Stock Exchange (PSX). Panel regression model is used and the time length of the 5 years is set. The results show that 60 times out of 100 Earnings Per Share (EPS) explains the share price. Whereas dividend payout ratio has detrimental to no effect on the dependent variable. This being said the model developed through the financial data analysis is also not strong enough. One of the reasons for such results can be the inefficient ecosystem of PSX. The investors usually make decisions based on sentimental factors and not taking in account the company specific factors. [ABSTRACT FROM AUTHOR]

Abstract This study attempts to determine whether gender diversity on the firm's board affects the dividend payout ratio concerning firms listed on Nifty 50 in India. Multiple regression analysis and the logit model have been employed. The dependent variable is the dividend payout policy of the firm, and the independent variable is gender diversity. The regression model incorporated control variables that have been popularly listed in the extant literature. The robustness of the results has also been tested. It was found that there exists a positive association between the percentage of female directors and the dividend payout ratio. Results also found that there is a positive impact of the number of female directors on the dividend to total assets. This implies that gender diversity on board positively affects the payout ratio of firms. This study is the first of its kind to investigate the association of gender diversity on the firm's board and dividend payout ratio.

The stock price of manufacturing companies listed on the Indonesia Stock Exchange fluctuates. It causes investors to experience difficulties in making investments in the stock market. A dividend policy is a policy in making decisions to distribute profits as dividends or withhold profits for business development. It is difficult for many company managers. This study examines and proves the effect of exchange rates, interest rates, profitability, and solvency on stock prices mediated by dividend policy. This study uses a quantitative approach with a sample of manufacturing companies listed on the Indonesia Stock Exchange. The number of observations was eight companies, with a research period of 4 years (2016-2019). Sampling using a purposive sampling method. Analysis of research data using multiple linear regression methods and path analysis. The results showed that solvency directly affects stock prices through dividend policy, while profitability only affects stock prices. The same test results also show that the exchange rate measured using exchange rate sensitivity and interest rates measured using interest rate sensitivity cannot influence the stock price of manufacturing companies. This study supports the signaling theory regarding the direct and indirect effects that lead to the company’s stock price. Measuring financial ratios can help companies to decide on dividend policies. Company managers must manage the company’s profitability and solvency appropriately to achieve the goals for shareholders’ welfare.

Purpose - This study aims to empirically test and analyze the influence of information content of cash flow statements, Dividend Payout Ratio (DPR), Economic Value Added (EVA) Corporate Social Responsibility (CSR) on the trading volume of empirical study stocks in manufacturing companies listed on the Indonesia Stock Exchange from 2014 to 2018. Method - The number of samples used in this study was 169 taken from financial report on idx. The analytical techniques used were multiple regressions in order to obtain a comprehensive picture of the relationship between variable and each other. This research used a quantitative approach with its research population of companies included in the manufacturing sector listed on the Indonesia Stock Exchange in 2014- 2018.. Result - Based on the results of this study, investment cash flow and Dividend Payout Ratio (DPR) significantly influenced the trading volume of stocks. Meanwhile, operating cash flow, funding cash flow, Economic Value Added (EVA) and Corporate Social Responsibility (CSR) had no significant effect on stock trading volume. Implication - This research is suggested to improve development of trading volume in investor decision making for investment and for companys’ performance assessment. Originality - This research is the study that used content of cash flow resporting information, dividend payout ratio, economic value added, corporate social responsibility on stock trading volume.

The study analyzed how share prices react to dividend policies of non-financial firms in Nigeria. Data were collected from a sample of 31 non-financial firms using an ex post facto research design from 2013 to 2019, resulting in 217 firm-specific observations. Descriptive statistics, diagnostic tests, and inferential statistics were used as statistical tools of analysis. Results revealed that dividend per share positively and significantly affects share prices of sampled firms. This finding affirms Gordon's bird in hand theory that share prices are affected by dividend. Dividend payout ratio, dividend yield, firm, size and firm age do not have significant effect on share prices of sampled firms. Consequently, the study recommends that firms should ensure that a good dividend policy is implemented and that dividend per share policies are maintained, as this has been empirically demonstrated to influence share prices. [ABSTRACT FROM AUTHOR]

The study aims to determine and analyze the effect of the Debt to Equity Ratio, Price to Earning Ratio, and Dividend Payout Ratio on the Price Book Value of Hotels, Restaurants, and Tourism Subsector Companies listed on the Indonesia Stock Exchange for the 2016-2020 period. The data source of this research is secondary data in the form of financial reports obtained from the IDX and from the company's website. The research sample was 20 companies with the method used was purposive sampling method. The research data analysis technique used panel data regression analysis using the STATA 16 program. The results showed that partially there was a significant positive effect between Debt to Equity Ratio and t Price Book Value, partially there was an insignificant positive effect between Price to Earning Ratio and Price Book Value, partially there is an significant negative effect between Dividend Payout Ratio and Price Book Value. Debt to Equity Ratio, Price to Earning Ratio, and Dividend Payout Ratio simultaneously have no significant effect on Price Book Value. [ABSTRACT FROM AUTHOR]

This research aims to investigate the influence of profitability, firm’s size, and dividend payout ratio towards firm’s value with the capital structure as the intervening variable. The samples employed were the manufacturing companies registered in Indonesia Stock Exchange from 2016-2018. The statistic method used to investigate the hypothesis was a path analysis. The result of the hypothesis investigation proved that the profitability brought significant negative influence towards capital structure, the firm’s size and dividend payout ratio brought insignificant influence towards capital structure; the profitability, firm’s size, dividend payout ratio, and capital structure brought significant positive influence towards the firm’s value. On the other hand, the intervening testing results proved that the capital structure intervened in the influence of the profitability towards the firm’s value, and the capital structure did not intervened in the influence of the firm’s size and dividend payout ratio towards the firm’s value. Being able to pick stocks with profitability value and high dividend payout ratio and choosing a large-scale company are the research implications for investors to scale up the firm’s value. Furthermore, companies can increase profitability, pay higher dividend, and choose a large-scale company by balancing the capital structure, so that firm’s value increases.

The company's long-term goal is to maximize the value of the company, price to book value (PBV) ratio is one of the financial ratios used to quantify company worth, and it is employed in this study to represent firm value. The goal of this research was to see how return on assets, dividend payout ratio, earnings per share, and total asset turnover affected the value of banking companies listed on the Indonesia Stock Exchange from 2018 to 2020. Purposive sampling was employed to gather a total sample of 10 samples over three years, resulting in a total of 30 data points in this study. Multiple linear regression analysis methods with a significant level of 5% are employed in the technical study of the data (0.05). The findings show that return on assets and earnings per share have a positive and considerable impact on the value of a company (price to book value). The dividend payment ratio and total asset turnover variables, on the other hand, have no bearing on the firm's value. The independent variable's ability to explain the link between the dependent and independent variables, namely the firm value of 0.814 or (81.4 %).

The objective of this research is to examine the impact of profitability, financial risk, company size, and Dividend Payout Ratio (DPR) on the practice of income smoothing in manufacturing companies listed on the Indonesia Stock Exchange (IDX). Purposive sampling was used to collect the sample for this study, which consisted of 25 manufacturing enterprises listed in IDX from 2017 to 2019. According to the findings, profitability has a positive impact on income smoothing practices. However, income smoothing practices are unaffected by leverage, company size, and DPR. [ABSTRACT FROM AUTHOR]

This study aims to examine the internal factors that influence the value of a company's shares mediated by the leverage. The sample of this research is the firms listed in the Indonesia Stock Exchange (IDX) during the period 2017 - 2019. Data collected with the purposive method and obtained 102 companies in the year observed. This study uses multiple regression analysis and regression analysis with interaction. Based on the results of multiple regression analyses, this study found that return on equity and total assets influence the value of shares with positive direction, while debt to equity, dividend payout ratio and growth sales do not affect share value. While based on the results regression analysis with interactions, this study found that leverage strengthens the effect of dividend payout ratio and sales growth on share value, and weaken the impact of return on equity and total assets on share value.

This study aimed to obtain an empirical explanation of the role of debt policy and dividend policy as variables mediating the influence of profitability on stock prices. This study used six mining companies listed on the Indonesia Stock Exchange (IDX) during the period of 2012–2016 as samples, hence there were 30 observational data. The sampling technique in this study was purposive sampling. This study found that profitability had a positive effect on stock prices, but the increasing profitability would not necessarily reduce the debt policy. The increasing profitability did not significantly increase the dividend policy, however, increasing dividend policy would increase the stock prices. The results also proved that debt and dividend policy did not mediate the influence of return on equity on the stock prices.

The purpose of this study is to investigate and analyze the relationship between return on assets, growth sales, debt to equity ratio, lagged dividend to dividend payout ratio and size as control variable. Data collected from manufacturing industries in Indonesian Stock Exchange 2011-2017. The method of this study is ordinary least square regression. The results of this study shows that return on assets and lagged dividend have positive impact to dividend payout ratio. Growth sales has insignificance negative relationship to dividend payout ratio. Debt to equity ratio has positive relationship to dividend payout ratio and has insignificance sign

Purpose: The purpose of this study is to comprehend the dynamics of dividend payout in Pakistan’s oil and gas sector. This study is an attempt to differentiate that what are factors force firms to distribute dividends instead of enhancing retained earnings. To draw the required results 13 listed oil and gas companies have been incorporated in this study and their 5 years’ data has been studied. Design/Methodology/Approach: This study is quantitative and secondary data has been used to extract results. The sources of the data are financial statements of the companies under study. Fixed and random effects of regression were used for data analysis. Findings: Based on this study, it can be concluded that the independent variables selected in this model have the power to explain the dependent variable by 45%, which means the results generated through this study can be given importance accordingly in the oil and gas sector of Pakistan. The explanatory variables were identified from the prior literature and then their impact on dividend payout ratio was studied. Implications/Originality/Value: It is evident from the results of the study that management can take necessary steps to formulate a mutually beneficial dividend policy that can enhance the strength and effectiveness of these explanatory variables to enforce a dividend policy that fulfils the expectations of both the investors and the company. The investors can also evaluate different factors that might have an impact on dividend distribution and they can also get the ability to determine dividend payout ratio which made the basis for decision making for investment in the given sector.

This paper makes an attempt to identify the factors influencing dividend policy by analysing data of 125 companies enngaged in housing, construction and real estate business in India. These companies are selected which have paid dividend throughout the study period. Most of these companies are listed with either Bombay Stock Exchange or National Stock Exchange. This paper applies three alternative methods to verify and validate the results obtained from each other method. These methods are fully modified ordinary least squares (OLS), dynamic OLS and generalized methods of moments (GMM). Empirical findings of this research article depict that firm size, leverage and liquidity are significantly affecting dividend payout ratios and these variables have a negative relationship with the dividend payout ratio of the selected real estate firms. The results indicate that firm risk as measured through price–earnings ratio (P/E ratio) has a positive association with dividend payout ratio of selected real estate firms. Lagged dividend payout ratio used in the GMM test as an exogenous variable is showing positive significant association with dividend payout ratio. A firm's growth shows a negative relationship with dividend payout ratio using GMM technique. The present study shall be useful to different stakeholders of real estate companies. Various significant determinants as identified can be used by management for designing optimum dividend policy and providing maximum benefits to existing shareholders. Similarly existing as well as prospective shareholders may predict the future payment of dividend and accordingly they may take investment decisions in these firms, as the future fund's requirement of a firm depends upon dividend payment and retention ratio. [ABSTRACT FROM AUTHOR]