June 30, 2025

The Effect of Debt and Managerial Ownership Policies on Company Value With Dividend Policy as a Moderation Variable

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Authors

EPEka Intan Kumala PutriIPB University SSSetianingsih SetianingsihSebelas Maret University

Discussion

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Implication

Quantitative analysis reveals debt policy negatively impacts firm value in consumer non-cyclicals, while managerial ownership influences value, indicating dividend policy's moderation role.

Key Points

Simultaneously, debt policy and managerial ownership have a significant impact on firm value, highlighting their importance in corporate governance.
Debt policy was found to have a negative effect on firm value, suggesting potential risks associated with high leverage.
This study utilized panel data regression analysis on secondary data from 10 companies over 5 years on the Indonesia Stock Exchange.
The research indicates that while dividend policy does not moderate the debt-firm value relationship, it has a moderating effect on managerial ownership and firm value.

Cite This Study

Putri et al. (2025) studied this question.

synapsesocial.com/papers/68af782c7567bf4f94ff0c67 https://doi.org/10.32493/ebic.v2i1.51495

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Implication

Quantitative analysis reveals debt policy negatively impacts firm value in consumer non-cyclicals, while managerial ownership influences value, indicating dividend policy's moderation role.