PENGARUH KEBIJAKAN DEVIDEN TERHADAP KINERJA PERUSAHAAN PERTAMBANGAN: CORPORATE GOVERNANCE SEBAGAI VARIABEL PEMODERASI

Zaitul, Zailtul (2021) PENGARUH KEBIJAKAN DEVIDEN TERHADAP KINERJA PERUSAHAAN PERTAMBANGAN: CORPORATE GOVERNANCE SEBAGAI VARIABEL PEMODERASI. PENGARUH KEBIJAKAN DEVIDEN TERHADAP KINERJA PERUSAHAAN PERTAMBANGAN: CORPORATE GOVERNANCE SEBAGAI VARIABEL PEMODERASI.

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Abstract

Abstrak Mining industry is an important industry for central government as sources of fund to finance the country development. Therefore, the performance of companies in this industry has been being an interest of academics and pratitioners. However, less attention has been given on the role of corporate governance in moderating the relationship between dividend policy and performance. with uniqueness of Indonesia corporate governance system, this study will enrich the dividend policy and corporate governance literatures. This study aims to investigate the corporate governance role in moderating the relationship between dividend policy and performance. Besides, this study also look atthe effect of dividend policy andperformance. with final sample of 21 companies for 3 years, we use the moderated regression analysis (MRA). Before regressin run, we conduct several analysis, such as normality. The means score of each variabel (ROA, DPR, PO, CA, and CS) shows that 4.77%, 32%, 29.6%, 23 years, and Rp. 13,6 T. The first hypothesis is accepted with positive direction. However, the effect of corporate governance on performance is not significant due to the higher significant value. therefore, the second hypothesis is rejected. However, the third hypothesis is accepted at 10%. The interaction of dividend policy and corprote governance and its effect on performance is explained by the agency theory. Practically, the companies must implement the corporate governance effectively. Keyword: Dividend Policy, Corporate governance and Companies performance.

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