Fostering Firm Value: Examining the Interplay Between Board Diversity and Dividend Policy

Citra Robiatul Mar’fuah, Chairil Afandi

Abstract


Firm value is considered important by investors before investing some of their assets in a company. Investor doubts about dividend returns arise due to board diversity in the company. This study aims to analyze the effect of gender diversity, age diversity, education diversity and tenure diversity on firm value with dividend policy as a mediating variable. The population of this study is financial companies listed on the Indonesia Stock Exchange (IDX) in 2018-2022 with sample selection using purposive sampling technique. The method analysis method is panel data regression. The results showed that partially age diversity, education diversity, tenure diversity and dividend policy affect firm value. While gender diversity has no effect on firm value. Dividend policy is proven to mediate the effect of gender, age, education and tenure on firm value.

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References


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