The Effect of Dividend Policy, Financial Performance and Environmental Performance on Investor Reactions

Investors pay attention to the future business prospects of investments they choose, although in investing conditions choose cannot be known with certainty. Investor's reaction is response investor itself information provided by company and can positive or negative. The purpose this study was examine effect Dividend Policy, Financial Performance Environmental on Investor Reaction manufacturing companies listed Indonesia Stock Exchange for 2017-2021 Period rarely discussed reaction. method used research use panel data regression processing. Findings analysis after going through Chow test Haussman show that coefficient factors namely Policy (, () ( have a significant influence group. This discussing more intense 24 (IDX) participating PROPER program implementation 5 years. following conclusions were obtained: Performance, included model Reactions proxied Abnormal Returns. Managerial implication made into policies are regulations requiring active expressing environmental responsibility.