The Role of Dividend Policy in Explaining Corporate Governance and Profitability on Firm Value

This study aims to determine the effect of corporate governance and profitability on dividend policy based substitution theory and/or outcome in banking sector Indonesia. Theoretically, this contributes which is more dominant between by linking influence with providing information about impact application firm value build awareness be careful investors. Investors making investment decisions, especially industry In addition, also examines role explaining relationship firms. A sample 135 observational data comes from 27 companies during 2016-2020. research found that has a negative significant policy. CG index one factors can explain company's market value. Profitability empirically proven Dividend play mediating However, it cannot mediate