Kompensasi Eksekutif, Kepemilikan Asing, Dan Kebijakan Dividen

Abstract

This study provides new insights into the relationship between executive compensation and dividend policy, and how foreign ownership can moderate the relationship in food and beverage subsector companies in Indonesia. The method used is panel data regression analysis obtained from the annual reports of companies listed on the Indonesia Stock Exchange (IDX) in the 2019-2023 period. The results showed that executive compensation has a significant positive effect on dividend policy, which indicates that high executive compensation will tend to allocate greater dividends to shareholders as part of investor interests. However, foreign ownership is not proven to moderate the effect of executive compensation on dividend policy. This finding suggests that while foreign ownership may influence corporate decisions, in this context, they do not have a significant role in moderating the relationship between executive compensation and dividend policy.