AN ANALYSIS OF THE INFLUENCE OF PUBLIC OWNERSHIP, DIVIDEND POLICY, GREEN ACCOUNTING AND COMPANY AGE ON FINANCIAL PERFORMANCE

Abstract

Investment in the consumer goods sub-sector is one of the favorite investments in the eyes of investors taking into account the business performance of the target company. This research aims to test and explain the influence of public ownership, dividend policy, green accounting and company age on financial performance. In this research, public ownership is measured by the proportion of public ownership, dividend policy is measured by the Dividend Payout Ratio, Green Accounting is measured by the PROPER rating index, company age is measured by the length of time the company has been established and financial performance is measured by Return on Assets (ROA). This research is a quantitative study using 63 data from manufacturing companies in the consumer goods sector in 2020-2022. The results of the research show that public ownership, dividend policy and green accounting have no effect on financial performance, while company age has an effect on financial performance.