This study aims to examine the effect of free cash flow and investment opportunity set on dividend policy with debt policy as an intervening variable. This type of research is quantitative causality using the population in this study is a consumer goods industry manufacturing companies listed on the Indonesia Stock Exchange in 2015-2019. The selection of data samples using purposive sampling technique. The analytical method used is path analysis. The results of this study indicate that free cash flow has a positive and significant effect on debt policy, investment opportunity set has no effect on debt policy, free cash flow has a positive and significant effect on dividend policy, investment opportunity set has no effect on dividend policy, free cash flow and investment The opportunity set simultaneously influences the dividend policy, the debt policy does not mediate the effect of free cash flow on the dividend policy and the debt policy does not mediate the effect of the investment opportunity set on the dividend policy.

The goal of this research is to determine the role of domestic investment in poverty reduction in nine provinces across Java, Bali, East Nusa Tenggara (NTT), and West Nusa Tenggara (NTB). This study employs quantitative approaches, drawing on data from the Central Bureau of Statistics, Bank Indonesia, and the Ministry of Finance. Manpower and Transmigration. The analysis used the method of panel least square dummy variables by conducting a combination analysis of time series data and cross section data by taking samples in 9 Provinces in Java, Bali, NTT and NTB. The amount of data used is a ten-year span, i.e., from 2010 to 2019. The results of the study proved that when there was an increase in domestic investment in 9 provinces in Java, Bali, NTT and NTB, the poverty rate of eight of the nine provinces studied had a positive and significant effect while one other province, Banten, had no significant effect. So, it can be concluded that PMDN in general has a significant effect on reducing poverty in Java, Bali and Nusa Tenggara.