PENGARUH KONEKSI POLITIK TERHADAP NILAI PERUSAHAAN DENGAN KINERJA KEUANGAN SEBAGAI VARIABEL MEDIASI

Setiya Intan Novera

Abstract


This study raises the issues of the influence of political connections on firm value using mediating variables and control variables based on the phenomena that occur in banking firms in Indonesia, namely the weakening of the capital market and the decline in company profits. The purpose of this study is to analize and determine the effect of political connections on firm value with financial performance as a mediating variable and firm age and firm size as control variables. this study uses secondary data with quantitative methods processed using the SPSS version 27 application. The population of this study uses all firm listed on the IDX in 2023, the sample used is banking companies listed on the IDX for the 2015-2023 period. The data collection technique used is the documentation method. Data analysis uses descriptive statistical tests, classical assumption tests, multiple linear analysis tests, T tests and Sobel Test. The result of the study indicate that political connections affect firm value, political connections do not affect financial performance, financial performance has a positif affect on firm value, and financial performance cannot mediate the effect of political connections on company value. Keywords: Political Connections, Firm Value, Financial Performance.

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References


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