Pengaruh Koneksi Politik terhadap Nilai Perusahaan
Abstract
The purpose of this study is to analyze the effect of political connection on firm value. This study uses 160 samples listed on the Indonesia Stock Exchange for the period 2014 to 2018. The analysis used in this study is the Multiple Regression analysis model that is processed with SPSS 20 software. This study found that political connections had a positive and significant effect on firm value. The results show that the political connections that a company has can cause a company to have an advantage so that it can increase the value of the company.
Keywords: Political Connection; Firm Value.
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References
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Al-Tuwaijri, S. A., Christensen, T. E., & II, K. . H. (2004). The relations among environmental disclosure, environmental performance, and economic performance: a simultaneous equations approach. Accounting, Organizations and Society, 29(5), 441–471.
Ali, A., Chen, T.-Y., & Radhakrishnan, S. (2007). Corporate disclosures by family firms. Journal of Accounting and Economics, 44, 238–286.
Ang, J. S., Ding, D. K., & Thong, T. Y. (2013). Political connection and firm value. Asian Development Review, 30(2), 131–166. https://doi.org/10.1162/ADEV_a_00018
Barney, J. B. (2001). Resource-based theories of competitive advantage: A ten-year retrospective on the resource-based view. Journal of Managenet. https://doi.org/https://doi.org/10.1177/014920630102700602
Berkman, H., & Galpoththage, V. (2016). Political connections and firm value: an analysis of listed firms in Sri Lanka. Pacific Accounting Review, 28(1), 92–106. https://doi.org/10.1108/PAR-06-2014-0020
Channey, paul K., Facio, M., & Parsley, D. (2011). The quality of accounting information in politically connected firms. Journal of Accounting and Economics, 51(1), 58–76.
Christiawan, yuius yogi, & Tarigan, J. (2007). Kepemilikan Manajerial: Kebijakan Hutang, Kinerja Dan Nilai Perusahaan. Jurnal Akuntansi Dan Keuangan, 9(1), 1–8. https://doi.org/10.9744/jak.9.1.pp.1-8
Chung, K. H., & Pruitt, S. W. (1994). A Simple Approximation of Tobin’s q. Financial Management, 2(2), 70–74.
Dewanti Mega Rizky. (2019). Pengaruh Koneksi Politik Terhadap Nilai Perusahaan yang terdaftar di BEI. Surabaya. Artikel Ilmiah STIE Perbanas Thesis.
Do, Q.-A., Lee, Y. T., & Nguyen, B. D. (2015). Political Connections and Firm Value: Evidence from the Regression Discontinuity Design of Close Gubernatorial Elections. CEPR Discussion Paper.
Faccio, M. (2006). Politically connected firms. American economic review, 96(1), 369-386.
Fernandez, A. (2018) Para pengusaha di balik partai politik/Interviewer: T. Hadiyantono. KONTAN.co.id, jakarta.
Fisman, R. (2001). Estimating the Value of Political Connections. The American Economic Review, 91(4), 1095-1102.
Goldman, E., Rocholl, J., & So, J. (2006). Do Politically Connected Boards Affect Firm Value? SSRN Electronic Journal, February. https://doi.org/10.2139/ssrn.965831
Gunawan, B. (2011). Pengaruh keputusan Investasi, Keputusan Pendaanan, Kebijakan Deviden dan Suku Bunga Terhadap Nilai Perusahaan. Jurnal Investasi, 7(1), 31–34.
Haruman, T. (2008). Struktur Kepemilikan, Keputusan Keuangan Dan Nilai Perusahaan. Jurnal Keuangan Dan Berbankan, 2(2).
Harymawan, I., Agustia, D., & Prasetyo, K. (2018). The Quality of Accounting Earnings and Change in Political Power Map: Evidence from Indonesia. SHS Web of Conferences.
Purwanto, L. (2011). Pengaruh Koneksi politik, Kepemilikan pemerintah dan keburaman laporan keuangan terhadap kesingkronan dan resiko crash harga saham. Ringkasan Desertasi Program Doktor Ilmu Ekonomi Manajemen.
Setyawan, F. A. (2017). Ombudsman: 222 Komisaris BUMN Rangkap Jabatan. cnn indonesia.
Wang, Fangjun, Luying Xu, Junrui Zhang, Wei Shu. (2018). ”Political Connection, Iinternal Control and Firm Value: Evidence from China’s Anti-Corruption Campaign.” Journal of Business Research 86(1): 53-67. doi: 10.1016/j.jbusres.2018.01.045.
Published
2020-06-26
How to Cite
EVALESTINE PATRIARINI, Winny.
Pengaruh Koneksi Politik terhadap Nilai Perusahaan.
E-Jurnal Akuntansi, [S.l.], v. 30, n. 6, p. 1550 - 1560, june 2020.
ISSN 2302-8556.
Available at: <https://ojs.unud.ac.id/index.php/akuntansi/article/view/59152>. Date accessed: 14 nov. 2024.
doi: https://doi.org/10.24843/EJA.2020.v30.i06.p16.
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