دورية أكاديمية
The Influence of Corporate Governance Index and Related-Party Transactions on Company Value with Political Connections as a Moderation Variable: The Case of State-Owned Companies on the Indonesia Stock Exchange
| العنوان: | The Influence of Corporate Governance Index and Related-Party Transactions on Company Value with Political Connections as a Moderation Variable: The Case of State-Owned Companies on the Indonesia Stock Exchange |
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| المؤلفون: | Ima Widha RATNASARI, Gede Adi YUNIARTA, Desak Nyoman Sri WERASTUTI |
| المصدر: | CECCAR Business Review, Vol 5, Iss 4, Pp 68-79 (2024) |
| بيانات النشر: | The Body of Expert and Licensed Accountants of Romania, 2024. |
| سنة النشر: | 2024 |
| المجموعة: | LCC:Economic history and conditions LCC:Finance |
| مصطلحات موضوعية: | corporate governance, firm value, state-owned enterprises, related-party transactions, political connections, Economic history and conditions, HC10-1085, Finance, HG1-9999 |
| الوصف: | Corporate governance and company value are essential issues in managing state-owned companies in Indonesia. This research examines the influence of corporate governance index and related-party transactions on the value of state-owned companies on the Indonesia Stock Exchange by analyzing the role of political connections as a moderating variable. The population of this research is all state-owned companies on the Indonesia Stock Exchange from 2015 to 2022. The research sample was obtained using a purposive sampling technique. Data analysis uses moderated regression analysis. This research found that, in the case of state-owned companies in Indonesia, the corporate governance index positively affected company value. In contrast, related-party transactions harmed company value. Political connections have not been proven to be a moderating variable in the influence of corporate governance index on company value. However, they are proven on the influence between related-party transactions and company value. Investors in the Indonesian capital market assess political connections in state-owned companies in Indonesia as increasing the risk that it will worsen the influence of related-party transactions and the value of state-owned companies. |
| نوع الوثيقة: | article |
| وصف الملف: | electronic resource |
| اللغة: | English Romanian; Moldavian; Moldovan |
| تدمد: | 2668-8921 |
| Relation: | https://www.ceccarbusinessreview.ro/the-influence-of-corporate-governance-index-and-related-party-transactions-on-company-value-with-political-connections-as-a-moderation-variable-the-c-a386d/download-PDF/; https://doaj.org/toc/2668-8921 |
| DOI: | 10.37945/cbr.2024.04.07 |
| URL الوصول: | https://doaj.org/article/ec1e3172bac14e739dbcc20a0c011dcd |
| رقم الأكسشن: | edsdoj.1e3172bac14e739dbcc20a0c011dcd |
| قاعدة البيانات: | Directory of Open Access Journals |
Full Text Finder | تدمد: | 26688921 |
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| DOI: | 10.37945/cbr.2024.04.07 |