The Effect of Political Connection, Intellectual Capital on Firm Value with Corporate Governance as Moderation


Authors : Ivit Iqrasari; Mediaty; Hamid

Volume/Issue : Volume 5 - 2020, Issue 12 - December

Google Scholar : http://bitly.ws/9nMw

Scribd : https://bit.ly/37hAkbW

Abstract : This study aims to examine and analyze the effect of political connection, intellectual capital on firm value with corporate governance as a moderating variable. The population of this study is all state-owned companies listed on the Indonesia Stock Exchange for the 2017-2019 period, there are 24 companies. The sample selection technique used was purposive sampling. Total observations for 3 years as many as 72 company financial reports met the purposive sampling criteria so that all populations were sampled. The results showed that: first, political connection has a negative effect on firm value. Second, intellectual capital has a positive effect on firm value. Third, corporate governance has a significant effect in moderating the political connection to firm value. Fourth, corporate governance has a negative regression coefficient in moderating intellectual capital to firm value

This study aims to examine and analyze the effect of political connection, intellectual capital on firm value with corporate governance as a moderating variable. The population of this study is all state-owned companies listed on the Indonesia Stock Exchange for the 2017-2019 period, there are 24 companies. The sample selection technique used was purposive sampling. Total observations for 3 years as many as 72 company financial reports met the purposive sampling criteria so that all populations were sampled. The results showed that: first, political connection has a negative effect on firm value. Second, intellectual capital has a positive effect on firm value. Third, corporate governance has a significant effect in moderating the political connection to firm value. Fourth, corporate governance has a negative regression coefficient in moderating intellectual capital to firm value

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