PENGARUH STRUKTUR MODAL, KONEKSI POLITIK, DAN UKURAN PERUSAHAAN TERHADAP NILAI PERUSAHAAN PADA PERUSAHAAN NON-KEUANGAN YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2023

Authors

  • Amelia Dwi Anita Universitas Balikpapan
  • Wiwik Saraswati Universitas Balikpapan
  • Ita Yuni Kartika Universitas Balikpapan

DOI:

https://doi.org/10.36277/geoekonomi.v16i1.573

Keywords:

Capital Structure, Political Connection, Firm Size, Firm Value

Abstract

This study aims to examine the effect of Capital Structure, Political Connections, and Company Size on Company Value. The data used are the annual financial reports of non-financial companies listed on the Indonesia Stock Exchange (IDX) for the period 2023. The type of research used is quantitative research. The sampling technique uses a purposive sampling method which produces 717 company samples from a population of 832 companies. The data analysis method used is descriptive statistical analysis and multiple linear regression analysis. The test tools used are the classical assumption test, the coefficient of determination test (R2), and the t-test. The results of this study indicate that Capital Structure has no significant and negative effect on company value. The results of the Political Connection study have no significant effect on company value. The results of the Company Size study have a significant effect on company value

Downloads

Download data is not yet available.

References

Atmojo, P., & Susilowati, D. (2019). Pengaruh Struktur Modal Dan Profitabilitas Terhadap Nilai Perusahaan Textile Dan Garment Yang Terdaftar Di Bursa Efek Indonesia (Bei). Jurnal GeoEkonomi, 10(1), 74–85. https://doi.org/10.36277/geoekonomi.v10i1.57

Azizah, D. G., & Widyawati, D. (2021). Pengaruh Kinerja Keuangan Dan Ukuran Perusahaan Terhadap Nilai Perusahaan Pada Perusahaan Food and Beverages Di Bei. Jurnal Ilmu Dan Riset Akuntansi, 10(1), 1–18.

Dewi, V. S., & Ekadjaja, A. (2020). Pengaruh Profitabilitas, Likuiditas Dan Ukuran Perusahaan Terhadap Nilai Perusahaan Pada Perusahaan Manufaktur. Jurnal Multiparadigma Akuntansi Tarumanagara, 2(1), 118–126.

Irawan, D., & Kusuma, N. (2019). Pengaruh Struktur Modal Dan Ukuran Perusahaan Terhadap Nilai Perusahaan. Jurnal Aktual STIE Trisna Negara, 17(1), 66–81.

Jensen, M. C., & Meckling, W. H. (1976). Theory Of The Firm : Managerial Behavior, Agency Costs And Ownership Structure. Journal of Financial Economics, 3, 305–360.

Joseline, Frandy, S., & Pangestu, S. (2021). Pengaruh Koneksi Politik terhadap Nilai Perusahaan Non-Keuangan. Studi Akuntansi Dan Keuangan Indonesia, 4(1), 68–77. https://doi.org/10.21632/saki.4.1.68-77

Lestari, E. N., & Winedar, M. (2021). Pengaruh Penghindaran Pajak dan Koneksi Politik Terhadap Nilai Perusahaan (Studi Empiris Perusahaan Pertambangan sub Sektor Batubara yang Terdaftar di Bursa Efek Indonesia Periode 2019-2021). Soetomo Accounting Review, 2(2), 249–263. https://doi.org/10.25139/sacr.v2i2.7905

Nopianti, R., & Suparno. (2021). Struktur Modal Dan Profitabilitas Terhadap Nilai Perusahaan. Jurnal Akuntansi, 8(1), 51–61.

Nugraha, N. M., Susanti, N., & Setiawan, M. R. (2021). Pengaruh Struktur Modal, Perputaran Modal Kerja, dan Ukuran Perusahaan Terhadap Nilai Perusahaan. Owner, 208–218. https://doi.org/10.33395/owner.v5i1.383

Nurapiah, & Qosim, N. (2020). Pengaruh Struktur Modal, Net Profit Margin, Return On Asset, Dan Return On Equity, Terhadap Nilai Perusahaan Pada Sektor Industri Dan Makanan Dan Minuman Di Bursa Efek Indonesia. Jurnal Ekonomi, 08(01), 35–40.

Pratiwi, H. R., & Aligarh, F. (2021). Pengaruh Koneksi Politik, Kepemilikan Keluarga, Ukuran Perusahaan, dan Profitabilitas terhadap Nilai Perusahaan. JAPP: Jurnal Akuntansi, Perpajakan, Dan Portofolio, 01(01), 12–22. http://studentjournal.umpo.ac.id/index.php/JAPP%0Ahttps://journal.umpo.ac.id/index.php/JAPP/article/view/PAR

Puspita, G., & Wahyudi, T. (2021). Modal Intelektual (Intellectual Capital) dan Nilai Perusahaan Pada Industri Manufaktur. Owner, 5(2), 295–306. https://doi.org/10.33395/owner.v5i2.471

Ramadhan, G., & Indrabudiman, A. (2023). Pengaruh Koneksi Politik Dan Kepemilikan Asing Terhadap Nilai Perusahaan: Kajian Literatur. 3(1), 1–10.

Santoso, B. A., & Junaeni, I. (2022). Pengaruh Profitabilitas, Leverage, Ukuran Perusahaan, Likuiditas, dan Pertumbuhan Perusahaan Terhadap Nilai Perusahaan. Owner, 6(2), 1823–1838. https://doi.org/10.33395/owner.v8i2.1997

Saputri, C. K., & Giovanni, A. (2021). Pengaruh Profitabilitas, Leverage, Pertumbuhan Perusahaan, Dan Likuiditas Terhadap Nilai Perusahaan. Journal of Management Studies, 15(1). https://doi.org/10.24912/jpa.v4i4.21390

Sari, D. P., Depamela, F. L., Wibowo, L. E., & Febriani, N. (2022). Implementasi Teori Agensi, Efisien Pasar, Teori Sinyal Dan Teori Kontrak Dalam Pelaporan Akuntansi Pada PT. Eskimo Wieraperdana. In ResearchGate.

Seftiana, D. A., Evana, E., & Amelia, Y. (2022). Pengaruh Return On Equity, Earning Per Share, Koneksi Politik Dan Struktur Kepemilikan Terhadap Nilai Perusahaan. Jurnal Manajemen Mandiri Saburai (JMMS), 6(2), 75–90. https://doi.org/10.24967/jmms.v6i2.1576

Suastra, N. L. A. G. T. D., Widnyana, I. W., & Tahu, G. P. (2023). Pengaruh Struktur Modal, Pertumbuhan Perusahaan, dan Profitabilitas terhadap Nilai Perusahaan pada Perusahaan Sektor Property dan Real Estate yang Terdaftar di Bursa Efek Indonesia. Jurnal EMAS, 4(10), 2344–2361.

Sugiyono. (2019). Metode Penelitian Kuantitatif Kualitatif Dan R&D. Bandung : Alfabet.

Widyantari, N. L. P., & Yadnya, I. P. (2017). Pengaruh Struktur Modal, Profitabilitas Dan Ukuran Perusahaan Terhadap Nilai Perusahaan Pada Perusahaan Food And Baverage Di Bursa Efek Indonesia. E-Jurnal Manajemen Unud, 6(12), 6383–6409.

Wijaya, I. G. N. S. (2019). Pengaruh Ukuran Perusahaan Terhadap Nilai Perusahaan Dengan Struktur Modal Sebagai Variabel Intervening. Jurnal Ilmu Manajemen Dan Akuntansi, 7(2), 123–129.

Downloads

Published

2025-03-30

How to Cite

Dwi Anita, A., Saraswati, W., & Yuni Kartika, I. (2025). PENGARUH STRUKTUR MODAL, KONEKSI POLITIK, DAN UKURAN PERUSAHAAN TERHADAP NILAI PERUSAHAAN PADA PERUSAHAAN NON-KEUANGAN YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2023. Jurnal GeoEkonomi, 16(1), 107–117. https://doi.org/10.36277/geoekonomi.v16i1.573

Issue

Vol. 16 No. 1 (2025)

Section

Articles

License

Copyright (c) 2025 Amelia Dwi Anita, Wiwik Saraswati, Ita Yuni Kartika

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

You are free to:
Share - copy and redistribute the materials in any medium or format for any purpose, even for commercial purposes.
Adapt - compose, change and develop the material for any purpose, even for commercial purposes.
The licensor cannot revoke these freedoms as long as you follow the license terms.
With the following conditions:
Attribution - you must give appropriate credit, provide a link to the license, and indicate if changes have been made. You may do so in a reasonable manner, but not in any way that suggests that the licensor endorses you or your use.
No additional restrictions - You may not implement legal provisions or technological measures that legally restrict others from doing anything permitted by the license.
Notice:
You do not have to comply with the license for elements of the material that are in the public domain or where your use is permitted by an applicable exclusion or restriction.
No warranties are given. This license may not grant all the permissions necessary for your intended use. For example, other rights such as publicity, privacy, or moral rights may limit how you use the material.

Most read articles by the same author(s)