Open AccessPENGARUH POLITICAL CONNECTION DAN FOREIGN OWNERSHIP TERHADAP NILAI PERUSAHAAN MELALUI CORPORATE SOCIAL RESPONSIBILITY
Author(s) -
Paulus Tangke
Publication year - 2020
Publication title -
jurnal akuntansi dan keuangan daerah
Language(s) - English
Resource type - Journals
eISSN - 2621-6787
pISSN - 1978-4848
DOI - 10.52062/jakd.v14i1.1442
Subject(s) - sobel test , stock exchange , corporate social responsibility , accounting , path analysis (statistics) , stakeholder theory , mediation , business , stakeholder , enterprise value , foreign ownership , politics , moderation , business administration , economics , foreign direct investment , public relations , political science , finance , management , social psychology , law , psychology , statistics , mathematics
This study aims to examine the effect of political connection and foreign ownership on firm value through corporate social responsibility by using secondary data in the form of financial statements of non-financial companies listed on the Indonesia Stock Exchange for the period 2006-2015. This study uses path analysis with a multiple regression statistical test with the help of SPSS Version 24 software. This study uses stakeholder theory as the main theory and legitimacy theory as a supporting theory. The results of this study indicate that Political Connection has a positive and significant effect on Corporate Social Responsibility but has no significant effect on Firm Value. While ForeignOwnership has a positive and significant effect on CSR and Corporate Value. The results of the sobel test from this study indicate that CSR is a type no mediation in relation to political connection with Corporate Value, also in the relationship of foreign ownership with Corporate Value, the CSR variable is type no mediation.