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The Effect Of Original Local Government Revenue, General Allocation Funds, Specific Allocation Funds And Profit Sharing Funds On Economic Growth Mediated By Capital Expenditure In Districts/Cities In Central Java Noor Rosyadi; Sunardi Sunardi; Edi Subiyantoro
International Journal of Economics and Management Sciences Vol. 1 No. 3 (2024): August : International Journal of Economics and Management Sciences
Publisher : Asosiasi Riset Ekonomi dan Akuntansi Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61132/ijems.v1i3.77

Abstract

The purpose of this study is to examine the effect of original local government revenue, general allocation funds, specific allocation funds, and profit sharing funds on economic growth, both directly and through capital expenditure. The quantitative approach was carried out by census of 35 regencies/cities in Central Java, with a research period of 2018-2022, thus as many as 175 data. Direct influence testing uses multiple linear regression, while indirect influence is carried out with a sobel test that has first gone through various classical assumption tests. The results revealed that original local government revenue, and specific allocation funds have a positive and significant effect on capital expenditure, and only have a direct effect on economic growth. General allocation funds have no effect on capital expenditure, but have a direct impact on positive and significant direction on economic growth. Profit sharing funds actually have a negative and significant influence on capital expenditure, but do not affect economic growth. Similarly, capital expenditure also does not have an effect on regional economic growth, thus it is not able to become an intervening variable.
Pengaruh Good Corporate Governance, Firm Age, Firm Size, Debt Rasio Terhadap Nilai Perusahaan Dengan Manajemen Risiko Perusahaan Sebagai Variabel Intervening Shindyota Kristi Duana; Edi Subiyantoro; Nanik Sisharini
Jurnal Riset Multidisiplin Edukasi Vol. 2 No. 3 (2025): Jurnal Resit Multidisiplin Edukasi (Edisi Maret 2025)
Publisher : PT. Hasba Edukasi Mandiri

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.71282/jurmie.v2i3.177

Abstract

This study aims to analyze the influence of Good Corporate Governance (GCG), Firm Age, Firm Size, and Debt Ratio on firm value, with risk management as an intervening variable. The research population includes 95 companies in the food and beverage manufacturing sector listed on the Indonesia Stock Exchange (IDX) from 2021 to 2023. The analysis method used is path analysis with the Sobel test to examine mediation effects. The results indicate that GCG, Firm Age, and Firm Size have a significant positive effect on firm value, with coefficients of 1.720 (p=0.015), 0.060 (p=0.004), and 0.120 (p=0.003), respectively. Debt Ratio has a positive effect on firm value (B=0.025, p=0.007), contrary to the initial hypothesis. Risk management mediates the positive relationship between GCG (Sobel test=1.183, p=0.030), Firm Age (Sobel test=1.426, p=0.050), and Debt Ratio (Sobel test=1.178, p=0.000) on firm value, but does not mediate the relationship between Firm Size and firm value (Sobel test=0.325, p=0.683). The coefficient of determination (R²) of 7.9% indicates that the independent and intervening variables explain 7.9% of the variation in firm value.