Jurnal Reviu Akuntansi dan Keuangan
Vol. 14 No. 2 (2024): Jurnal Reviu Akuntansi dan Keuangan

Peran Moderasi Koneksi Politik Pada Pengaruh Karakteristik CEO Terhadap Kinerja Keuangan Perusahaan

Fahrizal Irfan Alfianto (Magister Akuntansi, Program Pascasarjana, Universitas Brawijaya, Malang, Indonesia)
Gugus Irianto (Magister Akuntansi, Program Pascasarjana, Universitas Brawijaya, Malang, Indonesia)
Yeney Widya Prihatiningtias (Magister Akuntansi, Program Pascasarjana, Universitas Brawijaya, Malang, Indonesia)



Article Info

Publish Date
15 Jun 2024

Abstract

Purpose: This study aims to provide empirical evidence of the impact of CEO characteristics (busyness, economic education, ownership) on corporate financial performance with CEO political connections as a moderating variable. Methodology/approach: This research is a quantitative study utilizing secondary data. The sample was taken using purposive sampling method, thereby obtaining data from 352 non-financial companies listed on the IDX during the 2016-2022 time period. The total observations made were 2306. The data was analyzed using multiple regression analysis support by the Stata 14 application. Findings: The regression analysis results indicating CEO economic education has a positive effect on return on asset (ROA). Meanwhile, CEO political connections moderate the positive effect of CEO ownership on corporate financial performance (ROA) and moderate the negative effect of CEO economic education on corporate financial performance (ROA). Practical implications: Companies should consider the characteristics of CEOs in accordance with the company in order to enhance financial performance. In addition, potential CEOs should improve their characteristics to have a positive impact on the corporate financial performance. Originality/value: This research develops a model related to CEO political connections in moderating the influence of CEO characteristics (busyness, economic education, ownership) on company financial performance. Keywords:  CEO Busyness; CEO Education; CEO Ownership; CEO Political Connections; Corporate Financial Performance; Return on Asset (ROA).

Copyrights © 2024






Journal Info

Abbrev

jrak

Publisher

Subject

Economics, Econometrics & Finance

Description

Jurnal Reviu Akuntansi dan Keuangan Investasi (JRAK) focuses on the research related on accounting and finance that are relevant for the development of the theory and practice of accounting in Indonesia and southeast asia. JRAK covered various of research approach, namely: quantitative, qualitative ...