International Journal of Economic Integration and Regional Competitiveness
Vol. 2 No. 9 (2025): International Journal of Economic Integration and Regional Competitiveness

THE EFFECT OF INVESTMENT DECISIONS, CAPITAL INTENSITY, POLLITICAL CONNECTION AND CAPITAL STRUCTURE ON FIRM VALUE IN PUBLIC STATE-OWNED COMPANIES LISTED ON THE INDONESIA STOCK EXCHANGE IN 2019-2022

Sri Handayani (Muhammadiyah University of Sidoarjo, Indonesia)
Nihlatul Qudus Sukma Nirwana (Muhammadiyah University of Sidoarjo, Indonesia)



Article Info

Publish Date
30 Sep 2025

Abstract

Objective: This study aims to determine the Influence of Investment Decisions, Capital Intensity, Political Connection and Capital Structure on Company Value in State-Owned Enterprises Listed on the Indonesia Stock Exchange in 2019-2022. Method: This research is a type of quantitative research, the sampling method used is the purposive sampling method, the number of companies sampled in this study is 23 State-Owned Enterprises Listed on the Indonesia Stock Exchange in 2019-2022, the data source used is secondary data, and the data analysis method used in this study is Multiple Linear Regression with SPSS version 27 data processing tools. Results: The results of this study indicate that Investment Decisions Affect Company Value, Capital Intensity Affects Firm Value, Political Connection Affects Firm Value, and Capital Structure Affects Firm Value. Novelty: This study provides empirical evidence regarding the simultaneous influence of Investment Decisions, Capital Intensity, Political Connection and Capital Structure on Company Value in State-Owned Enterprises, specifically within the 2019-2022 period.

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Journal Info

Abbrev

IJEIRC

Publisher

Subject

Description

International Journal of Economic Integration and Regional Competitiveness - researches the broad scope of competitiveness policies and practices across destinations and all regions of the world. With emphasis on mechanisms of economic integration, financial development, creation of prosperity and ...