文章基本信息

标题：Political Supports and Financial Distress of Companies in Indonesia
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作者：Muhammad Istan
期刊名称：Economics Development Analysis Journal
印刷版ISSN：2252-6560
出版年度：2021
卷号：10
期号：2
页码：132-142
DOI：10.15294/edaj.v10i2.42831
语种：English
出版社：Universitas Negeri Semarang
摘要：The current study was underlain by the background that many entrepreneurs came into politics and many politicians established companies after having political positions. This study aimed at examining the theory that companiesâ€™ finance is influenced by political supports. The problem proposed was how political supports affected the companiesâ€™ financial distress in Indonesia. The data of the current study referred to the ratios of finance reported by each company listed in the period of 2010-2019. The samples were purposively solicited by incorporating 63 companies indicated to have political supports for ten years. For testing hypotheses, the analysis technique used simple regression. The results revealed that political supports (PS1, PS2, and PS3) did not significantly affect financial distress (FD). Subsequently, political supports (PS1, PS2, and PS3) also did not significantly affect companiesâ€™ performance. The foregoing was caused that the board of directors carried out the companiesâ€™ operations independently without political pressure.