FAKTOR-FAKTOR YANG MEMPENGARUHI EFISIENSI INVESTASI (Studi Empiris Pada Perusahaan Manufaktur Yang Terdaftar Di Bursa Efek Indonesia Pada Tahun 2020-2022)

Abstract

This study aimed to empirically prove the factors affecting investment efficiency in manufacturing companies listed on the Indonesia Stock Exchange in 2020-2022. The data source used was secondary data from the company’s annual report. The research method used was quantitative. The population in this study were manufacturing companies listed on Indonesia Stock Exchange (IDX) in 2020-2022. The sampling technique used was purposive sampling so 74 companies were conducted for the years in 2020-2022, and the total data amounted to 222. The analysis method used was multiple linear regression with the SPSS version 25program. The result showed that financial statement quality, debt maturity, profitability, and political connections affect investment efficiency, while company size and audit quality did not effect investment efficiency.