PENGARUH CEO STEM TERHADAP FIRM INNOVATION: PERAN MODERASI LEVERAGE PADA PERUSAHAAN NON-KEUANGAN YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2020-2024
DOI:
https://doi.org/10.29407/jae.v11i2.29419Keywords:
CEO STEM, firm innovation, keahlian teknis, leverage, R&DAbstract
Penelitian ini bertujuan menguji pengaruh CEO berlatar belakang pendidikan STEM terhadap inovasi perusahaan, serta peran moderasi leverage pada perusahaan non-keuangan yang terdaftar di Bursa Efek Indonesia (BEI) periode 2020-2024. Sampel terdiri dari 40 perusahaan yang dipilih melalui pendekatan purposive sampling. Analisis data dilakukan menggunakan Moderated Regression Analysis (MRA) dengan perangkat lunak SPSS. Hasil menunjukkan bahwa CEO STEM tidak berpengaruh terhadap firm innovation, sedangkan leverage berpengaruh positif signifikan dan memoderasi secara positif hubungan CEO STEM dengan firm innovation. Temuan ini menegaskan bahwa keahlian teknis CEO tidak secara langsung mendorong intensitas inovasi, melainkan membutuhkan dukungan struktur modal memadai agar kapabilitas teknis CEO dapat terkonversi menjadi inovasi melalui proyek R&D perusahaan.References
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