Pengaruh sustainability reporting koneksi politik dan leverage terhadap sinkronitas harga saham dengan kepemilikan institutional sebagai pemoderasi
P Penelitian ini bertujuan untuk menganalisa peran sustainability reporting, koneksipolitik, dan leverage dalam mempengaruhi sinkronisitas harga saham dengandimoderasi oleh kepemilikan institusional. Populasi dalam penelitian ini adalahperusahaan yang tergabung dalam indeks LQ45 di Bursa Efek Indonesia tahun 2019-2022 dengan total sampel sebanyak 119 data. Penelitian menggunakan metodekuantitatif dengan teknik pengumpulan data menggunakan metode purposivesampling dengan pengujian hipotesis menggunakan model analisis regresi linearberganda berupa moderated regression analysis (MRA) untuk menguji variabelmoderator. Hasil dari penelitian menunjukan bahwa leverage berpengaruh terhadapsinkronisitas harga saham, sedangkan sustainability reporting dan koneksi politiktidak berpengaruh terhadap sinkronisitas harga saham. Kepemilikan institusionalsebagai variabel pemoderasi mampu memperkuat pengaruh negatif leverage terhadapsinkronisitas harga saham, namun kepemilikan institusional tidak mampumempengaruhi hubungan antara sustainability reporting dan koneksi politik terhadapsinkronisitas harga saham.
T This research study is aimed to evaluate how institutional ownership affects the degreeof correlation among stock prices, as well as the influence of sustainability reporting,political connections, and leverage. The study was conducted using a quantitativemethods with sample data takes from companies that were on the LQ45 index at theend of the year, or December 31, for the years 2019–2022 using purposive samplingmethod. Hypothesis testing uses a multiple linear regression analysis model in the formof a moderated regression analysis (MRA) to test moderator variables. The findingsindicated that leverage has negative effect on stock price synchronicity, while neithersustainability reporting nor political connections influenced stock price synchronicity.Institutional ownership as a moderating variable is able to strengthen the negativeinfluence of leverage on stock price synchronicity, On the other hand, the presence ofinstitutional ownership does not have an ability to impact the correlation betweensustainability reporting and political relationships on stock price synchronicity.