Work

The Role of Political Connections, Cash Holdings, and Public Ownership in Improving Lq45 Company Performance on the Indonesia Stock Exchange

Year: 2023

Type: conference-paper

Abstract: Successful companies would manage their performance very well.Previous research found that there are many factors affecting the company's performance such as dividend policy, financing policy, investment policy, size of the firm, intellectual capital and so on.This study aims to determine the effect of political connections, cash holdings, and public ownership on the performance of companies incorporated in the LQ45 index on the Indonesia Stock Exchange.The sample used is all companies that are members of the LQ45 index on the Indonesia Stock Exchange during 2018-2021.The results show that cash holdings and public ownership have a positive effect on company performance, while political connections do not affect the performance of companies incorporated in the LQ45 index.

Source: Advances in Social Science, Education and Humanities Research/Advances in social science, education and humanities research

Parent work: Proceedings of the 3rd Universitas Lampung International Conference on Social Sciences (ULICoSS 2022)

DOI: 10.2991/978-2-38476-046-6_29

Authors: Mahatma Kufepaksi, Hidayat Wiweko, Ririn Nafisa Ulfa

Institution: Lampung University

Language: English

Topic: Corporate Finance and Governance

Subfield: Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDG: Peace, justice, and strong institutions

Open Access status: diamond