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

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

Authors
Mahatma Kufepaksi1, *, Hidayat Wiweko1, Ririn Nafisa Ulfa1
1Management Lampung University, Bandar Lampung, Lampung, Indonesia
*Corresponding author. Email: mahapaksi@gmail.com
Corresponding Author
Mahatma Kufepaksi
Available Online 2 May 2023.
DOI
10.2991/978-2-38476-046-6_29How to use a DOI?
Keywords
Company Performance; Political Connections; Cash holdings; Public Ownership
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.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 3rd Universitas Lampung International Conference on Social Sciences (ULICoSS 2022)
Series
Advances in Social Science, Education and Humanities Research
Publication Date
2 May 2023
ISBN
978-2-38476-046-6
ISSN
2352-5398
DOI
10.2991/978-2-38476-046-6_29How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Mahatma Kufepaksi
AU  - Hidayat Wiweko
AU  - Ririn Nafisa Ulfa
PY  - 2023
DA  - 2023/05/02
TI  - The Role of Political Connections, Cash Holdings, and Public Ownership in Improving Lq45 Company Performance on the Indonesia Stock Exchange
BT  - Proceedings of the 3rd Universitas Lampung International Conference on Social Sciences (ULICoSS 2022)
PB  - Atlantis Press
SP  - 295
EP  - 305
SN  - 2352-5398
UR  - https://doi.org/10.2991/978-2-38476-046-6_29
DO  - 10.2991/978-2-38476-046-6_29
ID  - Kufepaksi2023
ER  -