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Exploring How Managerial Ownership, Leverage, and Liquidity Impact Financial Performance of Sleeping Stocks in IDX

In: Proceedings of the 9th International Conference on Accounting, Management, and Economics 2024 (ICAME 2024)

Author

Listed:
  • Aloysius Danduru Pabendon

    (Hasanuddin University, Master of Management Program Student, Postgraduate Faculty of Economics and Business)

  • Tharsisius Pabendon

    (University of Muslim Indonesia, Doctor of Management Program Student, Postgraduate Faculty of Economics and Business)

  • Ignasius Narew

    (Jambatan Bulan College of Economics, Department of Accounting)

Abstract

This study aims to determine the effect of managerial ownership, leverage with the debt to asset ratio (DAR) indicator, and liquidity with the current asset ratio (CR) indicator on financial performance as measured by using return on assets (ROA) in companies whose shares are classified as sleeping stocks on the Indonesia Stock Exchange. The sample used was 15 companies out of 59 companies whose shares are classified as sleeping stocks that went public on the Indonesia Stock Exchange in the 2022 period. Sampling was determined using a purposive sampling technique. Data collection used in this study used documentation techniques with secondary data sources with sources from second parties in this case the Indonesian Stock Exchange as the data source. The data in this study are quantitative data where the data is in the form of numbers or qualitative data that is numbered/scoring. This study is an associative study with a statistical analysis unit using multiple linear regression analysis and processed using SPSS. The results of this study, managerial ownership and leverage has a positive and significant effect on the financial performance of sleeping stock companies listed on the Indonesia Stock Exchange. While liquidity has a negative and insignificant effect on the financial performance of sleeping stock companies listed on the Indonesia Stock Exchange.

Suggested Citation

  • Aloysius Danduru Pabendon & Tharsisius Pabendon & Ignasius Narew, 2025. "Exploring How Managerial Ownership, Leverage, and Liquidity Impact Financial Performance of Sleeping Stocks in IDX," Advances in Economics, Business and Management Research, in: Mursalim Nohong & Fitra Roman Cahaya & Phung Minh Tuan & Arifuddin Mannan & Anas Iswanto Anwar & Ria (ed.), Proceedings of the 9th International Conference on Accounting, Management, and Economics 2024 (ICAME 2024), pages 1743-1756, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-758-8_138
    DOI: 10.2991/978-94-6463-758-8_138
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