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

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

Authors
Aloysius Danduru Pabendon1, *, Tharsisius Pabendon2, Ignasius Narew3
1Master of Management Program Student, Postgraduate Faculty of Economics and Business, Hasanuddin University, Makassar, Indonesia
2Doctor of Management Program Student, Postgraduate Faculty of Economics and Business, University of Muslim Indonesia, Makassar, Indonesia
3Department of Accounting, Jambatan Bulan College of Economics, Timika, Indonesia
*Corresponding author. Email: pabendonad23a@student.unhas.ac.id
Corresponding Author
Aloysius Danduru Pabendon
Available Online 30 July 2025.
DOI
10.2991/978-94-6463-758-8_138How to use a DOI?
Keywords
Managerial Ownership; Leverage; Liquidity; Financial Performance; Sleeping Stock
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.

Copyright
© 2025 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 9th International Conference on Accounting, Management, and Economics 2024 (ICAME 2024)
Series
Advances in Economics, Business and Management Research
Publication Date
30 July 2025
ISBN
978-94-6463-758-8
ISSN
2352-5428
DOI
10.2991/978-94-6463-758-8_138How to use a DOI?
Copyright
© 2025 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  - Aloysius Danduru Pabendon
AU  - Tharsisius Pabendon
AU  - Ignasius Narew
PY  - 2025
DA  - 2025/07/30
TI  - Exploring How Managerial Ownership, Leverage, and Liquidity Impact Financial Performance of Sleeping Stocks in IDX
BT  - Proceedings of the 9th International Conference on Accounting, Management, and Economics 2024 (ICAME 2024)
PB  - Atlantis Press
SP  - 1743
EP  - 1756
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-758-8_138
DO  - 10.2991/978-94-6463-758-8_138
ID  - Pabendon2025
ER  -