CEO POWER AND STOCK PRICE: An Emperical Study of Indonesia Automotive and Components Listing Firms
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Date
2020
Journal Title
Journal ISSN
Volume Title
Publisher
International Journal of Psychosocial Rehabilitation, Vol.24, Issue 02
Abstract
Relationhip between CEO power and stock price is still an interesting issue in the literature of
corporate finance. The purpose of this study is to indentifies the effect of CEO power on the firms stock pricing. The
study also interested to show factors that investors rely on to take their investment decisions in the automotive and
components firms listed in the Indonesian capital market. This research using secondary data gathered from the
official website of Indonesia Capital Market. In the way to fulfill the research objective, this study using a panel
data analysis method in which the sample was taken from 12 firms by using a purposive sampling technique. The
research finding was denoted that CEO power has strong effect on the firms stock price. Our finding important for
the investor as information and consideration in making invstment decisions.
Description
Keywords
CEO Power, Stock Price, Automotive and Components Industry, Capital Market