IV. Result and Analysis Politically Connected Firms Based on in-depth research, we managed to identify a list of stocks that have linked to political parties and leadership. Since in the election in 2014 there are two candidates we divided into Political Winning (Ir. Joko Widodo- M. Jusuf Kalla) and Political Lose (Prabowo Subianto - Hatta Rajasa). As a result, there are a total of 54 firms were identified over a test period of the presidential election in 2014 as politically connected. Politically Connected Winning Firms Based on our data, Joko Widodo and Jusuf Kalla as Koalisi Indonesia Hebat (KIH) are supported by four business conglomerate which are Edward Soeryadjaja (Astra Group), Robert Budi Hartono (Djarum Group) James Riady (Lippo…
Susilo Bambang Yudhoyono or more known as "SBY" is the sixth president of Indonesia. With his partner H.Muhammad Jusuf Kalla as Vice President, SBY was elected from October 20, 2004. With United Indonesian Cabinet, they run the governance at that time. And for the cabinet was formed on October 21, 2004 and ended in 2009. Then, on the second Presidential election, SBY was re-elected again to serve as President on October 20, 2009 with Prof. Dr. H. Boediono, M.Ec as the Vice President. During this…