DETERMINAN STRUKTUR MODAL: STUDI DI ASIA TENGGARA

Murhadi, Werner Ria (2011) DETERMINAN STRUKTUR MODAL: STUDI DI ASIA TENGGARA. Jurnal Manajemen dan Kewirausahaan, 13 (2). pp. 91-98. ISSN 1411-1438

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Abstract

This study aims to determine the factors that determine the structure of capital in existing firms in the mining sector in ASEAN countries. This study also examined whether there are differences in capital structure determination on these companies. The sample used in this study consisted of 70 companies that exist in the mining sector with sample criteria used is the company publishes a complete financial report and is available in the database Osiris. Dependent variable in this study is debt, while the independent variable is profitability, firm size, asset tangibility, firm growth and non-debt tax shield. This study uses pooled least square approach. The results showed that the factors determining the debt policy is the profitability, firm size, tangible assets and the growth rate, while non-debt tax shield has no significant effect. The study also found that there was no real difference in practice between the uses of debt in the six ASEAN countries.

Item Type: Article
Uncontrolled Keywords: debt policy , profitability , firm size, tangible assets , growth rate , non - debt tax shield
Subjects: H Social Sciences > HG Finance
Divisions: Faculty of Business and Economic > Department of Management
Depositing User: Werner R. Murhadi 31124
Date Deposited: 26 Sep 2014 06:06
Last Modified: 24 Jun 2015 05:05
URI: http://repository.ubaya.ac.id/id/eprint/20914

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