ANALYSIS OF FACTORS AFFECTING THE CAPITAL STRUCTURE IN INDONESIA STOCK EXCHANGE

Kurniasari, Indira and Murhadi, Werner Ria and Utami, Mudji (2016) ANALYSIS OF FACTORS AFFECTING THE CAPITAL STRUCTURE IN INDONESIA STOCK EXCHANGE. Proceedings Insyma 13Th, 13. pp. 290-298. ISSN 978-602-73852-0-7

[img]
Preview
PDF
23 - Kurniasari p290-298.pdf

Download (402Kb) | Preview
Official URL: https://wernermurhadi.wordpress.com/mr-research-at...

Abstract

This study aimed to analyze the factors affecting the capital structure of the enterprise. Variables used profitability, size, tangibility, growth, earnings volatility, liquidity, and business risk. This study uses a quantitative approach to the analysis of multiple linear models. This study used a sample of manufacturing business entity registered in Indonesia Stock Exchange period 2009 - 2013. The samples used in this study were 328 observations. The results showed that the variables of profitability and earnings volatility significantly negative effect on the capital structure (debt). Variable size, tangibility, and positively affect growth significantly to capital structure (debt). However, the study also found that variable liquidity and business risk significantly negative effect on the capital structure (debt).

Item Type: Article
Uncontrolled Keywords: capital structure, pecking order theory, trade – off theory, agency theory
Subjects: H Social Sciences > HG Finance
Divisions: Faculty of Business and Economic > Department of Management
Depositing User: Werner R. Murhadi 31124
Date Deposited: 05 Apr 2016 01:37
Last Modified: 05 Apr 2016 01:37
URI: http://repository.ubaya.ac.id/id/eprint/27296

Actions (login required)

View Item View Item