Handjaja, Yoseph Natan and Sutejo, Bertha Silvia and Marciano, Deddy (2020) Factors that Affect the Debt Ratio of Internationalized Nonfinancial Firms. In: Proceedings of the 17 th International Symposium on Management (INSYMA 2020), February 19-21, 2020, Ba Ria Vung Tau University.
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Abstract
This study aims to examine the influence of firm-related factors on the debt ratio as well as the influence of firm-related factors on the non-financial firms listed on the Indonesia Stock Exchange (IDX) over the 2013-2017 period. These factors, including internationalization, firm size, profitability, and tangibility, were tested their relationship with a debt ratio of firms by using the Fixed Effects Model data. The results showed that profitability and tangibility are positively related to debt ratio, while internationalization and firm size are negatively related to debt ratio. The findings are related to the trade-off theory and pecking-order theory.
| Item Type: | Conference or Workshop Item (Paper) |
|---|---|
| Uncontrolled Keywords: | capital structure, internationalization, debt ratio |
| Subjects: | H Social Sciences > HG Finance |
| Divisions: | Faculty of Business and Economic > Department of Management |
| Depositing User: | Bertha Silvia Sutedja |
| Date Deposited: | 10 May 2021 03:47 |
| Last Modified: | 26 Sep 2024 07:00 |
| URI: | http://repository.ubaya.ac.id/id/eprint/39512 |
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