Factors that Affect the Debt Ratio of Internationalized Nonfinancial Firms

Handjaja, Yoseph Natan and Sutejo, Bertha Silvia and Marciano, Deddy (2020) Factors that Affect the Debt Ratio of Internationalized Nonfinancial Firms. In: 17th 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 Sutejo
Date Deposited: 10 May 2021 03:47
Last Modified: 10 May 2021 03:47
URI: http://repository.ubaya.ac.id/id/eprint/39512

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