Antecedents of Company Leverage in the Indonesian and Thailand Stock Exchange

Wijaya, Liliana Inggrit and Zunairoh, Zunairoh and Silalahi, Marwin Antonius Rejeki and Wardojo, Felisa Julia and Sutejo, Bertha Silvia (2022) Antecedents of Company Leverage in the Indonesian and Thailand Stock Exchange. In: Seminar Nasional & Call Papers Forum Manajemen Indonesia 2022, 25-27 october 2022, Bali.

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Abstract

This research aims to analyze the effect of profitability, liquidity, tangibility, growth, age, and size on leverage of the company. Debt to asset ratio (DAR) was used as dependent variable in this study. This research uses quantitative approach and multiple panel data regression method. The object used in this research was 771 observation data on Indonesian Stock Exchange and 951 observation data on Stock Exchange of Thailand. This research shows that profitability has significant negative effect on DAR in Indonesia and Thailand. Liquidity has a negative significant effect on DAR in Indonesia and Thailand. Tangibility has a negative insignificant effect on DAR in Indonesia but has a positive significant effect on DAR in Thailand. Growth has a positive significant effect on DAR in Indonesia and Thailand. Age has a negative significant effect on DAR in Indonesia and Thailand. Size has a positive significant effect on DAR in Indonesia and Thailand.

Item Type:	Conference or Workshop Item (Paper)
Uncontrolled Keywords:	Profitability; Liquidity; Tangibility; Debt to asset ratio
Subjects:	H Social Sciences > HG Finance
Divisions:	Faculty of Business and Economic > Department of Management
Depositing User:	MARWIN ANTONIUS REJEKI
Date Deposited:	23 Jan 2023 03:06
Last Modified:	23 Jan 2023 03:12
URI:	http://repository.ubaya.ac.id/id/eprint/43156

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