Komparasi Karakteristik Keuangan Perusahaan Internasional Dan Perusahaan Domestik Pada Sektor Manufaktur Yang Tercatat Di Bursa Efek Indonesia Periode 2009-2014

Sentosa, Rendy and Marciano, Deddy and Ernawati, Endang (2017) Komparasi Karakteristik Keuangan Perusahaan Internasional Dan Perusahaan Domestik Pada Sektor Manufaktur Yang Tercatat Di Bursa Efek Indonesia Periode 2009-2014. Calyptra: Jurnal Ilmiah Mahasiswa Universitas Surabaya, 5 (2). pp. 524-544. ISSN 2715-6419

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Abstract

This research has two purposes. The first purposes is to examine the differences between multinational companies and domestic companies. The second purposes is to examine the impact of internationalization, profitability, agency cost of debt, firm’s size, business risk and foreign exchange risk to the company’s capital structure, which is measured by leverage. This research’s objects is manufacturing companies which is listed in Indonesia Stock Exchange in 2009-2014. Univariate test is used to examine the differences between multinational companies dan domestic companies. Univariate test shows that multinational companies have higher leverage, lower profitability, higher agency cost of debt, higher business risk and higher foreign exchange risk than domestic companies. Multiple linear regression is used to examine the impact of independent variables to dependent variable. The equation in this research use linear and quadratic equation. The result is internationalization, firm’s size and business risk has positive impact to leverage, while profitability, agency cost of debt and foreign exchange risk has negative impact to leverage. The result of quadratic model shows that internationalization has negative impact only in the first stage of internationalization, then on the next stage, internationalization has positive impact to leverage.

Item Type:	Article
Uncontrolled Keywords:	Capital Structure, Internationalization, Univariate Test, Multiple Linear Regression
Subjects:	H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Divisions:	Faculty of Business and Economic > Department of Management
Depositing User:	Ester Sri W. 196039
Date Deposited:	26 Sep 2024 02:33
Last Modified:	26 Sep 2024 02:33
URI:	http://repository.ubaya.ac.id/id/eprint/47155

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