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All Journal Jurnal Ilmiah Mahasiswa Manajemen Jurnal Akuntansi Kontemporer Media Mahardhika Jurnal Samudra Ekonomi dan Bisnis Jurnal Bisnis dan Akuntansi
Cyrillius Martono
Universitas Katolik Widya Mandala Surabaya
Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Social Sciences

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Journal : Jurnal Bisnis dan Akuntansi

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SPEED OF ADJUSTMENT PADA STRUKTUR MODAL: ANALISIS BERDASARKAN SIKLUS HIDUP PERUSAHAAN DI INDONESIA CICILIA SUSILAWATI; ROSALINA WIJAYANTI; CYRILLIUS MARTONO
Jurnal Bisnis dan Akuntansi Vol 22 No 1 (2020): Jurnal Bisnis dan Akuntansi
Publisher : Pusat Penelitian dan Pengabdian Masyarakat Sekolah Tinggi Ilmu Ekonomi Trisakti

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (576.835 KB) | DOI: 10.34208/jba.v22i1.652

Abstract

At each stage of the life cycle, companies use different considerations to determine capital structure decisions. This study analyzes differences in company speed of adjustment towards optimal capital structure, based on the company's life cycle in Indonesia. The sample used 74 manufacturing companies from 2013 to 2017. The result is that the maturity company has a greater speed of adjustment than the introduction stage company. While the speed of adjustment at the growth stage there is no difference with the speed of adjustment at the introduction stage. Other findings in this study, the distance between the optimal capital structure and the realized capital structure reduces the difference in speed of adjustment at the maturity and introduction stages. So the conclusion is the company's life cycle becomes a determinant of capital structure decisions
Co-Authors Bernadetta Diana Nugraheni Bernadetta Diana Nugraheni Cahyadi, Cahyadi Agung Caroline Illene Hari Darsono Gesti Memarista Herlina Yoka Roida Prabowo, F.X. Agus Joko Waluyo ROSALINA WIJAYANTI Sina, Siprianus Salvatore Susilawati Cicilia Laurentia Tania, Ivon Natasia