Prosiding Penelitian FISIP Unia
2012

PENGUJIAN TEORI STRUKTUR MODAL PADA PERUSAHAAN-PERUSAHAAN 50 BIGGEST MARKET CAPITALIZATION DI BURSA EFEK INDONESIA

Wardianto, Kussuyatmono Bagus ( Dosen Jurusan Ilmu Administrasi Bisnis FISIP - Universitas Lampung)



Article Info

Publish Date
04 Jul 2013

Abstract

In this research, we test two models with the purpose of finding the best empirical explanation for the capital structure at  Companys  of 50 Biggest Market Capitalization. The models tested were developed to represent the Pecking Order Theory and the Trade-off Theory. The sample consists of firms listed in  the Indonesia Stock Exchange  from 2006 through 2008. By using OLS methods, we aimed at establishing which of the two theories has the best explanatory power for Companys of 50 Biggest Market Capitalization. The analysis of the outcomes led to the conclusion that the pecking order theory provides the best explanation for the capital structure of those firms.  Keywords: Capital Structure, Pecking Order Theory and Trade-off Theory

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