International Research Journal of Business Studies (E-Journal)
Vol 1, No 1 (2008): May 2008

Pengujian Teori Trade-Of Dan Pecking Order Dengan Satu Model Dinamis Pada Perusahaan Publik Di Indonesia

Adler Haymans Manurung, Darminto., (Unknown)

Article Info

Publish Date
31 May 2008

Abstract

This article explores determinant of capital structure in Indonesia.Empirical study using Regression in model is done by includingvariable suggested by Trade of Theory, Pecking Order Theory, andcombination of those theories. The result shows that determinantfactors in the Trade of Theory have more ability to explain the capitalstructure than deficit cash flow factor in pecking order theory. Othervariables that are also significant are firm size and collateral capacity.Its is possible that rejection of Pecking Order Theory is due to markettiming argument in long term financing.Keywords: leverage, pecking order theory, trade-off theory, capital structure, size and tangible fxed asset.

Copyrights © 2008




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Journal Info
International Research Journal of Business Studies (E-Journal)
Website

Abbrev

jurnalirjbs

Publisher

Prasetiya Mulya Publishing

Subject

Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Social Sciences

Description

International Research Journal of Business Studies (IRJBS), with registered number ISSN 2089-6271 (Print) and ISSN 2338-4565 (Online), is an open access and peer-reviewed scientific journal published by Prasetiya Mulya Publishing, Universitas Prasetiya Mulya. IRJBS published three times a year ...