Pengaruh Tangibility, Growth Opportunity, Size, Profitability, dan Risk Terhadap Struktur Modal: dalam Perspektif Pecking Order Theory pada Perusahaan Automotive and Allied Products di BEI
DOI:
https://doi.org/10.26740/bisma.v5n1.p44-50Keywords:
Tangibility, Growth Opportunity, Size, Profitability, RiskAbstract
This research aims to test influence of tangibility, growth opportuity, size, profitability, and risk on the capital structure. This research is conducted on Automotive and Allied Products companies at BEI period 2004-2009, that still listed in the Indonesian Capital Market. The result of the test concluded that tangibility and size has a positive influence to the capital structure, but profitability dan risk has a negative influence to the capital structure, and growth opportunity has a negative influence to the capital structure but not significant.References
Brigham, Eugene F. dan Houston, Joel F. 2009, Fundamentals of Financial Management, 12th Edition, South Western, Cengage Learning, USA.
Frank, Murrray and Goyal, Vidhan. 2003. Testing The Pecking Order Theory of Capital Structure. Journal of Financial Economics, 67, pp. 217-248.
Ghazali, Imam. 2005. Aplikasi Analisis Multivariate dengan SPSS. Edisi Ketiga. Semarang, Badan Penerbit Undip.
Gitman, Lawrence J. 2002. Principles of Managerial Finance. Tenth Edition. Pearson Education.
Huang, Guihai and Song, Frank M. 2006. The Determinant of Capital Structure: Evidence From China. China Economic Review, 17, pp. 14-36.
Maholtra, Naresh K. 2005. Riset Pemasaran œPendekatan Terapan. Edisi Keempat Jilid 1. Jakarta: PT. Indeks
Mehmet and Eda. 2008. Testing of Pecking Order Theory in ISE (Istanbul Stock Exchange Market). International Research Journal of Finance and Economics, Issue 21, pp. 19-26. Journal of Finance
Myers, S. C. 1984. The Capital Structure Puzzle. Journal of Finance, 39, pp. 575-592.
Shyam Sunder, Lakshmi and Myers, S. C. 1994. Testing Static Trade-Off Againts Pecking Order Models of Capital Structure. Working Paper Series.
Singh, Priyanka and Kumar, Brajesh. 2006. Trade-Off Theory or Pecking Order Theory: What Explains The Behavior of The Indian Firms. Working Paper Series.
Zou, Hong and Jason Zezhong Xiao. 2006. The Financing Behaviour Of Listed Chinese Firms. The British Accounting Review, 38, pp.239-258.
Frank, Murrray and Goyal, Vidhan. 2003. Testing The Pecking Order Theory of Capital Structure. Journal of Financial Economics, 67, pp. 217-248.
Ghazali, Imam. 2005. Aplikasi Analisis Multivariate dengan SPSS. Edisi Ketiga. Semarang, Badan Penerbit Undip.
Gitman, Lawrence J. 2002. Principles of Managerial Finance. Tenth Edition. Pearson Education.
Huang, Guihai and Song, Frank M. 2006. The Determinant of Capital Structure: Evidence From China. China Economic Review, 17, pp. 14-36.
Maholtra, Naresh K. 2005. Riset Pemasaran œPendekatan Terapan. Edisi Keempat Jilid 1. Jakarta: PT. Indeks
Mehmet and Eda. 2008. Testing of Pecking Order Theory in ISE (Istanbul Stock Exchange Market). International Research Journal of Finance and Economics, Issue 21, pp. 19-26. Journal of Finance
Myers, S. C. 1984. The Capital Structure Puzzle. Journal of Finance, 39, pp. 575-592.
Shyam Sunder, Lakshmi and Myers, S. C. 1994. Testing Static Trade-Off Againts Pecking Order Models of Capital Structure. Working Paper Series.
Singh, Priyanka and Kumar, Brajesh. 2006. Trade-Off Theory or Pecking Order Theory: What Explains The Behavior of The Indian Firms. Working Paper Series.
Zou, Hong and Jason Zezhong Xiao. 2006. The Financing Behaviour Of Listed Chinese Firms. The British Accounting Review, 38, pp.239-258.
Published
2018-06-04
How to Cite
Nuarsari, D. W. (2018). Pengaruh Tangibility, Growth Opportunity, Size, Profitability, dan Risk Terhadap Struktur Modal: dalam Perspektif Pecking Order Theory pada Perusahaan Automotive and Allied Products di BEI. BISMA (Bisnis Dan Manajemen), 5(1), 44–50. https://doi.org/10.26740/bisma.v5n1.p44-50
Issue
Section
Articles
License
Copyright Notice.
The copyright of the received article once accepted for publication shall be assigned to the journal as the publisher of the journal. The intended copyright includes the right to publish the article in various forms (including reprints). The journal maintains the publishing rights to the published articles.
Abstract views: 454
