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Pengujian packing order hypothesis terhadap struktur pemodalan perusahaan-perusahaan manufaktur dan pertambangan di bursa efek Indonesia periode 2003 - 2007
Capital structure of the firm is a complex thing and there have been so many economic theories which try to explain about it. One of the most attractive and debatable theory is Pecking Order Hypothesis. According to this theory, companies will make their financing decisions based on a hierarchy, start from internal financing, then continue with external financing which are safe debt, risky debt, convertible securities, preferred stock, and common stock as ?the last resort.? This thesis tests whether financing pattern of manufacturing and mining companies listed in Indonesia Stock Exchange are consistent with Pecking Order Hypothesis or not. Model employed here is developed by Sen & Oruc (2008), which showed that there are five variables influence corporate leverage. The result of this thesis is that manufacturing and mining companies in Indonesia follow Pecking Order Hypothesis, wherein they prefer internal to external financing, and prefer debt to equity.Ada tabel
Ketersediaan
| Call Number | Location | Available |
|---|---|---|
| 6810 | PSB lt.2 - Karya Akhir | 1 |
| Penerbit | Depok: Program Manajemen Fakultas Ekonomi Universitas Indonesia 2010 |
|---|---|
| Edisi | - |
| Subjek | Corporate finance Capital structure of companies Pecking order hypothesis Manufacturing industry leverage |
| ISBN/ISSN | - |
| Klasifikasi | - |
| Deskripsi Fisik | ix, 68 p. : il ; 30 cm & lamp |
| Info Detail Spesifik | - |
| Other Version/Related | Tidak tersedia versi lain |
| Lampiran Berkas | Tidak Ada Data |