Image of Pengaruh kepemilikan institusional terhadap kebijakan hutang pada perusahaan manufaktur yang terdaftar di BEI : ditinjau dari perspektif biaya keagenan

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Pengaruh kepemilikan institusional terhadap kebijakan hutang pada perusahaan manufaktur yang terdaftar di BEI : ditinjau dari perspektif biaya keagenan

This research is performed in order to test the impact of institusional ownership to debt policy simultaneously related to the manajerial ownership on manufacturing companies listed in Bursa Efek Indonesia for an observation period from 2005 to 2007 based on an agency perspective. In the research model, the writer used debt variable with its control variables and manajerial ownership variable with its control variables. The results of data analysis in this research is that insitusional ownership has negative impact to managerial ownership. The result of this particular research has proved that we need to increase institusional ownership in order to mitigate agency cost, and such increasing also allow the company to use lower debt. The other side, the incerasing in managerial ownership helps aligning manager interest with those of external stockholder (principal) and reducing the role of debt in mitigating agency conflict.Ada tabel

Ketersediaan

Call NumberLocationAvailable
7251PSB lt.2 - Karya Akhir1
Penerbit Depok Program Studi Manajemen Fakultas Ekonomi Universitas Indonesia.,
Edisi -
Subjek Financial management
Manufacturing industry
Debt management
Institutional ownership
Debt policy
ISBN/ISSN -
Klasifikasi -
Deskripsi Fisik xiv, 67 p., 16 p. ; 30 cm & lamp
Info Detail Spesifik -
Other Version/Related Tidak tersedia versi lain
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