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Pengujian teori pecking order pada perusahaan-perusahaan nonkeuangan yang tercatat di Bursa Efek Indonesia (BEI) periode 2005-2009
Capital structure is an important issue in firms? financial management. By a well-managed capital structure, firms can minimize their cost of capital and therefore maximize their market value. One of capital structure theories that has been widely discussed is pecking order theory by Myers and Majluf (1984). This theory states that due to asymmetric information problem, firms would like to fund their investment by internal financing. When deficit occurs, firms will issue debt, and as their debt capacity becomes exhausted, firms will issue equity. By using panel data method, this research is conducted to proof pecking order theory on 101 nonfinancial firms listed in BEI period 2005-2009. It found that pecking order theory cannot explain capital structure of the firms in sample. Besides, it can be concluded that the larger size of the firms, the higher debt they issue. Ada tabel
Ketersediaan
| Call Number | Location | Available |
|---|---|---|
| 7261 | PSB lt.2 - Karya Akhir | 1 |
| Penerbit | Depok Program Studi Manajemen Fakultas Ekonomi Universitas Indonesia., 2011 |
|---|---|
| Edisi | - |
| Subjek | Deficit Capital structure of companies Pecking oeder |
| ISBN/ISSN | - |
| Klasifikasi | - |
| Deskripsi Fisik | xv, 148 p. : diagr. ; 30 cm |
| Info Detail Spesifik | - |
| Other Version/Related | Tidak tersedia versi lain |
| Lampiran Berkas | Tidak Ada Data |