Analisis pengaruh hubungan politik dan kepemilikan keluarga terhadap biaya utang dan biaya ekuitas: Studi empiris pad perusahaan manufaktur yang terdaftar di BEI

Deskripsi

This study aims to examine the effect of political connection and family ownership on cost of debt and cost of equity. The samples of this study are 66 manufacturing firms listed on Indonesia Stock Exchange for period 2008-2011 with total observations of 264. The result of this study shows that political connection has significant positive effect on cost of debt but no significant effect on cost of equity. Family-owned firm has no significant effect on both cost of debt and cost of equity. This study also found that political connection owned by a family owned firms could minimize its significant positive effect on cost of debt, but has no significant effect on cost of equity.Ada tabel