Analisis pengaruh financial integration terhadap market - value leverage serta dampak interaktif terhadap pertumbuhan perusahaan di emerging market : (

Deskripsi

This research investigates the impact of financial integration toward marketvalue leverage in emerging market, controlled by firm size, asset tangibility, growth opportunities, and profitability. This research use ordinary least square (OLS) method and find that in 200 non financial and non utilities firms in Indonesia, Malaysia, Philippines, and Thailand in 2005-2010, equity market integration more affects firm?s market-value leverage than credit market integration. Size, asset tangibility, growth opportunities, and profitability affect market-value leverage significantly. As integration proceeds to higher level, high-growth firms use equity financing than lowgrowth firms.Ada tabel