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Pengaruh kebijakan utang terhadap nilai perusahaan dengan tingkat kesehatan keuangan dan free cash flow sebagai variabel moderasi
The purpose of this study is to examine the effect of leverage policy on firm value and the level of financial health as well as free cash flow to the relationship between leverage and firm value of the non-financial companies in Indonesia Stock Exchange. The population is all non-financial companies listed on Indonesian Stock Exchange during 2009-2011. Samples of 795 observations are selected using purposive sampling method. Testing the hypothesis uses multiple regression models. The result shows that leverage has positive and significant effect on firm value. This suggests that leverage can increase firm value since there is funds availability for operational and tax benefit. Moreover, financial health can strengthen the positive effect of leverage on firm value. Company which has health financial conditions can minimize potential bankruptcy that is possible existing because of using leverage. While free cash flow don?t minimize agency problem that may exist in the relationship between debt and firm value.Ada tabel
Ketersediaan
| Call Number | Location | Available |
|---|---|---|
| 8309 | PSB lt.2 - Karya Akhir | 1 |
| Penerbit | Depok: Program Studi Akuntansi, Fakultas Ekonomi Universitas Indonesia 2013 |
|---|---|
| Edisi | - |
| Subjek | Corporate finance Firm value Free cash flow Leverage Financial health |
| ISBN/ISSN | - |
| Klasifikasi | - |
| Deskripsi Fisik | xiii, 98 p. ; 30 cm. |
| Info Detail Spesifik | - |
| Other Version/Related | Tidak tersedia versi lain |
| Lampiran Berkas | Tidak Ada Data |