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Analisis hubungan antara pendanaan internal dengan pendanaan eksternal pada perusahaan yang memiliki financial constrained dan financial unconstrained di Indonesia : studi empiris pada perusahaan non keuangan dan non utilitas yang listed di Bursa Efek Indonesia periode 2007-2011

Recent studies find that the negative relation between internal and external financing is concentrated among unconstrained firms. This study shows a different result. This study use ordinary least square (OLS) method with panel data and find that a negative relation between internal and external financing is concentrated not only among unconstrained firms but also among constrained firms. This negative relation is interpreted as evidence supporting pecking order theory (POT) on non financial and non utilities firms in Indonesia. This negative relation also indicates asymmetric information and high external financing cost in Indonesia. Firm?s size (total asset) and age (year of IPO) are used as constraint criteria to identify financial constraint faced by firms. The result shows that firm?s size is stronger and more consistent as constraint criteria compared to firm?s age.Ada tabel

Ketersediaan

Call NumberLocationAvailable
8402PSB lt.2 - Karya Akhir1
Penerbit Depok Program Studi Manajemen, Fakultas Ekonomi Universitas Indonesia.,
Edisi -
Subjek Corporate finance
Financing
Non financial firm
Pecking order theory
Internal Financing
ISBN/ISSN -
Klasifikasi -
Deskripsi Fisik xvii, 127 p. : diagr. ; 30 cm.
Info Detail Spesifik -
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