Pengaruh defisit dan surplus finansial terhadap penyesuaian struktur modal pada perusahaan non-keuangan dan non-utilitas di BEI periode 2001-2011

Deskripsi

This study aims to examine the impact of the firm?s financial deficit and surplus to capital structure adjustment. Financial deficit (surplus) is a condition of the cash inflow (outflow) that exceeds their cash outflow (inflow) and capital structure adjustment is an adjustment to the optimal leverage. Financial deficit and surplus is suspected to have an impact on the speed of capital structure adjustment. This study uses the generalized least square method. Results from this study is the adjustment of capital structure is asymmetrical due to adjustment costs and deficit and surplus financial affected the speed of capital structure adjustment.Ada tabel