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Pengaruh perubahan tingkat utang terhadap tingkat pengembalian saham. investasi dan kinerja masa depan perusahaan yang tercatat di Bursa Efek Indonesia 2007-2011
This research focuses on the effect of leverage change of Indonesian nonfinancial listed companies on stock returns, future investment rate, future operational performances, and default risk, to investigate the consistency of debt overhang theory. This research employs a quantitative approach with mean equality test and panel regression as statistical tools. The empirical results show that leverage change does not have negative impact on firms' future investment rate, hence debt overhang theory does not hold in the case of Indonesia. The negative effect of leverage change on stock return is not due to underinvestment, but rather a result of deteriorated future operational performance as a consequence of accelerated investment.Ada tabel
Ketersediaan
| Call Number | Location | Available |
|---|---|---|
| 8461 | PSB lt.2 - Karya Akhir | 1 |
| Penerbit | Depok: Program Studi Manajemen, Fakultas Ekonomi Universitas Indonesia 2013 |
|---|---|
| Edisi | - |
| Subjek | Investment Company performance Stock return Capital structure of companies Leverage |
| ISBN/ISSN | - |
| Klasifikasi | - |
| Deskripsi Fisik | xiii, 92 p., 21 p. : diagr. ; 30 cm & lamp. |
| Info Detail Spesifik | - |
| Other Version/Related | Tidak tersedia versi lain |
| Lampiran Berkas | Tidak Ada Data |