Image of Pengaruh perubahan tingkat utang terhadap tingkat pengembalian saham. investasi dan kinerja masa depan perusahaan yang tercatat di Bursa Efek Indonesia 2007-2011

Text

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 NumberLocationAvailable
8461PSB lt.2 - Karya Akhir1
Penerbit Depok Program Studi Manajemen, Fakultas Ekonomi Universitas Indonesia.,
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