Analisis pengaruh strategi diversifikasi terhadap merket value of cash holding pada perusahaan tercatat di Bursa Efek Indonesia tahun 2007-2011

Deskripsi

This research analyzes the effect of the diversification strategy towards firm's market value of cash holding. This research developed two hypoteses based on agency problem and efficient internal capital market. This research employ panel regression model. This research find that market value of cash in diversified firms is lower compared than in single-segment firms. Diversification strategy is also associated with lower market value of cash in financially unconstrained firms. These findings affirm the existence of agency problem in diversified firms.Ada tabel