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Analisis Perolehan Status Syariah terhadap Tingkat Leverage dan Kecepatan Penyesuaian Leverage Perusahaan: Studi Kasus Emiten Non-Keuangan yang tercatat di Bursa Efek Indonesia Periode 2015-2019
This study was conducted to analyze the effect of shariah status ownership towards company's leverage level and speed of leverage adjustment. This study uses a sample of 163 non-financial companies listed on Indonesia Stock Exchange for period 2015-2019 and categorized them based on their sharia status. The research method used is panel regression with estimation techniques of random effects model and common effect model. The first model estimation result shows a significant negative relationship between dummy shariah as independent variable with leverage as dependent variable. This proves that Sharia-compliant companies have lower level of leverage compared to non-Sharia companies. Meanwhile, the result of second model estimation shows a significant positive relationship between the independen variable of interaction lag leverage and sharia dummy with the dependent variable leverage. It can be concluded that Sharia-compliant companies have slower speed of leverage adjustment towards optimal target compared to non-Sharia companies. This study shows the role of trade-off theory in explaining the capital structure of sharia companies.Ada Tabel
Ketersediaan
| Call Number | Location | Available |
|---|---|---|
| 12679 | PSB lt.2 - Karya Akhir | 1 |
| Penerbit | Depok: Program Studi Manajemen Fakultas Ekonomi dan Bisnis Universitas Indonesia 2021 |
|---|---|
| Edisi | - |
| Subjek | Capital structure Leverage Sharia Companies Speed of Leverage Adjustment |
| ISBN/ISSN | - |
| Klasifikasi | - |
| Deskripsi Fisik | xvi, 95 p. ; diagr. ; 30 cm |
| Info Detail Spesifik | - |
| Other Version/Related | Tidak tersedia versi lain |
| Lampiran Berkas | Tidak Ada Data |