文章基本信息

标题：Determinants of Capital Structure and the Role of Capital Structure on Firm Value
本地全文：下载
作者：Wiston Manihuruk ; Djumahir . ; Sumiati . 等
期刊名称：European Journal of Business and Management
印刷版ISSN：2222-2839
电子版ISSN：2222-2839
出版年度：2016
卷号：8
期号：22
页码：182-194
语种：English
出版社：The International Institute for Science, Technology and Education (IISTE)
摘要：The purpose of this research is to examine the determinants of capital structure and role of capital structure on firm value of the Go Public listed Indonesian Stock Exchange. In this research, the determinants of capital structure are liquidity, volatilities of earnings, profitability, size of the firm, capital expenditures and firm growth. Data analysis was performed on manufacturing companies which were listed in Indonesia Stock Exchange from 2008 to 2012. Results of data analysis using econometric model and panel data analysis showed that liquidity, profitability, size of the firm and capital expenditures has significant effect to capital structure, while no significant effect was found between volatilities of earnings and firm growth against company’s capital structure. Result of this study also found that capital structure didn’t have significant effect to firm value.
关键词：capital structure; firm value; liquidity; earnings volatilities; profitability; firm size; capital expenditures; firm growth.