文章基本信息

标题：Determinan Kebijakan Hutang: Bukti Empiris pada Perusahaan yang Terdaftar di Bursa Efek Indonesia
本地全文：下载
作者：Linda ; Maya Febrianty Lautani ; Muhammad Arfandynata 等
期刊名称：Jurnal Dinamika Akuntansi dan Bisnis
印刷版ISSN：2355-9462
电子版ISSN：2528-1143
出版年度：2017
卷号：4
期号：1
页码：91-112
DOI：10.24815/jdab.v4i1.6628
语种：English
出版社：Universitas Syiah Kuala
摘要：The purpose of this study is to examine the influence of asset structure,free cash flow (FCF),and investment opportunity set on debt policy in the LQ-45 company listed in the Indonesia Stock Exchange between 2011 and 2015.The data used in this study obtained from published companyfinancial statements.The sample was selected based on purposive sampling method e.g.110 observations.The hypotheses were tested by using multiple linear regression analysis.The results of this study demonstrated that the asset structure,FCF,and investment opportunity set both partially and simultaneously determine the Debt to Equity Ratio.Partially,this study found that the asset structure and FCF has a negative influence on debt to equity ratio,while the investment opportunity set has a positive influence on debt to equity ratio.based on these results,the good investment opportunity set have a strong relationship on the level of debt risk.
关键词：asset structure;free cash flow;investment opportunity set;debt policy;debt to equity ratio;pecking order theory.