文章基本信息

标题：PENGUJIAN PECKING ORDER THEORY MENGGUNAKAN REGRESI DATA PANEL PADA INDUSTRI MAKANAN DAN MINUMAN
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作者：Yunika Murdayanti
期刊名称：Media Riset Akuntansi, Auditing & Informasi
印刷版ISSN：1411-8831
电子版ISSN：2442-9708
出版年度：2007
卷号：7
期号：1
页码：39-56
DOI：10.25105/mraai.v7i1.970
语种：Indonesian
出版社：Lembaga Penerbit Fakultas Ekonomi dan Bisnis (LPFEB)
摘要：The principal objective in this paper is to ascertain the extent to which Myers (1984) Pecking Order Theory (POT) of business financial appears to explain leverage amongst a pane! of 17 food and beverage companies,taken from Jakarta Stock Exchange during period 2003-2005.The analysis using Panel Data Regression and the research findings reported in the paperthat only profitability and growth significantly influence leverage using both OLS (Ordinary Least Square) and fixed effect.But with OLS,the result finding more significant than fixed effect and random effect.However,the findings also suggest the need for a modified POT that more fully reflects the spade cirazatances and nuances of food and beverage leverage especially when using between long term and short term debt.A full specification fora modified POTof leverage & food and beverage is proposed as a basis for further inquiry in the area.
关键词：pecking order theory;leverage;profitability;growth;size;age;asset