Simialarity dan Peer Review: Funding Decisions in Determining Capital Structure in the Indonesian Stock Exchange, from a Pecking Order Theory Perspective
| Main Authors: | Yuniningsih, Yuniningsih, Muchran, Muchran, Amiruddin, Amiruddin, Yapid, Bunyamin M, Putri, Suci Ayu Kurniah |
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| Format: | Lainnya PeerReviewed Book |
| Bahasa: | eng |
| Terbitan: |
UPN Veteran Jawa Timur
, 2019
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| Subjects: | |
| Online Access: |
http://repository.upnjatim.ac.id/29/2/funding_decisions_sim.pdf http://repository.upnjatim.ac.id/29/3/funding_decisions.pdf http://repository.upnjatim.ac.id/29/ |
Daftar Isi:
- This study purposed to determine the influence of funding decisions on capital structure, in terms of its amount. Funding decisions in this study include firm’s growth (X1) and active structure (X2). The method used is multiple linear regressions. It sees effect from a firm’s growth (X1) and active structure (X2) variables for capital structure (Y). This research qualifies as research that is free from autocorrelation, heteroscedasticity and multicollinearity. The results of this study indicate that firms’ growth has no significant effect on capital structure. However, the asset structure variable has a significant positive effect on the capital structure, in accordance with the proposed hypothesis. This study is limited to two independent variables. It needs to be developed with many independent variables, and to use the firm grouped by type of stock index. This study has value is finding that a high firm’s growth is largely funded from internal equity. This is in accordance with pecking order theory, that funding should be from internal equity, external finance and external equity. Key words: Funding, Growth, Active Structure, Capital Structure