Antecedents of Company Leverage in the Indonesian and Thailand Stock Exchange
| Main Authors: | Wijaya, Liliana Inggrit, Zunairoh, Zunairoh, Silalahi, Marwin Antonius Rejeki, Wardojo, Felisa Julia, Sutejo, Bertha Silvia |
|---|---|
| Format: | Proceeding NonPeerReviewed application/pdf |
| Bahasa: | eng |
| Terbitan: |
, 2022
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| Subjects: | |
| Online Access: |
http://repository.ubaya.ac.id/43156/ https://fmi.or.id/2022/09/05/fmi-pusat-seminar-nasional-call-for-papers-fmi-2022-bali-25-27-oktober-2022/ |
Daftar Isi:
- This research aims to analyze the effect of profitability, liquidity, tangibility, growth, age, and size on leverage of the company. Debt to asset ratio (DAR) was used as dependent variable in this study. This research uses quantitative approach and multiple panel data regression method. The object used in this research was 771 observation data on Indonesian Stock Exchange and 951 observation data on Stock Exchange of Thailand. This research shows that profitability has significant negative effect on DAR in Indonesia and Thailand. Liquidity has a negative significant effect on DAR in Indonesia and Thailand. Tangibility has a negative insignificant effect on DAR in Indonesia but has a positive significant effect on DAR in Thailand. Growth has a positive significant effect on DAR in Indonesia and Thailand. Age has a negative significant effect on DAR in Indonesia and Thailand. Size has a positive significant effect on DAR in Indonesia and Thailand.