THE IMPACT OF CORPORATE DIVERSIFICATION TO CAPITAL STRUCTURE: AN EMPIRICAL STUDY FROM THE MANUFACTURING FIRMS IN INDONESIAN STOCK EXCHANGE 2014-2
| Main Author: | Panggelarbudi, Yohanes Agung |
|---|---|
| Format: | Thesis NonPeerReviewed Book |
| Bahasa: | eng |
| Terbitan: |
, 2020
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| Subjects: | |
| Online Access: |
http://e-journal.uajy.ac.id/22906/1/151521842.pdf http://e-journal.uajy.ac.id/22906/2/1515218421.pdf http://e-journal.uajy.ac.id/22906/3/1515218423.pdf http://e-journal.uajy.ac.id/22906/4/1515218424.pdf http://e-journal.uajy.ac.id/22906/ |
Daftar Isi:
- This research aims to find the impact of corporate diversification to capital structure in Indonesian manufacturing firms listed in Indonesian Stock Exchange on 2014 up to 2018. The sample used in this research is 40 manufacturing companieslisted in Indonesian Stock Exchange in 5 years, which is 2014-2018. In this case, capital structure is measured using leverage by using debt to equity ratio. Diversification is measured using Herfindahl-Hirschman Index (HHI). There are two control variables in this research: profitability, measured using return on assets; and dividend policy, measured using dividend payout ratio. The result is that diversification gives negative and significant impact to capital structure. The control variable, profitability and dividend policy both gives negative and significant impact to capital structure.