PENGARUH NORMA SOSIAL TERHADAP KEPUTUSAN PENDANAAN PERUSAHAAN SEKTOR NON-KEUANGAN YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2008-2012
| Main Authors: | , Permata Dian Pratiwi, , Agus Setiawan, Ph.D., M.Soc.Sc. |
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| Format: | Thesis NonPeerReviewed |
| Terbitan: |
[Yogyakarta] : Universitas Gadjah Mada
, 2014
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| Subjects: | |
| Online Access: |
https://repository.ugm.ac.id/130844/ http://etd.ugm.ac.id/index.php?mod=penelitian_detail&sub=PenelitianDetail&act=view&typ=html&buku_id=71277 |
Daftar Isi:
- This study aimed to examine the effect of social norms on the financing decisions of non-financial sector firms listed in Indonesia Capital Market 2008-2012 period. Social norms are defined by the presence of the company's products that cause harm to human health and disturbing the peace and public peaceful. In this study, the social norm is described by the sin and saint company, as well as grey as the control firm. Sin companies are a corporate that violates social norms, producing cigarettes (tobacco) and companies which are involved in the alcohol trade. While the company's attention to social norms saint who use the company listed in the Jakarta Islamic Index (JII). The results of this study showed that sin company rely on debt financing, views of the market value and book value. While companies saint (JII) tend to use the equity in deciding financing. Unlike the sin companies, corporate saint (JII) tend to hold more cash and pay dividends. The possibility of sin companies using cash to make other investments such as social responsibility. Overall social norms put pressure on the financing of non-financial corporate sector in Indonesia. Keywords: Social norms, sinners, saint (JII), financing.