Pengaruh Negosiasi Debt Contracts Dan Political Cost Terhadap Perusahaan Untuk Melakukan Revaluasi Aset Tetap ( Studi Empiris Pada Perusahaan Yang Terdaftar Di Bursa Efek Indonesia Tahun 2010)
| Main Authors: | Firmansyah, Egy, Sherlita, Erly |
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| Terbitan: |
Universitas Widyatama
, 2013
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| Subjects: | |
| Online Access: |
http://repository.widyatama.ac.id/xmlui/handle/123456789/1906 |
Daftar Isi:
- The purpose of this study was to empirically test the effect of negotiating debt contracts (through the level of leverage, the level of secured borrowings and decrease in cash flow from operating activities) as well as the political cost (through the firm size) against the company on administering the revaluation of fixed assets. The population of this study focused on the companies that were listed in Indonesian Stock Exchange in 2010. Based on this list, there were 5 companies that administered the revaluation on fixed assets in 2010. As for the companies that did not administer the revaluation of fixed assets, the researcher processed all samples with purposive sampling method. Furthermore, this research also used the secondary data obtained from the Indonesian Stock Exchange and used the logistic regression analysis. The result of the study were that the level of leverage and the firm size had a positive and significant effect on the rate of 10% of the company to administer the revaluation of fixed assets. On the contrary, the level of secured borrowings had a negative and insignificant effect for the company to administer the revaluation of fixed assets although it was originally predicted to be positive. The study also discovered that the decrease in cash flow from operating activities had a positive and insignificant effect for the company to administer the revaluation of fixed assets which overlooked the original prediction to be negative. Key words : Revaluation of fixed assets, negotiating debt contracts, level of leverage, level of secured debt borrowings, decrease in cash flow from operational activities, political cost, firm size