ANALYSIS OF EFFECT OF INVESTMENT OPPORTUNITY SET, FREE CASH FLOW, CORPORATE GOVERNANCE AND FIRM SIZE ON DEBT POLICY
| Main Authors: | Saiful, Saiful, Baihaqi, Baihaqi, Iriani, Alnita |
|---|---|
| Format: | Proceeding PeerReviewed Book |
| Bahasa: | eng |
| Terbitan: |
, 2014
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| Subjects: | |
| Online Access: |
http://repository.unib.ac.id/7065/1/MIICEMA%2012%20-%202%20LENGKAP.pdf http://repository.unib.ac.id/7065/ |
Daftar Isi:
- The purpose of this study is to find empirical evidence of the influencing of investment opportunity set, free cash flow, corporate governance, and firm size on debt policy of Indonesian public listed companies. Based on the purposive sampling method, 52 observations were selected as a sample of this study.This study found that investment opportunity set negatively influence debt policy. It means if the growth of company is high, the agency problem tends to be low, because the companies’ free cash flow is low, and therefore, the control with debt policy was not needed. This study also found that corporate governance positively influence to debt policy. It means that the better corporate governance practice lead to increase debt because of easier to get funding supplier.