DETERMINAN TINGKAT HUTANG SERTA HUBUNGAN TINGKAT HUTANG TERHADAP NILAI PERUSAHAAN: PERSPEKTIF PECKING ORDER THEORY
ABSTRACT: Based on Pecking
Order Theory, the objective of this study is to examine the effect of dividend
policy, profitability, sales growth, and total assets growth towards financial
leverage and the effect of financial leverage as an intervening variable towards
firm value. The sampling method is purposive sampling method and there are 33
firms that fulfil the criteria. Data are analyzed using path analysis method.
The results show that dividend policy and profitability have negative influence
on financial leverage, while total assets growth has positive influence on
financial leverage. Financial leverage has negative relation on firm value.
Penulis: Mirna Amirya, Sari
Atmini
Kode Jurnal: jpakuntansidd080083
