PENENTUAN PERILAKU KEBIJAKAN STRUKTUR MODAL PADA PERUSAHAAN MANUFAKTUR DI BURSA EFEK INDONESIA (Pengujian Pecking Order Theory dan Static Trade-Off)
Abstrak: Financing resource is
very important to support firm activities. A number of theories have been
proposed to explain financing behavior in companies. This research aims to
examine two capital structure theories, static trade off and pecking order
theory to explain financing behavior
of companies that
listed in BEi,
specially manufacturing industries.
Sample was determined using
purposive sampling method. The final sample comprises 97 companies from
manufacturing industries that listed in BEi for the 2004 through 2008. there
are two hypotheses examined in this research. researcher used linear regression
to test all hypotheses. the results of
this research support
second hypothesis where
target debt showing
result positive and significantly. The results of this study show that
manufacturing industries tend to use static trade off compared to pecking order
theory in decision financing.
PENULIS: Eddy Suranta
Kode Jurnal: jpakuntansidd110164
