PENGARUH ARUS KAS, KESEMPATAN INVESTASI, LEVERAGE, DAN MODAL KERJA TERHADAP KEPUTUSAN INVESTASI AKTIVA TETAP PADA PERUSAHAAN FINANCIALLY CONSTRAINED
Abstract: This
research aims to
analyze the effect
of cash flow, investment opportunities, leverage,
working capital on
fixed asset investment decisions
of financially constrained
firms. This research focuses on financially constrained
firms of manufacturing sector in the 2008-2010
period. Due to
the impact of
the global financial
crisis in 2008 has increasing
asymmetric information that led to the company facing financial
constraints. Sample in
this research were
44 companies in manufacturing
sector which has
facing financial constraints indicated
by firm had
not pay dividends.
Analytical techniques used in
this research is
the multiple linear
regression analysis. The result shows that cash flow had positive effect
to fixed asset investment decisions
of financially constrained
firms, while investment opportunities, leverage,
and working capital
are has not effect
to fixed asset
investment decisions of
financially constrained firms.
Penulis: MOHAMAD ZAKI
Kode Jurnal: jpmanajemendd130945
