ANALISIS FAKTOR-FAKTOR YANG MEMPENGARUHI CAPITAL EXPENDITURE: DENGAN PENDEKATAN PECKING ORDER THEORY (Studi Empiris pada Perusahaan Manufaktur di BEI)
Abstract: This study aims to
examine and analyze the effect of internal cash flow, insider ownership,
investment opportunity, firm size and growth of sales to capital expenditure.
The population in this study is a manufactured company listed on BEI in
the period 2005 to 2009. Data was collected through observation method of
secondary data. Then a method that includes the classical assumption,
hypothesis testing, F test and t test, and analysis of the coefficient of
determination (R2). Data analysis using SPSS software version 16.
Based on the results of tests performed can be seen that the internal
variable cash flow and investment opportunities does not affect the level of
capital expenditure. Insider ownership has a negative effect on the level of
capital expenditure, meaning more and more ownership of shares owned by
insiders, the capital expeditur will be less. Firm size has a positive effect
on the level of capital expenditure, meaning that the higher the size of the
company, then the capital expenditure will be higher as well. Positive effect
on sales growth capital expenditure, meaning that increasing the company's
sales growth, the company's capital expenditure will also increase
Keywords: internal cash flow,
insider ownership, investment opportunities, firm size, sales growth and
capital expenditure
Penulis: Dimas Kusuma Adi, Dul
Muid
Kode Jurnal: jpakuntansidd131087
