The factors affecting balance sheet to capital structure during financial crisis 2008-2011 (the case on companies in asean countries)

Lukman, Hendro The factors affecting balance sheet to capital structure during financial crisis 2008-2011 (the case on companies in asean countries). Karya Ilmiah Dosen. ISSN 978-979-9234-59-9

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Abstract

The global economic crisis that happened in USA and Europe had influenced othercountriesincluding ASEAN countries. Economic or financial crisis that occurred in 2008 and 2011 did not carry the same impact on ASEAN countries. There werea few countries that were still showing growth. The crisis had also affacted to micro-economic sectors, such as companies. One of the effects of the crisis for the companies was the balance sheet effect, an impact on their capital structure. This study was conducted to see how the economic and financial crisis influenced the capital structure of large-capitalizedpublic companies in 2008-2011 in all members of ASEAN. The companies' capital structure was influenced by internal factors and external factors. This study used Simultaneous Regression. The results were: firm size factor was dominant in all ASEAN countries; inflation rate was dominant in five countries; company growth was dominant in four countries; asset structure was dominant in three countries;non-debt tax shield; interest rates and economy growth (GDP) were dominant in two countries; menwhile the exchange rate was dominant in one country.

Item Type: Article
Uncontrolled Keywords: Balance Sheet Effect, Capital Structure, ASEAN
Subjects: Karya Ilmiah Dosen > Fakultas Ekonomi
Divisions: Fakultas Ekonomi > Akuntansi
Fakultas Ekonomi > Manajemen
Depositing User: Ekonomi FE Tarumanagara
Date Deposited: 19 Jul 2017 18:58
Last Modified: 19 Jul 2017 18:58
URI: http://repository.untar.ac.id/id/eprint/1517

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