The ownership structure on the capital structure and the firm performance

Arifin, Agus Zainul (2010) The ownership structure on the capital structure and the firm performance. IJBME, 4. ISSN 1306-1097

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Abstract

The financing activity can generate a conflict between the management and the stockholder or creditor as a consequence of the opportunity management behaviours. These behaviours have also influence on the firm performance. The phenomenon of this research is the influence of the ownership structure in determining the selection of the firm's financing sources and on the firm performance.The aim of this research is to find the influence of the ownership structure on the capital structure and on the firm performance on the framework of the agency theory. This research was conducted at non financial public companies listed at the Jakarta Stock Exchange in years 2001-2003. This study used analysis tool of the two stages least square equation (2SLS) models. The first modet is to test the influence of stock ownership structure, asset growth of the firm, and asset structure of the firm on the capital structure. The second model is to test the influence of the stock ownership structure, capital structure, firm size. and risk of stock return on the firm performance. The conclusions give answers to all the problems.

Item Type: Article
Uncontrolled Keywords: Agency Theory, Stock Ownership Structure, Capital Snucture, and Firm Performance
Subjects: Karya Ilmiah Dosen > Fakultas Ekonomi
Divisions: Fakultas Ekonomi > Akuntansi
Fakultas Ekonomi > Manajemen
Depositing User: Ekonomi FE Tarumanagara
Date Deposited: 13 Aug 2017 12:26
Last Modified: 13 Aug 2017 12:26
URI: http://repository.untar.ac.id/id/eprint/1587

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