Junita, Risca (2014) ANALISIS DETERMINAN STRUKTUR MODAL PENDEKATAN STATIS DAN DINAMIS (Survei Pada Industri Sektor Pertambangan Batubara yang Terdaftar di Bursa Efek IndonesiaPada Tahun 2008-2012). Skripsi thesis, Universitas Tarumanagara.
Full text not available from this repository.Abstract
The study employs determinant variables of capital structure in two approaches- static and dynamic to reflect differing theoretical arguments on capital structure. The research using sample of coal industry firms listed in Indonesia Stock Exchange during 2008-2012 is performed using panel data for the static approach and PAM model tested with Generalized Methods of Moments for the dynamic approach. The results suggests that dynamic capital structure does not imply in coal industry firms and static capital structure is the best explanation for firms’ use of debt with profitability and growth statically insignificant and positively correlated to leverage, market-to-book value statically insignificant and negatively correlated to leverage, liquidity statically significant and negatively correlated to leverage, size statically significant and positively correlated to leverage. The analysis of the outcomes led to conclusion that static trade-off theory and signaling theory provides the best explanation for the capital structure of the firms, therefore the observed debt ratio reflects firms’ optimal capital structure.
| Item Type: | Thesis (Skripsi) |
|---|---|
| Subjects: | Skripsi/Tugas Akhir Skripsi/Tugas Akhir > Fakultas Ekonomi |
| Divisions: | Fakultas Ekonomi > Manajemen |
| Depositing User: | FE Perpus |
| Date Deposited: | 25 May 2021 04:05 |
| Last Modified: | 25 May 2021 04:05 |
| URI: | http://repository.untar.ac.id/id/eprint/29665 |
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