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Dinamic Capital Structure Of Firms In Indonesia Stock Exchange

This study attempted to examine the dynamic capital struclure model bas€d on a sample on manutbcturing company ilt lndonesia. The dala used h panel data of listed companies in Indonesia Stock Erchange in the pe.iod 2000-2008. Companies in Indonesia following the dvnahic capital structurc, thc targ...

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Main Author: Arni Surwanti
Format: Laporan Penelitian
Language: Bahasa Inggris
Published: Tamkang University 2012
Subjects:
Capital Structure Dinamic Stock Exchange
Online Access: http://oaipmh-jogjalib.umy.ac.idkatalog.php?opo=lihatDetilKatalog&id=68738
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id oai:lib.umy.ac.id:68738
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spelling oai:lib.umy.ac.id:687382021-06-16T13:08:45ZDinamic Capital Structure Of Firms In Indonesia Stock ExchangeArni SurwantiCapital Structure Dinamic Stock ExchangeThis study attempted to examine the dynamic capital struclure model bas€d on a sample on manutbcturing company ilt lndonesia. The dala used h panel data of listed companies in Indonesia Stock Erchange in the pe.iod 2000-2008. Companies in Indonesia following the dvnahic capital structurc, thc targei compmy's capital struclure adjust over time and it is a lunclion ofexogenous and endogenous faclors change' ' Bas€d on the results ofthe analysis show thal lhe optimal leverase chang€s. arc siSnificanllv influencell by seleral faclrrsl NDTS (Non Debt T[\ Shield), IANG (TansibiliB), GROWTH, SIZE, PROF (Profitabilitv), TCS (Trade Credit to Sales), TDS (Trade D€b1 to Sales), TA-X, LIQ Giquiditv), and the optimal leverage fluctuale reflecb the company adiustment over time to exogenous elld e.doSenous facron of fim. The study also speci8 the speed of adjusbne,l towds the oplirnal level of levemge. The ^mounl of adjust enl of.he @mpeny i') achieving oplimal levemge on average per v@ of0.80 or 80% witlin one ver or ihe averag€ lime required to achieve the opdmai leveBgc is 1.26 yeJs.Speed of ad;justment aftbcted. bv lift charct ristics. Curent liab;lilies, 8roMh, and lhe size of tte companv showed a posifive efiect, while pmfitability shows a negative effelt ard that show signincant effect on the sp€ed ofadjustr.€nt is profitabiliry.Tamkang University2012Laporan Penelitian-Bahasa Inggrishttp://oaipmh-jogjalib.umy.ac.idkatalog.php?opo=lihatDetilKatalog&id=68738
institution Universitas Muhammadiyah Yogyakarta
collection Perpustakaan Yogyakarta
language Bahasa Inggris
topic Capital Structure Dinamic Stock Exchange
spellingShingle Capital Structure Dinamic Stock Exchange
Arni Surwanti
Dinamic Capital Structure Of Firms In Indonesia Stock Exchange
description This study attempted to examine the dynamic capital struclure model bas€d on a sample on manutbcturing company ilt lndonesia. The dala used h panel data of listed companies in Indonesia Stock Erchange in the pe.iod 2000-2008. Companies in Indonesia following the dvnahic capital structurc, thc targei compmy's capital struclure adjust over time and it is a lunclion ofexogenous and endogenous faclors change' ' Bas€d on the results ofthe analysis show thal lhe optimal leverase chang€s. arc siSnificanllv influencell by seleral faclrrsl NDTS (Non Debt T[\ Shield), IANG (TansibiliB), GROWTH, SIZE, PROF (Profitabilitv), TCS (Trade Credit to Sales), TDS (Trade D€b1 to Sales), TA-X, LIQ Giquiditv), and the optimal leverage fluctuale reflecb the company adiustment over time to exogenous elld e.doSenous facron of fim. The study also speci8 the speed of adjusbne,l towds the oplirnal level of levemge. The ^mounl of adjust enl of.he @mpeny i') achieving oplimal levemge on average per v@ of0.80 or 80% witlin one ver or ihe averag€ lime required to achieve the opdmai leveBgc is 1.26 yeJs.Speed of ad;justment aftbcted. bv lift charct ristics. Curent liab;lilies, 8roMh, and lhe size of tte companv showed a posifive efiect, while pmfitability shows a negative effelt ard that show signincant effect on the sp€ed ofadjustr.€nt is profitabiliry.
format Laporan Penelitian
author Arni Surwanti
author_sort Arni Surwanti
title Dinamic Capital Structure Of Firms In Indonesia Stock Exchange
title_short Dinamic Capital Structure Of Firms In Indonesia Stock Exchange
title_full Dinamic Capital Structure Of Firms In Indonesia Stock Exchange
title_fullStr Dinamic Capital Structure Of Firms In Indonesia Stock Exchange
title_full_unstemmed Dinamic Capital Structure Of Firms In Indonesia Stock Exchange
title_sort dinamic capital structure of firms in indonesia stock exchange
publisher Tamkang University
publishDate 2012
url http://oaipmh-jogjalib.umy.ac.idkatalog.php?opo=lihatDetilKatalog&id=68738
isbn -
_version_ 1702752031144411136
score 14.79448

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