Work

Determinan Tingkat Hutang Serta Hubungan Tingkat Hutang Terhadap Nilai Perusahaan: Perspektif Pecking Order Theory

Year: 2008

Type: article

Abstract: Based on Pecking Order Theory, the objective of this study is to examine the effect of dividend policy, profitability, sales growth, and total assets growth towards financial leverage and the effect of financial leverage as an intervening variable towards firm value. The sampling method is purposive sampling method and there are 33 firms that fulfil the criteria. Data are analyzed using path analysis method. The results show that dividend policy and profitability have negative influence on financial leverage, while total assets growth has positive influence on financial leverage. Financial leverage has negative relation on firm value.

Source: Jurnal Akuntansi dan Keuangan Indonesia

DOI: 10.21002/jaki.2008.11

Authors: Mirna Amirya, Sari Atmini

Institution: University of Brawijaya

Language: Indonesian

Topic: Corporate Finance and Governance

Subfield: Accounting

Field: Business, Management and Accounting

Domain: Social Sciences

Open Access status: diamond

OpenAlex ID: W1521315032

FWCI: 1.087

Cites: 11

Cited by: 18

Related to: 10