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ASYMMETRIC INFORMATION, INVESTMENT OPPORTUNITY, PROFITABILITY, DIVIDEND DAN KEBIJAKAN LEVERAGE PERUSAHAAN MAKANAN MINUMAN Abdillah Assegaf
Manajemen Bisnis Vol. 1 No. 2 (2011): October
Publisher : Universitas muhammadiyah malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22219/jmb.v1i2.1328

Abstract

Gabungan Pengusaha Nasional Angkatan Sungai, Danau & Penyebrangan (GAPASDAP)e-mail: abdillah278@gmail.comABSTRACTPecking order theory is a theory that emphasizes the manager chooses to use retained earnings tofund the company rather than debt and the last alternative new shares issued. This study aims todetermine the influence of asymmetric information, investment opportunity, profitability and dividendon the company’s leverage. Type of data used are secondary data which are reported in the company’sfinancial ratios during the study period in 2006-2009. Results showed that mean of the variableasymmetric information, investment opportunity, profitability and dividend influence simultaneouslyto the leverage of company. There is only asymmetric information which is partially significant toinfluence the company leverage.Keywords: asymmetric information, profitability, investment opportunity, dividend, leverage