Tubagus Ahmad Maulana
Program Doktor Manajemen dan Bisnis Pascasarjana Institut Pertanian Bogor Jl. Raya Pajajaran Bogor, 16151, Indonesia.

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STRUKTUR MODAL DAN KEPUTUSAN INVESTASI PADA PERUSAHAAN TELEKOMUNIKASI INDONESIA Palti Marulitua Sitorus; D.S. Priyarsono D.S. Priyarsono; Adler Haymans Manurung; Tubagus Ahmad Maulana
Jurnal Keuangan dan Perbankan Vol 18, No 2 (2014): May 2014
Publisher : University of Merdeka Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (228.918 KB) | DOI: 10.26905/jkdp.v18i2.797

Abstract

This study aimed to explore the interconnection of capital structure and investment decisions based on therelationship between corporate leverage and investment options. The samples used were telecommunicationcompanies in Indonesia which had already become public companies from 2006 to 2013. The data was processedby using multiple regression technique and t test and F test to see the difference of investment source.This study revealed that an increase in the firm value as a result of an increase in the debts of the company andits increase was different between the companies that the investment came from foreign investment and localinvestment. Investment selection by using the debt was considered to be the correct choice made by management.The value of the company was obtained better by companies that used local investment. Telecommunicationbusiness was still considered by investors to be the prospective industries.