Pena : Jurnal Ilmu Pengetahuan dan Teknologi
Vol 33, No 1 (2019): PENA MARET 2019

PERAN RISIKO BISNIS DALAM PENGAMBILAN KEPUTUSAN PENDANAAN PERUSAHAAN

Mahirun Mahirun (Universitas Pekalongan)



Article Info

Publish Date
27 Mar 2019

Abstract

This study aims to examine the effect of company size, sales growth, and investment opportunity set for funding policies mediated by business risk. This study also involves asset growth variables as control variables. The object of the research is all manufacturing sector companies listed on the Indonesia Stock Exchange (IDX), with observation periods ranging from 2008 to 2013 that issued R&D costs in their financial statements. The results showed that firm size had a positive and significant effect on capital structure, sales growth and asset growth had a positive but not significant effect, and the investment opportunity set had a negative and significant effect on capital structure. The effect of business risk on the capital structure is negative but not significant, while the company's size on business risk is negative but does not have a significant effect, sales growth and business risk are positive and have a significant effect, the investment opportunity set and business risks are positive and have a significant effect. The results also prove that business risk variables are not able to mediate the influence of company size, sales growth, and investment opportunity set in increasing corporate funding decisions

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Journal Info

Abbrev

pena

Publisher

Subject

Economics, Econometrics & Finance Law, Crime, Criminology & Criminal Justice Medicine & Pharmacology Other

Description

PENA: JURNAL ILMU PENGETAHUAN DAN TEKNOLOGI [P-ISSN-0854-7521 | E-ISSN-2301-6450 | DOI 10.31941] merupakan jurnal ilmiah bidang iptek yang bersumber dari hasil kajian dan penelitian. Jurnal PENA menyajikan informasi mutakhir hasil kajian dan penelitian bidang ilmu pengetahuan dan teknologi, yang ...