Jurnal Akuntansi dan Keuangan Indonesia
Vol. 5, No. 2

DETERMINAN TINGKAT HUTANG SERTA HUBUNGAN TINGKAT HUTANG TERHADAP NILAI PERUSAHAAN: PERSPEKTIF PECKING ORDER THEORY

Amirya, Mirna (Unknown)
Atmini, Sari (Unknown)

Article Info

Publish Date
31 Dec 2008

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.

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Journal Info
Jurnal Akuntansi dan Keuangan Indonesia
Website

Abbrev

publication:jaki

Publisher

Universitas Indonesia

Subject

Description

JAKI aims to contribute to the development of knowledge and practice of accounting and finance by publishing theoretical and empirical research papers showcasing Indonesia as well as other emerging and developed markets. Authors are invited to submit articles that address the discourses of ...