Artikel Ilmiah : C1H015052 a.n. MOHAMMAD FATHON PRAMUKA
| NIM | C1H015052 |
|---|---|
| Namamhs | MOHAMMAD FATHON PRAMUKA |
| Judul Artikel | OWNERSHIP STRUCTURE ON COMPANIES FINANCIAL LEVERAGE DECISION: EVIDENCE FROM INDONESIA |
| Abstrak (Bhs. Indonesia) | Penelitian ini menggunakan 14 perusahaan sebagai sampel. Metode penelitian ini menggunakan analisis regresi data panel. Hasil analisis data menunjukkan bahwa: (1) kepemilikan manajerial (managerial share ownership) berpengaruh negatif terhadap finansial leverage, (2) Profitability (MSO) berpengaruh negatif terhadapa finansial leverage, (3) Share Turnover (MSO) tidak berpengaruh terhadap finansial leverage, (4) IO berpengaruh negatif terhadap finansial leverage, (5) Profitability (IO) berpengaruh positif terhadap finansial leverage, (6) Share Turnover (IO) tidak berpengaruh terhadap finansial leverage. Implikasi dari hasil diatas adalah sebagai berikut: Secara teoritis, penelitian ini memberikan wawasan untuk implementasi teori keagenan dalam keputusan pendanaan. Karena penelitian ini dilakukan di perusahaan manufaktur yang terdaftar di LQ45, untuk meningkatkan generalisasi teori di berbagai konteks, terutama di negara-negara berkembang seperti Indonesia. Pada tingkat praktis, hasil ini dapat digunakan oleh investor, manajer dana sebagai referensi dalam membuat keputusan pendanaan, apakah akan memprioritaskan pendanaan internal atau eksternal |
| Abtrak (Bhs. Inggris) | This research method uses panel data regression analysis. Based on the results of research and data analysis it is shown that: (1) Managerial Share Ownership has a negative effect on financial leverage, (2) Profitability (MSO) has a negative effect on financial leverage, (3) Share Turnover (MSO) has no effect on financial leverage, (4) IO has a negative effect on financial leverage, (5) Profitability (IO) has a positive effect on financial leverage, (6) Share Turnover (IO) has no effect on financial leverage. The implications of the results above are as follows: theoretically, this research provides insight into the implementation of agency theory in funding decisions. Because this research was carried out in manufacturing companies listed in LQ45, highlight the generalization of theories in all contexts, especially in developing countries such as Indonesia. At a practical level, this result can be used by investors, fund managers as a reference in making funding decisions, whether to prioritize internal or external funding. |
| Kata kunci | Ownership structure, Financial Leverage, Share turnover, Profitability |
| Pembimbing 1 | Dr. Adi Indrayanto, SE, M.Sc |
| Pembimbing 2 | Dr. Rio Dhani Laksana, SE, M.Sc |
| Pembimbing 3 | Dr. Intan Shaferi, SE, M.Si |
| Tahun | 2020 |
| Jumlah Halaman | 69 |
| Tgl. Entri | 2020-07-22 17:20:14.157657 |