FAKTOR – FAKTOR YANG MEMPENGARUHI DEBT MATURITY STRUCTURE PADA SEKTOR INDUSTRI AGRIKULTUR YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2007 - 2015

  • Cathlinita Sidik Jurusan konsentrasi Manajemen Keuangan Korporat Fakultas Bisnis dan Ekonomika Universitas Surabaya
Abstract Views: 403 times
Keywords: Debt Maturity, Pecking Order Theory, Signaling Theory

Abstract

Penelitian ini bertujuan untuk mengetahui faktor-faktor yang mempengaruhi debt maturity structure pada badan usaha industri Agrikultur yang terdaftar di Bursa Efek Indonesia periode 2007-2015. Teori yang terkait adalah Asymetric Information, Debt Maturity, Signaling Theory dan Pecking Order Theory Variabel yang digunakan antara lain leverage, asset maturity, size, growth
opportunity dan tangibility. Penelitian ini menggunakan dua model untuk mengukur debt maturity structure. Penelitian ini menggunakan pendekatan kuantitatif dengan model panel least square. Penelitian ini menggunakan sampel badan usaha dalam sektor industri agrikultur yang memiliki laporan keuangan yang telah diaudit selama periode 2007-2015 . Jumlah Observasi yang digunakan
dalam penelitian ini adalah 99 observasi. Hasil penelitian menunjukkan bahwa pada sektor industri agrikultur, variabel leverage memiliki pengaruh negatif signifikan terhadap debt maturity structure yang diukur dengan model I. Variabel asset maturity memiliki pengaruh positif signifikan terhadap debt maturity structure yang diukur dengan model II dan variabel size, profitability dan
tangibility memiliki pengaruh negatif signifikan terhadap debt maturity structure yang diukur dengan model II.

Downloads

Download data is not yet available.

References

Antonious, A., Guney, Y., dan Paudyal, K., 2006, The Determinants of Debt Maturity Structure: Evidence from France, Germany and the UK., European Financial Management, 12, 161-194.

Alclock, Kelvin, Finn ., 2012., The Determinants of debt matuirity in Firms., Accounting and Finance journal.

Barclay, M., dan Smith, C., 1995, The Maturity Structure of Corporate Debt., J. Finance,50: 609-632

Bougatef , 2010, Determinants of Corporate Debt Maturity Structure : evidence from Tunisia and France, Journal of Business School of Tunis, Manouba University, Campus university of Manouba

Cai , Fairchild, Guney., 2008., Debt Matuirty of Chinese companies., Pacific-Basin Finance Journal 16, p 268-297

Costa, S., Laureano, S.M.L., Laureano, S.M.R., 2014, The Debt Maturity of Purtuguese SMEs: the aftermath of the 2008 financial crisis , Procedia - Social and Behavioral Science 10th International strategic Management Conference, 150, pp 172-181.

Gitman, LJ dan Zutter, C.J., 2012, Principles of Managerial Finance, 13th edition, Prentice Hall.

Gujarati, D.N ., 2004 , Basic Econometrics, 4th Edition, McGraw-Hill

Gujarati, D.N., 2008, Ekonometrika Dasar, Jakarta : Erlangga

Hajiha dan Akhlaghi, 2012, The Determinants of Debt Matuirty Structure in Iranian Firms, World Applied Sciences Journal 18 ( 5 ) : 624-632.

Jensen, M., dan Meckling W, 1976, Theory of Firm Managerial Bheavious, Agency Cost, and Capital Structure, Journal of Financial Economics, 3, 305-360.

Korner, P., 2014, The Determinants of Corporate Debt Maturity: Evidence from Czech Firms, Czech Journal of Economics and Finance, p. 57,2007,no 3-4.
Published
2018-03-01
Issue
Vol. 7 No. 1 (2018): Calyptra : Jurnal Ilmiah Mahasiswa Universitas Surabaya (September)
Section
Bidang Manajemen (M)

Creative Commons License

  • Articles published in CALYPTRA are licensed under a Creative Commons Attribution-ShareAlike 4.0 International license. You are free to copy, transform, or redistribute articles for any lawful purpose in any medium, provided you give appropriate credit to the original author(s) and the journal, link to the license, indicate if changes were made, and redistribute any derivative work under the same license.
  • Copyright on articles is retained by the respective author(s), without restrictions. A non-exclusive license is granted to CALYPTRA to publish the article and identify itself as its original publisher, along with the commercial right to include the article in a hardcopy issue for sale to libraries and individuals.
  • By publishing in CALYPTRA, authors grant any third party the right to use their article to the extent provided by the Creative Commons Attribution-ShareAlike 4.0 International license.