Dyah, Cahyasari (2009) Pengaruh Struktur Kepemilikan (Insider Ownership, Institutional Investor), Firm Growth, Firm Size, Firm Profitability Terhadap Kebijakan Hutang Dalam Perspektif Teori Keagenan Pada Perusahaan Manufactur Go Public Di Indonesia. Skripsi thesis, Universitas Muhammadiyah Surakarta.
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Abstract
The purpose of this research are (1) to know influence of insider ownership, institutional investor, firm growth, firm size and firm profitability of debt policy, (2) to know insider ownership and institutional investor structure can less agency problem, so can minimize agency cost, (3) to know influence firm growth, firm size and firm profitability of debt policy. This research uses 125 sample of manufacturing company’s on BEJ during 2002-2006. Hypothesizes in this research consist of: (1) insider ownership structure has negative effect to debt ratio, (2) Institutional investor structure has positive effect to debt ratio, (3) firm growth has positive effect to debt ratio, (4) firm size has positive effect to debt ratio amd (5) firm profitability has to negative effect to debt ratio. The result of regression with uses Linear Probability Model (LPM), t-test indicates that: (1) insider ownership has negative effect and significant to debt ratio, (2) institutional investor has positive effect and significant to debt ratio, (3) firm growth has positive effect and significant to debt ratio, (4) firm size has positive effect and significant to debt ratio and (5) firm profitability has negative effect and significant to debt ratio. F-test shows that INSD, INST, GROW, SIZE and PROF have effect and significant to debt ratio with together way. R square 0,857 or 85,7%, its mean that tdebt ratio can to be explained by insider ownership, institutional investor, firm growth, firm size and firm profitability variable. The result of classical assumption test summarizes that there isn’t significant normality, multicolinearity, autocorrelation, heteroskedasticity.
Item Type: | Thesis (Skripsi) |
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Uncontrolled Keywords: | insider ownership, institutional investor, firm growth, firm size, profitability and debt ratio. |
Subjects: | H Social Sciences > HD Industries. Land use. Labor > HD28 Management |
Divisions: | Fakultas Pasca Sarjana > Magister Manajemen |
Depositing User: | Ari Fatmawati |
Date Deposited: | 06 Apr 2023 04:42 |
Last Modified: | 06 Apr 2023 04:42 |
URI: | http://eprints.ums.ac.id/id/eprint/104568 |
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