ANALYSIS OF SOME FACTORS AFFECTING CAPITAL STRUCTURE.

Amount: ANALYSIS OF SOME FACTORS AFFECTING CAPITAL STRUCTURE.

Authors: Heri Widodo

Item Type: Thesis

Memberships: Master of Management Study Program, Faculty of Economics and Business Universitas Airlangga Surabaya, Indonesia

Publisher: Airlangga University

Abstract

Because of the importance of the meaning of the capital structure of a company, this study is intended to determine the factors that influence the capital structure policy of the property and real estate industries that go public in Indonesia, as well as which variables have the greatest contribution. In this study, secondary data was used, obtained from several related agencies, and the population consisted of all property and real estate industries that went public on the JSE. The sample is 17 companies. To find out the factors that influence the capital structure policy of the property and real estate industry in Indonesia, multiple linear regression analysis models are used. Proving the hypothesis using statistical tests, namely simultaneous regression test (F test) and partial regression test (t test). Based on the analysis results show that the variables of company size, operating leverage, dividend payout ratio, expected growth rate and SCM tax savings together or simultaneously have a significant influence on the capital structure policy of property and real estate companies that go public in Indonesia, with the contribution level by 38,8%; and from these variables the dominant effect is tax savings.

Keywords: CAPITAL MARKETS; STOCK EXCHANGES

sources: http://repository.unair.ac.id/34828/