Record Details

Pengaruh Set Kesempatan Investasi Terhadap Hubungan Antara Kepemilikan Manajerial dan Aliran Kas Bebas dengan Tingkat Leverage Perusahaan

KINERJA: Journal of Business and Economics

View Archive Info
 
 
Field Value
 
Title Pengaruh Set Kesempatan Investasi Terhadap Hubungan Antara Kepemilikan Manajerial dan Aliran Kas Bebas dengan Tingkat Leverage Perusahaan
 
Creator Raino Wirjono, Endang
 
Description Agency  theory  mentions  that  leverage  (debt)  is  one  of  mechanism  used  by shareholders  to minimize agency problem with manager. In this context, previous researchers show that leverage was influenced by free cash flow and insider ownership (managerial ownership). This research aims  to  examine  the determinants  of  leverage  in  a  research  model  and  treats investment opportunity  set  (IOS)  as  moderating  variable  that  will  influence the  relationship  between  free cash flow and managerial ownership with leverage. By using sample consist of 38 manufacturing companies, result from moderated Regression Analysis (MRA) statistically shows evidence that IOS  influences  the relationship  between  free  cash  flow  and  leverage.  This  result supported Tarjo’s research (2002).
 
Publisher Faculty of Economics Universitas Atma Jaya Yogyakarta
 
Contributor —
 
Date 2009-08-01
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier https://ojs.uajy.ac.id/index.php/kinerja/article/view/35
10.24002/kinerja.v13i2.35
 
Source KINERJA; Vol 13, No 2 (2009): Kinerja
2549-1709
0853-6627
 
Language eng
 
Relation https://ojs.uajy.ac.id/index.php/kinerja/article/view/35/10