Pengujian Pecking Order Theory Terhadap Perusahaan Surplus Dan Defisit Non Keuangan Di Bursa Efek Indonesia

Joedith Monica, Muthia Pramesti

Research output: Contribution to conferencePaperpeer-review

Abstract

The importance of knowing that a firm is profitable, can be seen whether the company surplus or the otherwise. The study related to pecking order theory for surplus firm is still rare, since almost the majority of research in pecking order theory in Indonesia is focused only on one or more sectors. Among the several capital structures, the chosen is pecking order theory, because this theory is a dynamic theory in accordance with the market which is not perfect compared with other capital structure theory. The purpose of this study is to find out whether the non-financial companies listed on the BEI follow the pecking order theory, whether the surplus companies follow the pecking order theory and whether the surplus companies use the surplus that has to pay the company's debt. The research method using E-views 9 software, where the sample selection using purposive sampling method. The findings from the research of non-financial companies in Indonesia do not follow pecking order theory, surplus companies do not follow pecking order theory to pay the debt in advance and surplus companies do not pay debts using surplus owned.
Original languageIndonesian
DOIs
Publication statusPublished - 2017
EventThe 3rd International Finance Association Annual Conference - ID, Depok, Indonesia
Duration: 1 Jan 2017 → …

Conference

ConferenceThe 3rd International Finance Association Annual Conference
CountryIndonesia
CityDepok
Period1/01/17 → …

Keywords

  • Capital structure, pecking order theory, financing decision, surplus, debt.

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