Investment Opportunity Set and Determinant of Financing Policy

Jurnal Akuntansi Akrual, Vol. 5, No. 1, Okt 2013, ISSN: 2085-9643

Posted: 27 Nov 2017

See all articles by Rowland Bismark Pasaribu

Rowland Bismark Pasaribu

NAMOURA Research Institute; Gunadarma University

Date Written: October 20, 2013

Abstract

This research aimed to test whether there are differences among companies which have the growth potential and barren of in the case of policy of financing and also to test significance influence of unsystematic risk, size, profitability, and liquidity to non-financial companies financing structure enlisted in Indonesian Stock exchange Period 2008-2011. The result of this research indicate that except of debt equity ratio, size, and unsystematic risk, generally, there is differences of all proxy (leverage, profitability, and liquidity) between company which have the potency to grow and barren of. Hitting the influence significantly, in simultaneously all proxy used have a significant influence to structure of company financing in both classification refer to IOS.

Keywords: Emerging Market, unsystematic risk, Investment Opportunity Set

JEL Classification: G10, G11

Suggested Citation

Pasaribu, Rowland Bismark, Investment Opportunity Set and Determinant of Financing Policy (October 20, 2013). Jurnal Akuntansi Akrual, Vol. 5, No. 1, Okt 2013, ISSN: 2085-9643, Available at SSRN: https://ssrn.com/abstract=3075002

Rowland Bismark Pasaribu (Contact Author)

NAMOURA Research Institute ( email )

Jl. Komando III/2 No.37
Setiabudi
South Jakarta, DKI Jakarta 12920
Indonesia

Gunadarma University ( email )

Margonda Raya 100
Pondokcina, Depok
Jakarta, West Java 62-16424
Indonesia

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