PENCAPAIAN TARGET LEVERAGE MELALUI SPEED OF ADJUSTMENT KARAKTERISTIK PERUSAHAAN

  • Yasir Maulana Program Studi Manajemen Fakultas Ekonomi, Universitas Kuningan, Indonesia
  • Ayus Ahmad Yusuf IAIN Syekh Nurjati Cirebon, Indonesia
Keywords: target leverage, speed of adjustment, dynamic capital structure

Abstract

This paper aims to determine the effect of company characteristics on target leverage with the relation of the speed of adjustment to target leverage. The speed of adjustment is examined to complete the analysis of the concept of dynamic capital structure in Indonesia. The characteristics of the companies studied are profitability, company size, company growth, industry, tangibility, inflation and the deficit and financial surplus of companies in the property, real estate and construction sectors listed on the Indonesia Stock Exchange in 2008 to 2015. The results of this study show that property, real estate, and construction sector companies are significantly implementing leverage targets. The data also shows that there is a significant effect of speed of adjustment to the leverage target which is faster when the company has a financial surplus compared to when the financial deficit.

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Published
2019-12-30
How to Cite
Maulana, Y., & Yusuf, A. (2019). PENCAPAIAN TARGET LEVERAGE MELALUI SPEED OF ADJUSTMENT KARAKTERISTIK PERUSAHAAN. AKURASI: Jurnal Riset Akuntansi Dan Keuangan, 1(2), 131 - 140. Retrieved from http://ejournal.imperiuminstitute.org/index.php/AKURASI/article/view/131
Section
Articles