ojs2 has produced an error Message: WARNING: Invalid argument supplied for foreach() In file: /home/jab1/public_html/lib/pkp/classes/core/Core.inc.php At line: 149 Stacktrace: File: /home/jab1/public_html/lib/pkp/classes/core/Core.inc.php line 149 Function: PKPApplication->errorHandler(2, "Invalid argument supplied for foreach()", "/home/jab1/public_html/lib/pkp/classes/core/Core.inc.php", 149, Array(6)) File: /home/jab1/public_html/lib/pkp/classes/core/PKPRequest.inc.php line 463 Function: Core->isUserAgentBot("Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)") File: /home/jab1/public_html/plugins/generic/usageEvent/UsageEventPlugin.inc.php line 353 Function: PKPRequest->isBot() File: /home/jab1/public_html/plugins/generic/usageEvent/UsageEventPlugin.inc.php line 106 Function: UsageEventPlugin->_buildUsageEvent("TemplateManager::display", Array(5)) File: (unknown) line (unknown) Function: UsageEventPlugin->getUsageEvent("TemplateManager::display", Array(5)) File: /home/jab1/public_html/lib/pkp/classes/plugins/HookRegistry.inc.php line 89 Function: call_user_func(Array(2), "TemplateManager::display", Array(5)) File: /home/jab1/public_html/lib/pkp/classes/template/PKPTemplateManager.inc.php line 332 Function: HookRegistry->call("TemplateManager::display", Array(5)) File: /home/jab1/public_html/pages/article/ArticleHandler.inc.php line 224 Function: PKPTemplateManager->display("article/article.tpl") File: (unknown) line (unknown) Function: ArticleHandler->view(Array(2), Object(Request)) File: /home/jab1/public_html/lib/pkp/classes/core/PKPRouter.inc.php line 362 Function: call_user_func(Array(2), Array(2), Object(Request)) File: /home/jab1/public_html/lib/pkp/classes/core/PKPPageRouter.inc.php line 220 Function: PKPRouter->_authorizeInitializeAndCallRequest(Array(2), Object(Request), Array(2), False) File: /home/jab1/public_html/lib/pkp/classes/core/Dispatcher.inc.php line 134 Function: PKPPageRouter->route(Object(Request)) File: /home/jab1/public_html/lib/pkp/classes/core/PKPApplication.inc.php line 178 Function: Dispatcher->dispatch(Object(Request)) File: /home/jab1/public_html/index.php line 64 Function: PKPApplication->execute() Server info: OS: Linux PHP Version: 5.6.40-38+ubuntu18.04.1+deb.sury.org+1 Apache Version: N/A DB Driver: mysql DB server version: 5.7.33-0ubuntu0.16.04.1-log
Analisis Faktor-Faktor yang Mempengaruhi Struktur Utang Perusahaan Go Public yang Terdaftar di Bursa Efek Jakarta | Rahardjo | Jurnal Akuntansi dan Bisnis

Analisis Faktor-Faktor yang Mempengaruhi Struktur Utang Perusahaan Go Public yang Terdaftar di Bursa Efek Jakarta

Shiddiq Nur Rahardjo, Berty Hartatiningrum

##article.abstract##


Liabilities is one of company’s sources to fill its fund needs. According to the sources, liability (debt) divided into public debt and private debt. This research was conducted to analyze the influence of variables such as debt maturity, leverage, firm size, liquidity, and dividend payout ratio to the the debt structure of the go-public companies listed in Jakarta Stock Exchange. Besides, this research is also conducted to know the proportion of company’s debt structure. In conducting this research, the authors used purposive sampling method to collect the data with some criteria as follows: (1) Issuing bond at the year of 2000-2004 (2) Not including banking companys (3) Issuing the financial statement in the period of its bond’s issued. The selected samples are 50 companies. The authors used multiple linier regressions as the method of data analysis. Partially and simultanly, to determine the influence of independent variables, the writer used t-test and F-test with level of significance 5%. The result showed that there are three independent variables that proven has influence partially to the company’s debt structure; firm size, liquidity, and dividend payout ratio. The result of F-test showed that all of the independent variables used in this research have significance influence to the company’s debt structure.

References


Aliansyah, M.Noor. 2001. Pengaruh Struktur Modal Terhadap Nilai Saham. Usahawan 30 (1), Januari.

Antoniou, Antonios; Yilmaz Guney; dan Khrisna Paudyal. 2003. The Determinants of Corporate Debt Ownership Structure: Evidence from Market-based and Bank-based Economies. http://www.SSRN.com

Carey, Mark; Mitch Post; and Steven A.Sharpe. 1998. Does Corporate Lending by Banks and Finance Companies Differ? Evidence on Specialization in Private Debt Contracting. Journal of Finance 53: pp. 845-878.

Denis, D.D and V.T. Mihoy. 2002. The Choice Among Bank Debt, Non-Bank Private Debt and Public Debt: Evidence From New Corporate Borrowings, http://www.SSRN.com.

Fidyati, Nisa. 2003. Faktor-faktor yang Mempengaruhi Kebijakan Hutang Perusahaan. KOMPETENSI 1 (1): pp. 17-34. Januari.

Ghozali, Imam. 2005.Aplikasi Analisis Multivariate dengan Program SPSS. Semarang: Badan Penerbit UNDIP.

Ghozali, Imam dan Anis Chairiri. 2003. Teori Akuntansi. Edisi Revisi. Semarang: BPFE UNDIP.

Ghozali, Imam dan Mohamad Nasir. 2003. Handbook Seminar Akuntansi Manajemen. Semarang: FE UNDIP.

Gujarati, Damodar. 1999. Ekonometrika Dasar. Jakarta: Erlangga.

Hartono, Jogiyanto. 1998. Teori Portfolio dan Analisis Investasi. Yogyakarta: BPFE UGM.

Horne, Van. 1995. Financial Management and Policy. Ninth Edition. Prentice-Hall International Inc.

Houston, Joel and Christopher James. 1996. Bank Information Monopolies and the Mix of Private and Public Debt Claims. Journal of Finance 51: pp. 1863-1889.

Husnan, Suad. 2000. Dasar-dasar Manajemen Keuangan. Jakarta: Salemba Empat.

Keown, Robert; D.F. Scott; J.D. Martin; and J.W. Petty. 2000. Dasar-dasar Manajemen Keuangan. Jakarta: Salemba Empat.

Kieso, Donald E. dan Jerry J. Weygant. 1995. Akuntansi Intermediate. Edisi Ketujuh. Jakarta: Binarupa Aksara.

Krishnaswami, Sudha; Paul A. Spindt; and Venkat Subramaniam. 1999. Information Asymmetri, Monitoring and the Placement Structure of Corporate Debt. Journal of Financial Economics 51: pp. 407-434.

Mutamimah. 2003. Analisis Struktur Modal pada Perusahaan-perusahaan Non Finansial yang Go Publik di Pasar Modal Indonesia. Jurnal Bisnis Strategi 11: pp. 71-82. Juli.

Myers, Stewart C. 1984. The Capital Structure Puzzle. Journal of Finance 39: pp. 575-592.

Riyanto, Bambang. 1995. Dasar-dasar Pembelanjaan Perusahaan. Yogyakarta: BPFE UGM.

Sofiati. 2001. Pengaruh Timbal Balik Antara Utang dan Ekuitas Terhadap Struktur Modal Perusahaan-perusahaan Go Publik di Bursa Efek Jakarta. KOMPAK 1: pp. 40-56. Januari.

Sumariyah. 2000. Pengantar Pengetahuan Pasar Modal, Yogyakarta: UPP AMP YKPN.




DOI: http://dx.doi.org/10.20961/jab.v6i1.32

Jurnal Akuntansi dan Bisnis (JAB)
ISSN 1412-0852 (print), 2580-5444 (online)
Published by Accounting Study Program, Faculty of Economics and Business, Universitas Sebelas Maret, Indonesia


Creative Commons License
JAB on http://jab.fe.uns.ac.id/index.php/jab is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License

Visitor Statistic