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dc.contributor.authorSadalia, Isfenti
dc.contributor.authorSimanjuntak, Saroha
dc.contributor.authorButar-Butar, Novi Andrani
dc.date.accessioned2018-08-07T09:26:32Z
dc.date.available2018-08-07T09:26:32Z
dc.date.issued2017
dc.identifier.otherIndra
dc.identifier.urihttp://repository.usu.ac.id/handle/123456789/69472
dc.descriptionIsfenti Sadaliaid
dc.description.abstractThis study used determinant variables of capital structure. The determinant variables of capital structure are profitability, asset tangibility, growth rate, firm size, non-debt tax shield as independent variables, capital structure as intervening variable and company value as dependent variable. The five variables were used to measure company value directly and also indirectly through capital structure in manufacturing companies in Southeast Asia represented by Indonesia, Malaysia, Singapore, Philippines and Thailand. This study used 211 companies as secondary data and used Eviews application as testing tool. The results of the study indicate that partially in Indonesia, none of the independent variables significantly affect capital structure but growth rate has significant positive effect on firm value. In Malaysia, profitability has significant negative effect on capital structure; firm size has significant positive effect on capital structure; profitability has significant positive effect on firm value; non-debt tax shield has significant negative effect on firm value. In Singapore, firm size has positive and significant impact on capital structure and firm size also has significant positive effect on firm value. In Philippines, asset tangibility has positive effect on capital structure but none of the independent variables affect company value. In Thailand, profitability has significant negative effect on capital structure; firm size has positive effect on capital structure; non-debt tax shield has significant negative effect on company value.id
dc.language.isoenid
dc.subjectProfitabilityid
dc.subjectAsset Tangibilityid
dc.subjectGrowth Rateid
dc.subjectFirm Sizeid
dc.subjectNon-Debt Tax Shieldid
dc.subjectCapital Structureid
dc.subjectFirm Valueid
dc.titleAn Analysis of the Determinants of Capital Structure and their Influence on Firm Value (A Case Study on Manufacturing Companies Investors in Southeast Asia)id
dc.typeLecture Papersid


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