IDEAS home Printed from https://ideas.repec.org/a/uii/jsbuii/v17y2013i1p56-68id3608.html
   My bibliography  Save this article

Debt Capacity Dan Pengujian Teori Pecking Order Pada Perusahaan Yang Terdaftar Di Bursa Efek Indonesia Tahun 2006-2010

Author

Listed:
  • Andi Dwi Kurnia Nugraha
  • B. Yuliarto Nugroho

Abstract

This research discusses about debt capacity of the firms and the test of pecking order theory of non-financial firms listed at Indonesia Stock Exchange from 2006-2010. Classification of firms by its debt capacity is needed to examine the relationship between financing deficit towards long-term debt issue according to the pecking order model. The result shows that classifying firms by its debt capacity made a significant improvement of pecking order model to distinguish financing decision of the firms. Firms with high level of debt capacity prefer to issue debt than firms with low level of debt capacity when facing financing deficit.Keywords: Debt capacity, financing deficit, pecking order theory, bond ratingAbstrakPenelitian ini membahas tentang kapasitas hutang perusahaan dan menguji teori pecking order dari perusahaan-perusahaan non-keuangan yang terdaftar di Bursa Efek Indonesia tahun 2006-2010. Klasifikasi perusahaan dengan kapasitas hutang diperlukan untuk menguji hubungan antara defisit pembiayaan terhadap masalah hutang jangka panjang sesuai dengan model pecking order. Hasil penelitian menunjukkan bahwa pengklasifikasian perusahaan dengan kapasitas hutang membuat perbaikan yang signifikan terhadap model pecking order untuk membedakan keputusan pembiayaan perusahaan. Perusahaan-perusahaan dengan tingkat kapasitas hutang yang tinggi lebih memilih untuk mengeluarkan (menerbitkan) hutang dari pada perusahaan dengan tingkat kapasitas hutang yang rendah ketika perusahaan tersebut menghadapi defisit dalam pembiayaannya.Kata kunci: kapasitas hutang, defisit pembiayaan, teori pecking order

Suggested Citation

  • Andi Dwi Kurnia Nugraha & B. Yuliarto Nugroho, 2013. "Debt Capacity Dan Pengujian Teori Pecking Order Pada Perusahaan Yang Terdaftar Di Bursa Efek Indonesia Tahun 2006-2010," Jurnal Siasat Bisnis, Management Development Centre (MDC) Department of Management, Faculty of Business and Economics Universitas Islam Indonesia, vol. 17(1), pages 56-68.
    • Handle: RePEc:uii:jsbuii:v:17:y:2013:i:1:p:56-68:id:3608
    as

    Download full text from publisher

    File URL: https://journal.uii.ac.id/JSB/article/view/3608/3213
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:uii:jsbuii:v:17:y:2013:i:1:p:56-68:id:3608. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ana Yuliani (email available below). General contact details of provider: https://journal.uii.ac.id/JSB/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.