NDLI: The existance of target capital structure on Indonesian firms. A dynamic approach

Content Provider	IEEE Xplore Digital Library
Author	Haron, R.
Copyright Year	2014
Description	Author affiliation: Dept. of Finance, Int. Islamic Univ. Malaysia, Kuala Lumpur, Malaysia (Haron, R.)
Abstract	Very limited studies have been done on the capital structure of Indonesian firms emphasizing on the existence of target capital structure and the affecting determinants and also the speed of adjustment to target leverage. Thus, this study aims to investigate these issues among the firms in Indonesia by using a dynamic model. This study finds that Indonesian firms do employ target capital structure which is influenced by certain firm characteristics like profitability, business risk, firm size and liquidity in their capital structure and they also time their security issuance. Being deviated from target from time to time these firms partially adjust indicating a support for the dynamic trade-off theory. There are also influences of the pecking order and the market timing theories in the capital structure decisions of these firms. This study contributes to the literature by offering insights of the capital structure practice and the adjustment speed to target capital structure of firms in Indonesia and fill the gap in the literature.
Starting Page	302
Ending Page	305
File Size	226142
Page Count	4
File Format	PDF
e-ISBN	9781479937042
DOI	10.1109/ISTMET.2014.6936523
Language	English
Publisher	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Publisher Date	2014-05-27
Publisher Place	Indonesia
Access Restriction	Subscribed
Rights Holder	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Subject Keyword	Profitability Dynamic trade-off Finance Share prices Timing Speed of adjustment Target capital structure Generalized method of moments Investment
Content Type	Text
Resource Type	Article

Sl.	Authority	Responsibilities	Communication Details
1	Ministry of Education (GoI), Department of Higher Education	Sanctioning Authority	https://www.education.gov.in/ict-initiatives
2	Indian Institute of Technology Kharagpur	Host Institute of the Project: The host institute of the project is responsible for providing infrastructure support and hosting the project	https://www.iitkgp.ac.in
3	National Digital Library of India Office, Indian Institute of Technology Kharagpur	The administrative and infrastructural headquarters of the project	Dr. B. Sutradhar bsutra@ndl.gov.in
4	Project PI / Joint PI	Principal Investigator and Joint Principal Investigators of the project	Dr. B. Sutradhar bsutra@ndl.gov.in Prof. Saswat Chakrabarti will be added soon
5	Website/Portal (Helpdesk)	Queries regarding NDLI and its services	support@ndl.gov.in
6	Contents and Copyright Issues	Queries related to content curation and copyright issues	content@ndl.gov.in
7	National Digital Library of India Club (NDLI Club)	Queries related to NDLI Club formation, support, user awareness program, seminar/symposium, collaboration, social media, promotion, and outreach	clubsupport@ndl.gov.in
8	Digital Preservation Centre (DPC)	Assistance with digitizing and archiving copyright-free printed books	dpc@ndl.gov.in
9	IDR Setup or Support	Queries related to establishment and support of Institutional Digital Repository (IDR) and IDR workshops	idr@ndl.gov.in

DETERMINANTS OF CAPITAL STRUCTURE IN NIGERIAN LISTED MANUFACTURING FIRMS: A PANEL GENERALIZED METHOD OF MOMENTS (GMM) APPROACH

The syncretism of capital structure theory: An explanation from adjustment speed of capital structure

Target Capital Structure and Adjustment Speed- a dynamic panel data analysis of Swedish firms

The Existence of Target Capital Structure and Speed of Adjustment: Evidence from Indonesian Public Firms

The global financial crisis and the speed of capital structure adjustment: Evidence from South Africa

Capital Structure Theories and Speed of Capital Adjustment towards Target Capital Structure along Life Cycle Stages of Asian Manufacturing Firms

PROFITABILITY - CAPITAL STRUCTURE TRADE OFF: CASE OF PUBLICLY ROMANIAN COMPANIES

Financial Conservatism and Speed of Adjustment towards Target Capital Structure: Empirical Evidence from Pakistan

Financial conservatism and speed of adjustment towards capital structure: Empirical evidence from Pakistan

The existance of target capital structure on Indonesian firms. A dynamic approach

Similar Documents

DETERMINANTS OF CAPITAL STRUCTURE IN NIGERIAN LISTED MANUFACTURING FIRMS: A PANEL GENERALIZED METHOD OF MOMENTS (GMM) APPROACH

The syncretism of capital structure theory: An explanation from adjustment speed of capital structure

Target Capital Structure and Adjustment Speed- a dynamic panel data analysis of Swedish firms

The Existence of Target Capital Structure and Speed of Adjustment: Evidence from Indonesian Public Firms

The global financial crisis and the speed of capital structure adjustment: Evidence from South Africa

Capital Structure Theories and Speed of Capital Adjustment towards Target Capital Structure along Life Cycle Stages of Asian Manufacturing Firms

PROFITABILITY - CAPITAL STRUCTURE TRADE OFF: CASE OF PUBLICLY ROMANIAN COMPANIES

Financial Conservatism and Speed of Adjustment towards Target Capital Structure: Empirical Evidence from Pakistan

Financial conservatism and speed of adjustment towards capital structure: Empirical evidence from Pakistan

The existance of target capital structure on Indonesian firms. A dynamic approach