How do firm’s specific factors affect capital structure? Empirical study on 50 biggest market capitalization of the Indonesia stock exchange (2013–2018)

Content Provider	Scilit
Author	Heliola, S. Disman, D. Waspada, I.
Copyright Year	2020
Description	Capital structure decisions are much influenced by firm-specific factors, whereby these factors are supported by the existing Capital Structure Theory. This study aimed to look at how firm-specific factors supporting the Pecking Order Theory from the 50 Biggest Market Capitalization of the Indonesia Stock Exchange for the period 2013–2018. These specific factors chosen were Tangibility Asset, Market to Book Ratio, Size, Profitability, and Liquidity. The results suggest that tangibility asset, profitability, and liquidity were having a negative relationship with the leverage, whereas the market to book ratio was positively related to the leverage. The size in this study did not appear to be significantly related to leverage. The results of this study supported The Pecking Order Theory. Book Name: Advances in Business, Management and Entrepreneurship
Related Links	https://content.taylorfrancis.com/books/download?dac=C2020-0-19950-3&isbn=9781003131465&doi=10.1201/9781003131465-21&format=pdf
DOI	10.1201/9781003131465-21
Language	English
Publisher	Informa UK Limited
Publisher Date	2020-12-07
Access Restriction	Open
Subject Keyword	Book Name: Advances in Business, Management and Entrepreneurship Business and Management Capital Structure Market Leverage Tangibility Specific Factors
Content Type	Text
Resource Type	Chapter