DEBT AND AGENCY CONFLICT IN INDONESIAN MANUFACTURING FIRMS
| Autor: | Hendra Wijaya, Rr. Puruwita Wardani |
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| Jazyk: | English<br />Indonesian |
| Rok vydání: | 2017 |
| Předmět: | |
| Zdroj: | Jurnal Keuangan dan Perbankan, Vol 21, Iss 2, Pp 200-210 (2017) |
| Druh dokumentu: | article |
| ISSN: | 1410-8089 2443-2687 |
| Popis: | Companies in Indonesia have shareholders who are not dispersed or in other words the ownership is only held by one majority shareholder. This study examined the effects of investment decision on the firm value and the debt moderation on the effects of investment decisions on firm value. Debt moderation was used to test the agency conflict of debt use on investment decision. The company samples in this research were 90 companies.This research was conducted by using panel data regression with moderation. This study found that investment decision had a positive effect on firm value and the use of higher debt could lower the positive effect of investment decision on firm value. |
| Databáze: | Directory of Open Access Journals |
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