Gery Lusiano Firmansah (2021) Militarily Connected Firm, Thin Capitalization Policy, And Debt To Equity Ratio. Skripsi thesis, UNIVERSITAS AIRLANGGA.
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Abstract
This study aims to examine the association militarily connected firm, thin capitalization policy, and debt to equity ratio using a sample of 1039 from 394 firm-year observations listed on the IDX on period 2012 - 2019. Testing carries out by multiple linear regression through STATA 14.0. The results show that the militarily connected firm has significantly positive association with debt to equity ratio. This indicates that firms with military connection have a higher debt to equity ratio than firms without military connection. This study also finds that militarily background director has significantly positive association with debt to equity ratio. This indicates that militarily background director tend to use debt financing intensively. After the existence thin capitalization policy, the PMK 169 / PMK.010 / 2015 weakens the association between militarily background director and debt to equity ratio. This study contributes to the academic literature on militarily connected firm, thin capitalization policy, and debt to equity ratios. In addition, this research is also expected to be able to contribute to firm in determining the optimum debt policy decision through director appointment. The limitation in this study is that the resources of military connection proxy only from board profile in annual report
| Item Type: | Thesis (Skripsi) | ||||||
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| Additional Information: | KKB KK-2 FH.202/21 Fir m | ||||||
| Uncontrolled Keywords: | Militarily connected firm, Thin Capitalization Policy, Debt to Equity Ratio | ||||||
| Subjects: | K Law > K Law (General) > K1-7720 Law in general. Comparative and uniform law. Jurisprudence > K(520)-5582 Comparative law. International uniform law > K1000-1395 Commercial law | ||||||
| Divisions: | 03. Fakultas Hukum | ||||||
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| Depositing User: | sugiati | ||||||
| Date Deposited: | 12 Jul 2021 06:37 | ||||||
| Last Modified: | 12 Jul 2021 06:37 | ||||||
| URI: | http://repository.unair.ac.id/id/eprint/108622 | ||||||
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