期刊名称：International Research Journal of Business Studies
印刷版ISSN：2089-6271
电子版ISSN：2338-4565
出版年度：2008
卷号：1
期号：1
页码：35-52
语种：English
出版社：Prasetiya Mulya Publishing
摘要：This article explores determinant of capital structure in Indonesia.Empirical study using Regression in model is done by includingvariable suggested by Trade of Theory, Pecking Order Theory, andcombination of those theories. The result shows that determinantfactors in the Trade of Theory have more ability to explain the capitalstructure than deficit cash flow factor in pecking order theory. Othervariables that are also significant are firm size and collateral capacity.Its is possible that rejection of Pecking Order Theory is due to markettiming argument in long term financing.
关键词：leverage;pecking order theory;trade-off theory;capital structure;size and tangible fxed asset
