IDEAS home Printed from https://ideas.repec.org/a/uii/jsbuii/v1y2004i9id1007.html
   My bibliography  Save this article

Analisis Simultanitas Kebijakan Hutang dan Kebijakan Maturitas Hutang serta Faktor-Faktor yang Mempengaruhinya

Author

Listed:
  • Sunarsih Sunarsih

Abstract

This study is aimed to test the relationship between leverage and debt maturity policies, and to reveal the factors influencing on simultaneity analysis of leverage and debt maturity policies on Indonesia manufacture industry. This specific study took 130 firms, which were listed in Jakarta Stock Exchange from 1994 until 1998, as its sample. Data are gathered through pooling data. The endogenous variables that are used in this study are: leverage and debt maturity. While the exogenous variable are: (1) invistment opportunity set, (2) firm size, (3) signaling effect, (4) non debt–tax shiled and (5) asset maturity. Using two-stage least square (2SLS) as method analysis, the result of the analysis shows that firm size and non debt–tax shield have significant influence on leverage policy, but inconsistent with the hypothesis. While firm size, signaling effect, and asset maturity have significant ifluence on debt maturity policy. This study revealed the com¬plement relationship between leverage and debt maturity. It mean that both policies have simultaneous relation¬ship positively.Keyword: Simultaneity, leverage, debt maturity, invistment opportunity set, firm size, signaling effect, non debt–tax shiled, and asset maturity.

Suggested Citation

  • Sunarsih Sunarsih, 2004. "Analisis Simultanitas Kebijakan Hutang dan Kebijakan Maturitas Hutang serta Faktor-Faktor yang Mempengaruhinya," Jurnal Siasat Bisnis, Management Development Centre (MDC) Department of Management, Faculty of Business and Economics Universitas Islam Indonesia, vol. 1(9).
    • Handle: RePEc:uii:jsbuii:v:1:y:2004:i:9:id:1007
    as

    Download full text from publisher

    File URL: https://journal.uii.ac.id/JSB/article/view/1007/938
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Hiya, Nirmadarningsih & Sadalia, Isfenti & Fachruddin, Khaira Amalia, 2019. "Determinants of capital structure decisions in Indonesia," MPRA Paper 95521, University Library of Munich, Germany.
    2. Nirmadarningsih Hiya & Isfenti Sadalia & Khaira Amalia Fachruddin, 2019. "Determinants Of Capital Structure Decisions In Indonesia," Junior Scientific Researcher, SC Research Publishing SRL, vol. 5(1), pages 38-54, May.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:uii:jsbuii:v:1:y:2004:i:9:id:1007. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ana Yuliani (email available below). General contact details of provider: https://journal.uii.ac.id/JSB/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.