ANALISIS PENGARUH KUALITAS CORPORATE GOVERNANCE TERHADAP STRUKTUR MODAL (Studi Empiris pada Perusahaan Nonkeuangan yang Terdaftar di Bursa Efek Indonesia Tahun 2007, 2008, dan 2010)

RIANA, Norma Fetri and SYAFRUDDIN , Muchamad (2014) ANALISIS PENGARUH KUALITAS CORPORATE GOVERNANCE TERHADAP STRUKTUR MODAL (Studi Empiris pada Perusahaan Nonkeuangan yang Terdaftar di Bursa Efek Indonesia Tahun 2007, 2008, dan 2010). Undergraduate thesis, Fakultas Ekonomika dan Bisnis.

[img]
Preview
PDF - Published Version
800Kb

Abstract

The purpose of this study is to examine the influence of corporate governance quality on capital structure of a firm. Governance score and CGPI score are used to measure corporate governance quality, while market leverage and book leverage are used to measure capital structure. Total assets, EBIT ratio, Tobin’s q, fixed asset ratio, non-debt tax shield, credit rating, dividend ratio, industry dummies, and year dummies are used as control variables. The population in this study consists of all listed non-financial firms in Indonesia Stock Exchange in year 2007, 2008, and 2010. The sampling method used in this study is purposive sampling. By doing sampling and processing data, the final amounts of the sample are 60 firms. This study uses linear regression as an analysis technique to examine the hypotheses. The empirical evidence shows that both governance score and CGPI score have significant positive influence on market leverage and book leverage. It means that corporate governance quality has significant positive influence on firm’s capital structure. Firms with good governance are significantly more leveraged

Item Type:Thesis (Undergraduate)
Additional Information:corporate governance quality, capital structure, CGPI, leverage
Uncontrolled Keywords:corporate governance quality, capital structure, CGPI, leverage
Subjects:H Social Sciences > H Social Sciences (General)
Divisions:Faculty of Economics and Business > Department of Accounting
ID Code:42872
Deposited By:Mr. Perpustakaan Fakultas Ekonomi
Deposited On:10 Apr 2014 08:54
Last Modified:10 Apr 2014 08:54

Repository Staff Only: item control page