Implikasi market timing pada struktur modal perusahaan

Susilawati, C. Erna (2012) Implikasi market timing pada struktur modal perusahaan. Jurnal Manajemen, 16 (1). p. 1. ISSN 1410-3583

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Abstract

Equity market timing appears to be an important aspect of real corporate financial policy. Many corporate financing decisions depend on market valuation. Firm tend to issue equity instead of debt when market value is high and repurchase equity when market value is low. Issue equity and repurchase equity are component of capital structure. This paper investigate the implied of market timing to capital structure in Indonesian companies. The main finding is market timing effect capital structure. Although the effect is not persistent in the long run, market timing has short run impact of capital structure in Indonesian companies.

Item Type: Article
Uncontrolled Keywords: Market timing, capital structure and mispricing
Subjects: Business > Management
Divisions: Journal Publication
Depositing User: Vincentius Widya Iswara
Date Deposited: 24 Feb 2015 08:27
Last Modified: 24 Feb 2015 08:27
URI: http://repository.wima.ac.id/id/eprint/1505

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