ANALYSIS OF EFFECT OF INVESTMENT OPPORTUNITY SET, FREE CASH FLOW, CORPORATE GOVERNANCE AND FIRM SIZE ON DEBT POLICY

Saiful, Saiful and Baihaqi, Baihaqi and Iriani, Alnita (2014) ANALYSIS OF EFFECT OF INVESTMENT OPPORTUNITY SET, FREE CASH FLOW, CORPORATE GOVERNANCE AND FIRM SIZE ON DEBT POLICY. In: Borderless Economy: Opportunities and Challenges for Businesses in Southeast Asia, 13-14 October 2011, Fakultas Ekonomi, Universitas Bengkulu.

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Abstract

The purpose of this study is to find empirical evidence of the influencing of investment opportunity set, free cash flow, corporate governance, and firm size on debt policy of Indonesian public listed companies. Based on the purposive sampling method, 52 observations were selected as a sample of this study.This study found that investment opportunity set negatively influence debt policy. It means if the growth of company is high, the agency problem tends to be low, because the companies’ free cash flow is low, and therefore, the control with debt policy was not needed. This study also found that corporate governance positively influence to debt policy. It means that the better corporate governance practice lead to increase debt because of easier to get funding supplier.

Item Type: Conference or Workshop Item (Paper)
Subjects: H Social Sciences > H Social Sciences (General)
Divisions: Faculty of Economy > Department of Management
Depositing User: 021 Nanik Rahmawati
Date Deposited: 01 Apr 2014 11:29
Last Modified: 01 Apr 2014 11:29
URI: http://repository.unib.ac.id/id/eprint/7065

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