Factors that Affect the Debt Ratio of Internationalized Nonfinancial Firms
Y.N. Handjaja, B.S. Sutejo, D. Marciano
Available Online 31 January 2020.
- https://doi.org/10.2991/aebmr.k.200127.039How to use a DOI?
- capital structure, internationalization, debt ratio
- This study aims to examine the influence of firm-related factors on the debt ratio as well as the influence of firm-related factors on the non-financial firms listed on the Indonesia Stock Exchange (IDX) over the 2013–2017 period. These factors, including internationalization, firm size, profitability, and tangibility, were tested their relationship with a debt ratio of firms by using the Fixed Effects Model data. The results showed that profitability and tangibility are positively related to debt ratio, while internationalization and firm size are negatively related to debt ratio. The findings are related to the trade-off theory and pecking-order theory.
- Open Access
- This is an open access article distributed under the CC BY-NC license.
Cite this article
TY - CONF AU - Y.N. Handjaja AU - B.S. Sutejo AU - D. Marciano PY - 2020 DA - 2020/01/31 TI - Factors that Affect the Debt Ratio of Internationalized Nonfinancial Firms BT - Proceedings of the 17 th International Symposium on Management (INSYMA 2020) PB - Atlantis Press SP - 191 EP - 194 SN - 2352-5428 UR - https://doi.org/10.2991/aebmr.k.200127.039 DO - https://doi.org/10.2991/aebmr.k.200127.039 ID - Handjaja2020 ER -