Capital Structure, Ownership Structure, and Firm Size: It’s Implication on Agency Cost (A Study in Indonesia Manufacturing Company)

DOI

10.2991/aebmr.k.200305.153How to use a DOI?

Keywords

capital structure, ownership structure, firm size, agency cost

Abstract

This research examined the influence of capital structure, ownership structure, and firm size on agency costs in manufacturing companies listed on the Indonesia Stock Exchange. The capital structure is measured using Debt to Equity Ratio (DER) and Long Term Debt Equity Ratio (LTDER). The ownership structure is measured by institutional ownership and foreign ownership while company size is measured using Ln total assets. The population in this study are all manufacturing companies listed on the Indonesia Stock Exchange (IDX) from 2013-2018. The sampling technique used purposive sampling so that the number of samples in this study was 478. The method of data analysis used multiple linear regression. The results showed that DER had a positive and significant effect and LTDER had a negative and significant effect. Institutional ownership has positive and significant influence and foreign ownership has a positive and not significant effect. Firm size has a positive and significant effect

Copyright

© 2020, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Yolandafitri Zulvia
AU  - Vanica Serly
PY  - 2020
DA  - 2020/03/10
TI  - Capital Structure, Ownership Structure, and Firm Size: It’s Implication on Agency Cost (A Study in Indonesia Manufacturing Company)
BT  - Proceedings of the 4th Padang International Conference on Education, Economics, Business and Accounting (PICEEBA-2 2019)
PB  - Atlantis Press
SP  - 873
EP  - 882
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.200305.153
DO  - 10.2991/aebmr.k.200305.153
ID  - Zulvia2020
ER  -