杠杆调整速度:以印尼为例

Proceedings of the 7th Sriwijaya Economics, Accounting, and Business Conference (SEABC 2021) Pub Date : 1900-01-01 DOI:10.2991/aebmr.k.220304.034

Salmadhia Putri Adiba

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引用次数: 0

摘要

本文利用印尼证券交易所(IDX) 2010 - 2019年的数据，研究了印尼非金融类上市公司达到最优目标杠杆的企业杠杆调整速度。本文采用广义矩法(GMM)面板模型来估计调整速度值。我们发现印度尼西亚的企业被证明会调整其资本结构以达到最佳杠杆率。在观察所有行业和分割行业的观察时，两者都使用账面杠杆和市场杠杆。本研究不仅对现有的资本结构研究文献有所贡献，而且对公司管理者的决策也有一定的帮助，这与影响公司最优目标杠杆率调整速度的因素有关。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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Leverage Adjustment Speed: Evidence in Indonesia

ABSTRACT Using data from Indonesia Stock Exchange (IDX) during 2010 – 2019, this study investigates the speed of adjustment on the corporate leverage in reaching the optimal target leverage of the non-financial listed firms in Indonesia. This study cites the Generalized Moment Method (GMM) panel model to estimate the speed of adjustment value by. We found that firms in Indonesia are proven to adjust their capital structures to reach their optimal leverage ratios. Both use book leverage and market leverage, in observing all sectors and in split sectoral observations. This research has implications to contributes to the existing literature of the capital structure, and also to help company managers in their decision making, related to the factors affecting the speed of adjustment of firms’ optimal target leverage ratios.

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Proceedings of the 7th Sriwijaya Economics, Accounting, and Business Conference (SEABC 2021)

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