test of speed of adjustment towards the capital structure in indonesia telecommunication industry
Clicks: 166
ID: 193791
2017
Article Quality & Performance Metrics
Overall Quality
Not rated
Combines reader engagement with the AI quality analysis. This
article has not been analysed, so there is no overall score —
reader engagement is measured and shown alongside.
Reader Engagement
Steady Performance
30.0
/100
166 views
29 readers
AI Quality Assessment
Not analyzed
Readership in this journal
SteadyRanked #53 of 99 articles by views in Biomolecules
Most read
Least read
Bar heights use a square-root scale.
Mint this article as an NFT
Not yet mintedCreate a permanent, verifiable on-chain record of this article on the Scimatic Network. The NFT is held in your Journament account, and you can withdraw it to your own wallet at any time.
5
SUSD
one-off · no wallet required
Abstract
The purpose of this research was to test whether or not the pecking order theory occurred in telecommunication
industry in Indonesia and also in its speed of adjustment. Using the purposive sampling method and taking 7
years period of data collection from 2006 up to 2012, the data were gathered from the companies’ financial
statement. The data were analyzed using the random effect model of Hausman test with interest bearing debt as
its dependent variable and deficit as its independent variable. Finding from this research showed that pecking
order theory was not applied in the telecommunication industry in Indonesia and it was quite different from the
finding of Huang & Ritter (2009) that publicly traded firms in US adjusted to their target leverage at a
moderate speed with a period of 3.9 years. It also discovered that the fastest growth of the speed of adjustment
was shown by XL Axiata with -493.96% per year, and then Bakrie Telecom with -65.62%. Indosat and Telkom
Indonesia showed a different behavior with a slower speed of adjustment Indosat with 13.22%, and Telkom
Indonesia with 274.14% slower.
industry in Indonesia and also in its speed of adjustment. Using the purposive sampling method and taking 7
years period of data collection from 2006 up to 2012, the data were gathered from the companies’ financial
statement. The data were analyzed using the random effect model of Hausman test with interest bearing debt as
its dependent variable and deficit as its independent variable. Finding from this research showed that pecking
order theory was not applied in the telecommunication industry in Indonesia and it was quite different from the
finding of Huang & Ritter (2009) that publicly traded firms in US adjusted to their target leverage at a
moderate speed with a period of 3.9 years. It also discovered that the fastest growth of the speed of adjustment
was shown by XL Axiata with -493.96% per year, and then Bakrie Telecom with -65.62%. Indosat and Telkom
Indonesia showed a different behavior with a slower speed of adjustment Indosat with 13.22%, and Telkom
Indonesia with 274.14% slower.
| Reference Key |
hendrawan2017jurnaltest
Use this key to autocite in the manuscript while using
SciMatic Manuscript Manager or Thesis Manager
|
|---|---|
| Authors | ;Riko Hendrawan;Dwipanca Adi Nugraha |
| Journal | Biomolecules |
| Year | 2017 |
| DOI |
DOI not found
|
| URL | |
| Keywords |
Citations
No citations found. To add a citation, contact the admin at info@scimatic.org
Comments
No comments yet. Be the first to comment on this article.