The The Effect Of Market Timing On Capital Structure In Non-Financial Companies That Do IPO (Initial Public Offering) on the Indonesia Stock Exchange for the 2010-2017.

International Journal of Environmental, Sustainability, and Social Science

卷:3

Mohammad Athian MANAN¹  MahatmaKUPEFAKSI²  Sri HASNAWATI² 

[1] Magister Management University of Lampung, Indonesia;

[2] University of Lampung, Indonesia;

关键词: Market Timing, Market Timing Persistence, Capital Structure, Initial Public Offering, Profitability, Size, Asset Tanggibility and Growth.;   

DOI  :  

来源: DOAJ

【 摘 要 】

This study aims to determine the effect of market timing on the company's capital structure and to determine whether there is a persistent (long term) effect of market timing on capital structure in the IPO period up to 3 years after the IPO. This study used a purposive sampling method and obtained 102 companies conducting Initial Public Offerings on the IDX for the 2010-2017 period. The data analysis technique used is multiple linear regression analysis. This study also uses four control variables, namely profitability, firm size, asset tangibility and growth. The results of this study indicate that market timing has a significant negative effect on capital structure. This study also shows that in the long term market timing has no effect on capital structure.

【 授权许可】

Unknown