Analisis Pengaruh Moderating Investment Opportunity Set dengan Kebijakan Dividendserta Moderating Investment Opportunity Set dengan Arus Kas Bebas terhadap Tingkat LeveragePerusahaan Makanan dan Minuman yang Terdaftar di BEI Periode 2003-2007

Journal the Winners

Masruroh Masruroh¹  Lisa Lisa¹  Tinjung Desy Nursanti¹ 

[1] Jurusan Manajemen, Fakultas Ekonomi dan Komunikasi, Binus UniversityJl. KH. Syahdan No. 9, Palmerah, Jakarta Barat 11480.;

关键词: leverage;    investment opportunity set;    dividend policy;    free cash flow;   

DOI  :  10.21512/tw.v12i2.672

来源: DOAJ

【 摘 要 】

This research aims to examine whether there is any influence of investment opportunity set (IOS) on the affiliation between dividend policy and free cash flow to leverage enterprise-level. By using 42 samples of food and beverage companies listed on Indonesia Stock Exchange from 2003 to 2007, it is concluded that the dividend policy does not affect the company's leverage. However, the dividend policy together with investment opportunity set affect the level of corporate leverage. Free cash flow affects the level of corporate leverage. In the meantime, free cash flow to the investment opportunity set (IOS) also influences the level of corporate leverage, the dividend policy and free cash flow effect on the level of corporate leverage. Meanwhile, the dividend policy, free cash flow, investment opportunity set simultaneously affect the level of corporate leverage.

【 授权许可】

Unknown