Open AccessKINERJA KEUANGAN, KINERJA SAHAM DAN STRUKTUR MODAL DI INDONESIA
Author(s) -
Nera Marinda Machdar
Publication year - 2018
Publication title -
media riset akuntansi, auditing and informasi
Language(s) - English
Resource type - Journals
ISSN - 2442-9708
DOI - 10.25105/mraai.v18i2.3069
Subject(s) - stock exchange , capital structure , business , pecking order theory , panel data , principal–agent problem , stock (firearms) , accounting , business administration , finance , econometrics , economics , debt , engineering , corporate governance , mechanical engineering
This study addresses the role of the company's financial performance on the company's stock performance, and investigates the role of capital structure as a moderating variable to weaken the effect of the company's financial performance on the company's stock performance. This research uses agency theory and pecking order theory. Panel regression analysis method is used for the data analysis. The data used as the sample of the company is the properti and real estat firms listed in Indonesia Stock Exchange, and the observation period is the year 2011-2016. The number of samples by using purposive samping criteria is available 234 firms-year. The findings of this study is that the company's financial performance has no effect on the company's stock performance, and capital structure can not moderate the effect of the company's financial performance on the company's stock performance.