ANALISIS HERDING PADA KEPUTUSAN STRUKTUR MODAL PERUSAHAAN NON FINANCE YANG TERDAFTAR DI BEI PERIODE 2008 s.d 2012

NOVANTINA, YESSY (2014) ANALISIS HERDING PADA KEPUTUSAN STRUKTUR MODAL PERUSAHAAN NON FINANCE YANG TERDAFTAR DI BEI PERIODE 2008 s.d 2012. S2 thesis, Universitas Negeri Jakarta.

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Abstract

This study was conducted to examine the existence of herding behavior taken by managers of companies associated with the capital structure measured by Debt to Equity Ratio and the Leverage Ratio. This study is based on herding behavior committed by followers of the capital structure decisions taken by the industry leader in non-finance. Leader measured by the presence of the highest value in the size of the company. Aside from following the behavior of the leader, this study also measured the relationship between the decision four years ago with the decision taken on this year. Sampled period is the period 2008-2012. This study use multiple regression analysis to test the classical assumption first. Test these assumptions are multicollinearity test, normality test, heteroskedasitas test, and autocorrelation test. While the F-test, t-test and adjusted R Square used as benchmarks to determine the relationship between follower behavior against decisions taken by the leader. The results of the testing of hypothesis 1b states that leverage the company to leverage corporate leaders influence followers. Thus, this study also found herding behavior based on the reputation of the company's capital structure determination in Indonesia when viewed from the leverage. The results of the testing of hypotheses 2a states that the debt-to-equity ratio of the company four years earlier effect on the debt-to-equity ratio of the company in 2012 Thus, this study managed to find herding behavior based on past information on the company's capital structure decisions in Indonesia when viewed from debt to equity ratio.

Item Type: Thesis (S2)
Additional Information: Pembimbing I: Dr. Hj. Hamidah, SE., M.Si Pembimbing II: Dr. Endri, SE. ME
Subjects: Teknologi dan Ilmu-Ilmu Terapan (Technology and Applied Science) > Manajemen (Management and Auxiliary Service) > Manajemen Umum (General Management) > Manajemen Keuangan (Financial Management)
Divisions: Fakultas Ekonomi > S2 Magister Manajemen
Depositing User: Users 16 not found.
Date Deposited: 15 Nov 2017 08:13
Last Modified: 15 Nov 2017 08:13
URI: http://repository.fe.unj.ac.id/id/eprint/493

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