The Effect Of Capital Structure On Firm Performance Of Manufacturing Companies In ASEAN 5 Country

DOI

10.2991/aebmr.k.200606.080How to use a DOI?

Keywords

Capital Structure, Manufacture, Firm Performance, ASEAN 5

Abstract

The purpose of this research was to find the effects of capital structure of manufacturing companies towards firm performance in Asean 5 Country. The research samples are manufacturing companies listed on stock exchanges in Indonesia, Malaysia, Philippines, Singapore, and Thailand. The data, as samples, is obtained from the company’s financial statements from 2014 to 2018. This study uses panel data, which then analyzed by linear regression model analysis. Capital structure that used in this research use 3 variables which are total debt to total asset (TDTA), total debt to total equity (TDTE), and long term debt to total equity (LTDTE) and controlled by asset tangibility, size, and growth. The research found that TDTA affect return on asset negatively significant, TDTA and TDTE affect return on equity negatively significant, and TDTE affect Tobin’s Q not significantly negative.

Copyright

© 2020, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Hilmi Aulia
AU  - Imo Gandakusuma
PY  - 2020
DA  - 2020/06/09
TI  - The Effect Of Capital Structure On Firm Performance Of Manufacturing Companies In ASEAN 5 Country
BT  - Proceedings of the 23rd Asian Forum of Business Education(AFBE 2019)
PB  - Atlantis Press
SP  - 473
EP  - 477
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.200606.080
DO  - 10.2991/aebmr.k.200606.080
ID  - Aulia2020
ER  -