Factors that Affect the Debt Ratio of Internationalized Nonfinancial Firms

DOI

10.2991/aebmr.k.200127.039How to use a DOI?

Keywords

capital structure, internationalization, debt ratio

Abstract

This study aims to examine the influence of firm-related factors on the debt ratio as well as the influence of firm-related factors on the non-financial firms listed on the Indonesia Stock Exchange (IDX) over the 2013–2017 period. These factors, including internationalization, firm size, profitability, and tangibility, were tested their relationship with a debt ratio of firms by using the Fixed Effects Model data. The results showed that profitability and tangibility are positively related to debt ratio, while internationalization and firm size are negatively related to debt ratio. The findings are related to the trade-off theory and pecking-order theory.

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  - Y.N. Handjaja
AU  - B.S. Sutejo
AU  - D. Marciano
PY  - 2020
DA  - 2020/01/31
TI  - Factors that Affect the Debt Ratio of Internationalized Nonfinancial Firms
BT  - Proceedings of the 17 th International Symposium on Management (INSYMA 2020)
PB  - Atlantis Press
SP  - 191
EP  - 194
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.200127.039
DO  - 10.2991/aebmr.k.200127.039
ID  - Handjaja2020
ER  -