Proceedings of the 5th Padang International Conference On Economics Education, Economics, Business and Management, Accounting and Entrepreneurship (PICEEBA-5 2020)

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Is a Conservative Company More Wanted?

Comparative Analysis of the Stock Performance of Low-Debt Firms and High-Debt Firms in Indonesia

Authors
Ely Siswanto, Nur Rochmad Jufri
Corresponding Author
Ely Siswanto
Available Online 27 November 2020.
DOI
10.2991/aebmr.k.201126.004How to use a DOI?
Keywords
Stock performance, low-debt firm, high-debt firm
Abstract

Debt can increase firms value in the view of investor, but it can also decrease firms value in their view. This study aims to test whether there are performance differences of low debt firms with the high debt firms. The population in this study is all of manufacturing company listed on the Indonesia Stock Exchange in 2009-2016. This study uses independent sample t-test to analys performance differences of 355 low-debt firm and 277 high-debt firm. The results showed a significant difference between PER and PBV of low-debt firms with PER and PBV of high-debt firms. Based on the value of Mean Rank, the low-debt firm higher than the high-debt firm, so otherwise, the stock of the low-debt firm is more wanted than high-debt firms.

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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Volume Title
Proceedings of the 5th Padang International Conference On Economics Education, Economics, Business and Management, Accounting and Entrepreneurship (PICEEBA-5 2020)
Series
Advances in Economics, Business and Management Research
Publication Date
27 November 2020
ISBN
978-94-6239-280-9
ISSN
2352-5428
DOI
10.2991/aebmr.k.201126.004How to use a DOI?
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/).

Cite this article

risenwbib
TY  - CONF
AU  - Ely Siswanto
AU  - Nur Rochmad Jufri
PY  - 2020
DA  - 2020/11/27
TI  - Is a Conservative Company More Wanted?
BT  - Proceedings of the 5th Padang International Conference On Economics Education, Economics, Business and Management, Accounting and Entrepreneurship (PICEEBA-5 2020)
PB  - Atlantis Press
SP  - 24
EP  - 29
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.201126.004
DO  - 10.2991/aebmr.k.201126.004
ID  - Siswanto2020
ER  -