Sukirno, DS EVALUASI KEPUTUSAN DEBT FINANCING PERUSAHAAN GO PUBLIC 1992-1996. Jurnal Penelitian Humaniora, 7 (1).
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Abstract
The sustainability of Indonesian economic crisis happened because of multifactors. One of those is called non-performing loans that are borned from debt financing done by companies. This research intend to know appropriateness of debt financing decision in go public companies in Indonesia from the stand point of stockholder interest. Research samples were drawn purposively from Indonesian Capital Market Directory 1995 and 1997. Companies selected were published financial statements respectively from 1992 to 1996. Hypothesis was tested by mean values of debts and losses affected by interest expenses exceed from companies profit. Based on this research analysis can be drawn two main conclusions, that are (1) before economic crisis happened, total of debt financing done by companies was bigger than total of their equity financing (2) before economic crisis happened, companies pay more interest expenses than profit reported Based on the two relationship conclusions, debt financing decided by management was inappropriate in relation to business continuity concept.
| Item Type: | Article |
|---|---|
| Subjects: | Perpustakaan |
| Divisions: | Perpustakaan |
| Depositing User: | Users 93 not found. |
| Date Deposited: | 05 Sep 2012 16:29 |
| Last Modified: | 05 Sep 2012 16:29 |
| URI: | http://eprints.uny.ac.id/id/eprint/5072 |
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