The Effect of Debt Ratio on Invesment Opportunity Set

Authors

  • Sri Hermuningsih Universitas Sarjanawiyata Tamansiswa
  • Pristin Prima Sari Universitas Sarjanawiyata Tamansiswa
  • Anissa Dewi Rahmawati Universitas Sarjanawiyata Tamansiswa

Keywords:

Debt, Investment Opportunity Set (IOS), IDX

Abstract

The Study aims to investigate empirical evidence a proxy of the effect debt on Invesment Opportunity Set (IOS). The study used proxies of IOS such as Ln(Investment), Income to Investment, Investment to Fixed Asset and Fixed Asset to total asset. Research Methodology used linier regression analysis by SPSS IBM 20. The study found that debt decrease investment cash flow eventhough debt increase income and fixed asset. Leverage Firms tend to decrease cash flow for investment eventhough firms interest in buying fixed asset. The beneficial of study such as a mapping the rate of debt dan investment policy, developing scientific of financial and stock trading policy for investor.

References

Endiana, I Dewa Made. (2015). Analisis Faktor-Faktor Yang Berpengaruh Terhadap Keputusan Investasi Dengan Growth Opportunity Sebagai Moderating Variabel Universitas Mahasaraswati Denpasar.

Hanafi, Mamduh. (2008). Dasar-dasar manajemen keuangan. Yogyakarta : BPFE

Lestari, Diyan Dan Meliana, Vina. (2018). Keputusan Investasi Ditinjau Dari Ketidakpastian Politik, Siklus Bisnis, Growth Opportunities Dan Leverage. Jurnal Optimum , Volume 8, Nomor 2 September 2018.

Rinofah, Risal. (2018). Arus Kas, Cash Holding, Kendala Pendanaan Dan Investasi Di Indonesia. AdBispreneur : Jurnal Pemikiran dan Penelitian Administrasi Bisnis dan Kewirausahaan, Vol.3, No. 2, Agusutus 2018, DOI : https://doi.org/10.24198/adbispreneur.v3i2.19003 ,hal.169-175

________. (2016). Cash Flow, Profitability, Financial Constraint And Invesment In Indonesia. Sebelas Maret Business Review Volume 1 Issue 1.

Sandiar, Lucita. (2017). Growth Opportunity Dalam Memoderasi Pengaruh Leverage Dan Debt Maturity Terhadap Keputusan Investasi . Journal of Applied Business and Economics Vol. 3 No. 4 (Jun 2017) 196-206

Downloads

Published

2021-02-13

Issue

Section

Artikel