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Proceedings of the 1st International Conference on Business, Law And Pedagogy, ICBLP 2019, 13-15 February 2019, Sidoarjo, Indonesia

Research Article

Pecking Order Theory as a Strengthening Capital Structure

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  • @INPROCEEDINGS{10.4108/eai.13-2-2019.2286027,
        author={Marista  Oktaviani and Mochamad  Mochklas and Ezif Moh Fahmi},
        title={Pecking Order Theory as a Strengthening Capital Structure},
        proceedings={Proceedings of the 1st International Conference on Business, Law And Pedagogy, ICBLP 2019, 13-15 February 2019, Sidoarjo, Indonesia},
        publisher={EAI},
        proceedings_a={ICBLP},
        year={2019},
        month={10},
        keywords={capital structure return on equity current ratio growth dividend policy},
        doi={10.4108/eai.13-2-2019.2286027}
    }
    
  • Marista Oktaviani
    Mochamad Mochklas
    Ezif Moh Fahmi
    Year: 2019
    Pecking Order Theory as a Strengthening Capital Structure
    ICBLP
    EAI
    DOI: 10.4108/eai.13-2-2019.2286027
Marista Oktaviani1,*, Mochamad Mochklas1, Ezif Moh Fahmi1
  • 1: Universitas Muhammadiyah Surabaya
*Contact email: maristaokta48@gmail.com

Abstract

The purpose of this study is to determine the pecking order theory as a reinforcement of capital structure based on consumption sector companies that are listed on the IDX. This research uses dividend policy moderation which influences growth on capital structure. The 2014-2017 research period collected data using documentation techniques with a sample of 122 consumption sector companies listed on the IDX, data analysis using WarpPLS. The results of ROE and Current Ratio have a significant positive effect on capital structure, growth has a positive but not significant impact on the capital structure, and dividend policy cannot moderate the growth of capital structure.

Keywords
capital structure return on equity current ratio growth dividend policy
Published
2019-10-16
Publisher
EAI
http://dx.doi.org/10.4108/eai.13-2-2019.2286027
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