Research Article
Pecking Order Theory as a Strengthening Capital Structure
@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
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.
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