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MANAGERIAL OPTIMISM AND DEBT FINANCING: CASE STUDY ON INDONESIA’S MANUFACTURING LISTED FIRMS

Memarista, Gesti (2016) MANAGERIAL OPTIMISM AND DEBT FINANCING: CASE STUDY ON INDONESIA’S MANUFACTURING LISTED FIRMS. Jurnal Keuangan dan Perbankan, 20 (03). pp. 438-447. ISSN 1410-8089

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    Abstract

    Managerial’s psychology can affect financial decision in the company. This paper analyzes the influence of managerial optimism on the debt financing by using regression analysis. The dependent variable in this paper is debt financing. The independent variable is managerial optimism and the control variable are firm value, firm size, and firm performance that are occurred in the previous period. The samples used in this study are manufacturing companies that listed in Indonesian Stock Exchange during 2010-2014. The result on this study shows that managerial optimism, firm value, and firm size that are occurred in the previous period have positive significant effect on debt financing, whereas firm performance in the previous period has negative significant impact on debt financing.

    Item Type: Article
    Uncontrolled Keywords: Managerial Optimism, Debt Financing, Firm Value, Firm Size, Firm Performance
    Subjects: H Social Sciences > HG Finance
    Divisions: Faculty of Economic > Finance Management Program
    Depositing User: Admin
    Date Deposited: 03 Jan 2017 22:00
    Last Modified: 14 Mar 2017 17:43
    URI: http://repository.petra.ac.id/id/eprint/17561

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