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ANALISIS DETERMINAN STRUKTUR MODAL PADA SETIAP TAHAP SIKLUS HIDUP PERUSAHAAN
| Detail | |
|---|---|
| Author | LINDANANTY |
| ID | 202.710.194 |
| Published Date | 17-06-2009 |
Abstract
-Abstract This paper examines a company's funding strategy at different life cycle stages. By employing discriminant analysis, we found thet the company uses cash flow, financial risk, non-debt tax shield profitability, uniqueness, sales growth, and company size as variables which differentiate the company's capital structure at each stage of life cycle. Furthermore, only cash flow, sales growth, and financial risk variables which differentiate a company's capital structure significantly at every stages of this cycle. Keyword: Life Cycle of Corporte Financing