CD Tesis

Pengaruh Mispricing Terhadap Leverage : Pengujian Hipotesa Teori Market Timing

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Financial decision became crusial for corporate when they need
to funding their investment. One of the choice that manager can take is
Initial Public Offering (IPO). This study analyses the role of discretionary
accruals when coorporate planned to take Initial Public Offering (IPO).
The market timing theory suggests that manager are able to identify
certain windows of opportunity which equity issuance is less costly due to
mispricing.
The aim of this study are to test about the effect of mispricing to
leverage to firm’s capital structure in Indonesia. The empirical tested the
discretionary accruals and leverage at firms which are doing IPO in 2008
to 2016. This study also used control variable, that asset tangibility,
profitability, sales growth and cash holding.
This study find a signicant positive correlation between
discretionary accruals and leverage. This result is differ from prediction.
When firm take cash less than target from the IPO, manager tend to raise
debt. It conclude that discretionary accruals for pre-IPO period can
increase the financial performance and it’s needed either for leverage
increase and preparing IPO.
Keyword : Market Timing, Mispricing, Discretionary Accruals and Initial
Public Offering.

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Ketersediaan

Informasi Detail

Judul Seri

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No. Panggil

10 03. 217 (0062)

Penerbit

Pekanbaru : Universitas Riau – Pasca Sarjana – Magister Manajemen., 2017

Deskripsi Fisik

xv, 140 hlm.; ill.; 29 cm

Bahasa

Indonesia

ISBN/ISSN

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Klasifikasi

10 03. 217 (0062)

Tipe Isi

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Tipe Media

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Tipe Pembawa

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Edisi

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Subjek

PASCASARJANA (MAGISTER) MANAJEMEN

Info Detail Spesifik

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Pernyataan Tanggungjawab

FATAH

Versi lain/terkait

Lampiran Berkas

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