This study was to analyze the effects of managerial ownership, institutional ownership, and profitability on capital strucuture with firm size as the moderating variable. All manufacturing companies of basic industry and chemical sector listed on Indonesia Stock Exchange during the period of 2014-2017 were the population of the study. There were 66 taken as the samples by using purposive sampling technique. There were 39 companies as research samples and 115 as unit of analysis. Data were collected by documentation method. Then, data were analyzed by using descriptive statistics and inferential statistics. The results of the study indicated that managerial ownership and institutional ownership did not significantly affect capital structure, but profitability had a negative and significant effect on capital structure. Firm size did not have any moderating effect between managerial ownership and profitability on capital strucuture, but firm size moderated the effect between institutional ownership and capital structure. It was concluded that only profitability significantly influenced capital structure, and firm size was able to moderate the effect between institutional ownership and capital structure.
This study aims to determine the effect of Regional Original Income (PAD), General Allocation Fund (DAU), Special Allocation Fund (DAK), and Profit Sharing Fund (DBH) on the allocation of Capital Expenditures. This research is a causal associative design research and the type of data used is quantitative data. The data used is obtained from the Regional Budget Realization Report which has been published on the official website as well as from the Regional Government Financial Report (LKPD) document submitted to the Supreme Audit Agency (BPK) of North Sumatra Province. The population of this study were all districts / cities in North Sumatra Province consisting of 25 District Governments and 8 City Governments in the period 2010 to 2019. The sample of this study was determined using saturated sampling. The technique used is multiple linear regression analysis of panel data. The results of this study indicate that simultaneously PAD, DAU, DAK, and DBH have a significant effect on the allocation of capital expenditures in the districts and cities of North Sumatra Province. Partially, PAD has a positive and significant effect on the allocation of capital expenditure, DAU has a positive and significant effect on the allocation of capital expenditure, DAK has a positive and significant effect on the allocation of capital expenditure, and DBH has a positive and significant effect on the allocation of capital expenditures in regencies / municipalities of North Sumatra Province the period 2010 to 2019. and DBH has a significant effect on the allocation of Capital Expenditures in the Regencies and Cities of North Sumatra Province. Partially, PAD has a positive and significant effect on the allocation of capital expenditure, DAU has a positive and significant effect on the allocation of capital expenditure, DAK has a positive and significant effect on the allocation of capital expenditure, and DBH has a positive and significant effect on the allocation of capital expenditures in regencies / municipalities of North Sumatra Province the period 2010 to 2019. and DBH has a significant effect on the allocation of Capital Expenditures in the Regencies and Cities of North Sumatra Province. Partially, PAD has a positive and significant effect on the allocation of capital expenditure, DAU has a positive and significant effect on the allocation of capital expenditure, DAK has a positive and significant effect on the allocation of capital expenditure, and DBH has a positive and significant effect on the allocation of capital expenditures in regencies / municipalities of North Sumatra Province the period 2010 to 2019.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.
hi@scite.ai
10624 S. Eastern Ave., Ste. A-614
Henderson, NV 89052, USA
Copyright © 2024 scite LLC. All rights reserved.
Made with 💙 for researchers
Part of the Research Solutions Family.