“…Decisions concerning investment will determine the source and form of funds for financing (Segura & Zeng, 2020). The problem that must be answered in funding related to the source of funds is whether the source is internal or external (Hudenko & Pocs, 2014;Ly & Shimizu, 2018), the size of the debt and their capital, and how to type of debt and the capital will be used, bearing in mind the financing structure will determine the cost of capital that will be the basis for determining the required return is desirable (Iwaki, 2019).…”