This study aims to examine the effect of Current ratio (CR), Total asset turnover (TATO), Debt equity (DER), Return on (ROE), and Price earning (PER) stock returns in pharmaceutical sub-sector companies listed Indonesia Stock Exchange (IDX). The population this research is 10 that publish annual reports websites each company 2015 – 2020 sampling method use purposive based predetermined criteria...

The Modigliani-Miller Theorem on the irrelevance of corporate capital structure is perhaps the best-known result in modern finance. Simply put, the theorem states that, under certain assumptions, the market value of a firm is independent of its capital structure. Under the stylized assumptions of the theorem, substituting equity for debt or adding layers of debt to the capital structure of a fi...

We study, both theoretically and in the lab, the performance of open outcry debt and equity auctions in the presence of both private information and hidden e¤ort in an independent private value setting. We characterize symmetric equilibrium bidding strategies and show that these lead to e¢ cient allocation. More interestingly, the revenue ranking between the debt and equity auctions depends on ...

This research is motivated by differences in the results of previous studies regarding Effect Current Ratio (CR), Quick (QR), Debt To Asset (DAR), and Equity (DER) on Return On Assets (ROA) Companies Pharmaceutical Sub-Sector Listed Indonesia Stock Exchange for 2015-2019 Period. study aims to determine effect (ROA). uses several data analyzes, namely descriptive analysis, model selection test, ...

We examine the validity of a macroeconomic version of the ModiglianiMiller theorem. By this we understand that different equilibrium capital structures have no impact on the allocation of commodities and on welfare. We develop a general equilibrium model with two production sectors, riskaverse households, and financial intermediation by banks. Banks are funded by deposits and (outside) equity a...

This study aims to determine the effect of Current Ratio, Return On Equity, Earning Per Share, and Debt Equity Ratio on Stock Prices Infrastructure Companies listed IDX for 2018—2021 period. uses quantitative methods. data source is secondary data, namely in form financial statements infrastructure companies 2018-2021 The type research used causal associative. sampling technique purposive techn...

The main purpose of this study is to measure the impact capital structure on financial performance commercial companies in Kosovo. Specifically, it aims relationship between ratio total debt and return employed (ROE), as well debt-to-equity assets (ROA) ratio. Panel data were used Kosovo for period 2014-2019. indicators included equity, while represented by equity (ROE). results show that durin...

Abstrak Tujuan dari penelitian ini untuk meneliti pengaruh profitabilitas, likuiditas, pertumbuhan penjualan dan struktur aset terhadap modal pada perusahaan properti real estat yang terdaftar di Bursa Efek Indonesia periode 2015-2020. Metode digunakan adalah metode deskripsi verifikasi. Populasi estate 2015-2020 sebanyak 79 perusahaan. Sampel diambil 36 menggunakan rumus slovin dengan kriteria...

We develop a dynamic structural model to examine the e¤ects of di¤ering beliefs of the manager and outsider investors regarding the pro…tability of a …rm’s projects and managershareholder agency con‡icts on its capital structure. The manager receives dynamic incentives through explicit contracts with shareholders whose implementation through …nancial securities leads to a dynamic capital struct...