ANALYSIS OF MARKET TIMING TOWARD LEVERAGE OF NON-FINANCIAL COMPANIES IN INDONESIA

Article English OPEN
Vera Pipin Wulandari; Kusdhianto Setiawan;
(2015)
  • Publisher: Faculty of Economics and Business, Universitas Gadjah Mada
  • Journal: Journal of Indonesian Economy and Business (issn: 2338-5847, eissn: 2085-8272)
  • Publisher copyright policies & self-archiving
  • Identifiers: doi: 10.22146/jieb.7333
  • Subject: HF5001-6182 | leverage hot and cold market | market to book ratio | Business | HB71-74 | Economics as a science | market timing theory

ABSTRACTThis study aimed to examine the effect of market timing on leverage on non-financial compa-nies in Indonesia. Market timing was tested on the hot and cold market conditions. Hot and cold markets are determined by the monthly market to book ratio. A hot (cold) ma... View more
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