EMPIRICAL STUDY OF INFLUENCE LEVERAGE FINANCE COMPANIES IN INDONESIA
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Date
2015-09-14
Journal Title
Journal ISSN
Volume Title
Publisher
The Second ASEAN International Business Conference 2015, Universiti Kuala Lumpur, Wadi Sofia College, Universitas Pembangunan Nasional Veteran, Oleman
Abstract
This study aims to determine the effect of the dollar exchange rate and the interest
on the level of financial leverage (Degree of Financial Leverage) directly and
through a dividend payout ratio (DPR). The method used to analyze these data is
multiple regression and path analysis models. T test and F test is also used to
determine the effect of significantly. Based on data analysis known that the dollar
exchange rate and interest does not significantly affect the dividend payout ratio
either partially or simultaneously. The influence of the dollar exchange rate
against the DFL amounted to -0.081. While the influence of these variables
indirectly obtain any DFL through Parliament by 0.001675. Affect the value of the
deposit rate amounted to 0.029 DFL directly. While the indirect effect of the DFL
deposit interest through Parliament at 0.029. Parliament variables affect the DFL
amounted to -0.025.
Description
Keywords
Exchange Rate and Interest, Dividend Payout Ratio, Level of Financial Leverage