Struktur Modal dan Prediksi Kegagalan Perusahaan:

Struktur Modal & Prediksi Kegagalan PerusahaanRowland B.F Pasaribu

This paper addresses the theoretical foundations of corporate failure prediction, using the neo-classical theory of capital structure as a starting point. The paper intends to demonstrate the feasibility of such an approach in a simple setting, i.e. by using a simple theoretical model and a limited empirical analysis. A model of optimal capital structure is constructed and rewritten as a model of default probability. Its empirical implications are derived and tested on a sample of Indonesian data. It is concluded that this approach clearly has its limitations, but also that it may be a valuable contribution compared to the multitude of theory-less empirical studies and a useful alternative to the default theory.

Keywords: Default Probabilities, Capital structure, Corporate Failure, Logistic regression

Silahkan download disini JEB Vol 5 No 3 Nov 2011 STRUKTUR MODAL DAN PREDIKSI KEGAGALAN PERUSAHAAN

Pasaribu, Rowland Bismark Fernando. 2011. Struktur Modal dan Prediksi Kegagalan Perusahaan. Jurnal Ekonomi dan Bisnis, Vol 5 No 3 Nov 2009 (209-220).


 

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