PERAN PELUANG TUMBUH DALAM MENENTUKAN EFEKTIVITAS KEBIJAKAN PENDANAAN

Abstract

Research the effect of funding policy to firm value have been widely performed, but results are not satisfactory, the result are still being debaded. The reason is that most studies only look at from the standpoint of a narrow, less comprehensive. This paper aims to create a theoretical model of the relationship of funding policy with firm value is more consistent. This model puts the investment opportunity set as a moderating variable that can strengthen or weaken the effect of funding policy to firm value. This model puts ownership as control variables, to test the agency problems.