DETERMINATION FACTORS OF CAPITAL STRUCTURE POLICY AND FIRM VALUE IN INDONESIA STOCK EXCHANGE

Abstract

This paper aims to make a theoretical model factors that determine capital structure policy and firm value in Indonesia Stock Exchange. Analysis will be done by placed capital structure as intervening variable. While the Microeconomic factors and macroeconomic factors placed as independent variable that predicted directly affect to capital structure and firm value. To examine direct effect of independent variable to dependent variable used twostage regression, where as to test the role of mediating variable used Sobel Test.