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.