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Debt and agency conflict in Indonesian Manufacturing Firms

机译:印尼制造企业的债务和代理冲突

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摘要

Companies in Indonesia have shareholders who are not dispersed or in other words the ownership is only held by one majority shareholder. This study examined the effects ofudinvestment decision on the firm value and the debt moderation on the effects of investment decisions on firm value. Debt moderation was used to test the agency conflict of debt use on investment decision. The company samples in this research were 90 companies. This research was conducted by using panel data regression with moderation. This studyudfound that investment decision had a positive effect on firm value and the use of higher debt could lower the positive effect of investment decision on firm value.
机译:印度尼西亚的公司拥有不分散的股东,换言之,所有权仅由一个大股东持有。本研究考察了投资决策对公司价值的影响,债务减缓对投资决策对公司价值的影响。债务减缓被用来检验代理机构在投资决策上的债务使用冲突。本研究中的公司样本为90家公司。这项研究是通过使用面板数据回归适度进行的。这项研究发现,投资决策对公司价值具有积极影响,而使用较高的债务可以降低投资决策对公司价值的积极影响。

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