Analisis Set Kesempatan Investasi Tinggi dan Rendah terhadap Free Cash Flow pada Perusahaan Manufaktur di Indonesia Studi Kasus Perusahaan Mempublik di Bej Periode 2008 - 2011

Lucia Rita Indrawati
Journal article Jurnal Penelitian Inovasi • September 2012 Indonesia

Unduh teks lengkap
(Bahasa Indonesia, 21 pages)

Abstrak

The objective of the research is to find more about the impact of free cash flow toward investment opportunity set (IOS) that for high IOS or low IOS and the size of manufacturer firm in Indonesia for period 2008 until 2011. This research we taken from Pojok Bursa Efek Jakarta pass through www.idx.co.id and ww.sahamOk.com. The firms are listing in BEJ amount 442 firms, but the firms have fulfill criteria are 32 firms that within manufacturer firms. The firms are according to our criteria that is not finance and real estate, listing for four years respectively, the data are not impair, the firms are not have deficiency and the data available in www.idx.co.id. Based on 32 firms only 24 firms then we divided for two that is result for extreme of IOS that is 12 for high IOS and 12 for low IOS. The research has used factor score for IOS, normality test and Wann-Whitney U test. The development result theories express two hypotheses that formulated to one equation regression model. But with small sample, the research can not pass form classical assumption test, because the data are not normal probability distribution, then used nonparametric test that is Mann-Whitney U test. The result of the test is conclude that both of alternative hypothesis can not be accepted, that means there are not statistically differences between mean low IOS and high IOS that moderated with size toward free cash flow and high SKI have give a bigger free cash flow than low IOS. Keyword: low IOS, high IOS, size

Metrik

  • 418 kali dilihat
  • 428 kali diunduh

Jurnal

Jurnal Penelitian Inovasi

Jurnal Penelitian Inovasi is an open access, peer-reviewed journal that publishes original resear... tampilkan semua