Analisa Struktur Modal Optimal Pada Industri Rokok di Indonesia
When a company want to expand their business, they will need capital, and this capital could be from debt or self equity. Debt itself has two advantages. First, the interest expense is subject to tax deduction hence it will reduce the final cost. Second, the creditor will receive a fix repayment or...
| Main Authors: | , |
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| Format: | Thesis |
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[Yogyakarta] : Universitas Gadjah Mada
2012
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| _version_ | 1826045330581356544 |
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| author | , Ifan Dwipatria, S.T , Hardo Basuki, Dr., M.Soc.Sc. |
| author_facet | , Ifan Dwipatria, S.T , Hardo Basuki, Dr., M.Soc.Sc. |
| author_sort | , Ifan Dwipatria, S.T |
| collection | UGM |
| description | When a company want to expand their business, they will need capital, and
this capital could be from debt or self equity. Debt itself has two advantages. First,
the interest expense is subject to tax deduction hence it will reduce the final cost.
Second, the creditor will receive a fix repayment or interest thus the shareholder don�t
have any obligation to share the profit or pay a deviden.
In the other hand, debt it self has weakness. First, the higher leverage, the
hihger risk may occur and it will end up in higher cost of debt or equity. Second, in
the downturn event, when the operating profit is not sufficient to cover the cost of
debt, the shareholder will be the one who cover this cost. When the shareholder can�t
fulfill this obligation then they will be facing a banckruptcy situation.
This research is to figure out the capital structure composition, in the scope of
each constrains and advantages, by using WACC model as reference in finding the
optimal capital structure in order to maximazing the value of the company.
This research is focus in cigarette manufacture company and had been listed
in the Indonesia stock exchange. The chosing of this sample based on consideration
that the industry had been already in mature stage of the industry life cycle in which
they�ve executed the optimum capital structure. |
| first_indexed | 2024-03-13T22:35:32Z |
| format | Thesis |
| id | oai:generic.eprints.org:98273 |
| institution | Universiti Gadjah Mada |
| last_indexed | 2024-03-13T22:35:32Z |
| publishDate | 2012 |
| publisher | [Yogyakarta] : Universitas Gadjah Mada |
| record_format | dspace |
| spelling | oai:generic.eprints.org:982732016-03-04T08:47:08Z https://repository.ugm.ac.id/98273/ Analisa Struktur Modal Optimal Pada Industri Rokok di Indonesia , Ifan Dwipatria, S.T , Hardo Basuki, Dr., M.Soc.Sc. ETD When a company want to expand their business, they will need capital, and this capital could be from debt or self equity. Debt itself has two advantages. First, the interest expense is subject to tax deduction hence it will reduce the final cost. Second, the creditor will receive a fix repayment or interest thus the shareholder don�t have any obligation to share the profit or pay a deviden. In the other hand, debt it self has weakness. First, the higher leverage, the hihger risk may occur and it will end up in higher cost of debt or equity. Second, in the downturn event, when the operating profit is not sufficient to cover the cost of debt, the shareholder will be the one who cover this cost. When the shareholder can�t fulfill this obligation then they will be facing a banckruptcy situation. This research is to figure out the capital structure composition, in the scope of each constrains and advantages, by using WACC model as reference in finding the optimal capital structure in order to maximazing the value of the company. This research is focus in cigarette manufacture company and had been listed in the Indonesia stock exchange. The chosing of this sample based on consideration that the industry had been already in mature stage of the industry life cycle in which they�ve executed the optimum capital structure. [Yogyakarta] : Universitas Gadjah Mada 2012 Thesis NonPeerReviewed , Ifan Dwipatria, S.T and , Hardo Basuki, Dr., M.Soc.Sc. (2012) Analisa Struktur Modal Optimal Pada Industri Rokok di Indonesia. UNSPECIFIED thesis, UNSPECIFIED. http://etd.ugm.ac.id/index.php?mod=penelitian_detail&sub=PenelitianDetail&act=view&typ=html&buku_id=52135 |
| spellingShingle | ETD , Ifan Dwipatria, S.T , Hardo Basuki, Dr., M.Soc.Sc. Analisa Struktur Modal Optimal Pada Industri Rokok di Indonesia |
| title | Analisa Struktur Modal Optimal Pada Industri Rokok di Indonesia |
| title_full | Analisa Struktur Modal Optimal Pada Industri Rokok di Indonesia |
| title_fullStr | Analisa Struktur Modal Optimal Pada Industri Rokok di Indonesia |
| title_full_unstemmed | Analisa Struktur Modal Optimal Pada Industri Rokok di Indonesia |
| title_short | Analisa Struktur Modal Optimal Pada Industri Rokok di Indonesia |
| title_sort | analisa struktur modal optimal pada industri rokok di indonesia |
| topic | ETD |
| work_keys_str_mv | AT ifandwipatriast analisastrukturmodaloptimalpadaindustrirokokdiindonesia AT hardobasukidrmsocsc analisastrukturmodaloptimalpadaindustrirokokdiindonesia |