Determinant Of The Sustainable Growth Rate

Abstract

This study was conducted to analize the determinant factors of the sustainable growth rate. Cash Adequacy, Intellectual Capital and Nonfinancial Distress based on Alman Z-score are the three variables whice expected to be determinat of Sustainable Growth Rate. The population used in this research are manufacturing companies listed on the Indonesia Stock Exchange in 2012-2014. Using Purposive sampling, 40 companies meet criteria and used as samples. The regression analysis showed that Intellectual Capital and Dummy (NonFinancial Distress) have significant effect on the Sustainable Growth Rate. While Cash Adequacy has no significant effect on the Sustainable Growth Rate.