| dc.description.abstract | Pecking Order Hyphotesis is financing structure in financial management
which followed hierarchy starting from internal financing, debt, then equity as the last
source.
This research aim to examine financing behavior of trade and service
companies which listed in Indonesia Effect Exchange (BEI) in period of research
2005-2006. This research is conducted at 18 companies using simple linier regression.
The result of this model is
∆ D
= 40,791 – 0,068 (deficit (I)). This model shows that
there is negative relation and significance between deficit (deficit (I)) and long term
debt change ( ∆ D
it
it
). Besides that, the result of T test indicate that defisit variable
does not has significance influence to long term debt change. That is can be shown by
the result of T calculation that is -0, 322, and T table is 1, 697.
Based on this research result, we may know that the financing behavior for
investment at trade and service companies listed at BEI in period 2005-2006 do not
follow Pecking Order Hyphotesis. | en_US |
