PENGUJIAN PECKING ORDER THEORY PADA EMITEN SYARIAH DI BURSA EFEK INDONESIA PADA TAHUN 2015-2017

Abstract

ABSTRACT
The purpose of this study was to examine the pecking order theory in explaining
the preferences of corporate funding decisions. This research was conducted on
Islamic companies listed in the Indonesian Stock Exchange in 2015-2017. This
research sample was determined by purposive sampling method. This study uses
multiple linear regression models. The results of this study conclude that
Profitability has a significant positive effect on leverage. Company size (Size)
has a significant positive effect on leverage. And The Investment Opportunity Set
do not have a significant effect on leverage.
Keywords: Profitability, Company size (Size), Investment Opportunity Set
Leverage.