Keputusan Investasi dan Financial Constraints: Studi Empiris Pada Bursa Efek Indonesia

Riskin Hidayat
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Riskin Hidayat: Gadjah Mada University

Bulletin of Monetary Economics and Banking, 2010, vol. 12, issue 4, 425-446

Abstract: This research aims to test the sensitivity level of liquidity and invesment opportunity to invesment decision between non-financially constrained and financially constrained firms. Sample in this research is the firm of non finance which enlist in Indonesia Stock Exchange from period 2003 to 2007, obtained sample 136 firms with 680 observations. Result of research refer that liquidity and invesment opportunity have an influence on positive to invesment decision. Liquidity is more sensitive to invesment decision for financially constrained firms. Investment opportunity is more sensitive to invesment decision for non financially constrained.

Keywords: Investment Decision; Liquidity; Financially Constraint (search for similar items in EconPapers)
JEL-codes: E22 G32 O16 (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:idn:journl:v:12:y:2010:i:4b:p:425-446

DOI: 10.21098/bemp.v12i4.249

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