An Empirical Analysis of the Determinants of Corporate Debt Ownership Structure

1997 ◽  
Vol 32 (1) ◽  
pp. 47 ◽  
Author(s):  
Shane A. Johnson
Keyword(s):  
Empirical Analysis ◽  
Ownership Structure ◽  
Corporate Debt

PENGARUH FAMILY OWNERSHIP, PERUBAHAN TARIF PAJAK DAN KEBIJAKAN HUTANG TERHADAP NILAI PERUSAHAAN

2017 ◽  
Vol 9 (2) ◽  
Author(s):  
Elfina Astrella Sambuaga
Keyword(s):  
Ownership Structure ◽  
Tax Reform ◽  
Stock Exchange ◽  
Family Ownership ◽  
Corporate Debt ◽  
Tax Rates ◽  
Manufacturing Companies ◽  
The Impact ◽  
The Relationship ◽  
Debt Policy

<p>This study aims to provide empirical evidence related to the influence of family ownership, tax reform on corporate debt policy, and further prove the impact on the firm value.This study examined the effect of changes in tax rates in 2009 and 2010 on the relationship between family ownership structure and corporate debt policy. The population of this research is manufacturing companies listed in Indonesia Stock Exchange for 8 consecutive years (2006-2013), with the period of observation for 7 years (2007-2013). A period of 8 years was taken to see a company that is consistently listed on the Stock Exchange prior to the end of the observation period. The result of this study shows that tax reform from progressive tax rates to a flat rate does not affect the relationship between family ownership structure and corporate debt policy. In contrast to the year 2009, changing rate from 28% to 25% in late 2010 was a significant effect on the debt policy with the company of family ownership. Based on the results, it was found that family ownership and debt policy significantly affect the company's enterprise value. It can be concluded, the higher the family ownership, the company's value would be diminished. Instead, the company's value will increase when the company adds to its debt policy.</p><p>Keywords : debt policy, family ownership, firm value, tax reform.</p>

scholarly journals A Sector Wise Influence of Equity Ownership Holding on the Corporate Debt Policy- An Empirical Analysis

2010 ◽  
Vol 9 (2) ◽  
pp. 50-58
Author(s):  
R. Shunmughan ◽  
Sengottuvel E.P.
Keyword(s):  
Regression Analysis ◽  
Empirical Analysis ◽  
Significant Relationship ◽  
Descriptive Statistics ◽  
Corporate Debt ◽  
Power Sector ◽  
Equity Ownership ◽  
Debt Policy

This paper aims to analyse the effect of equity ownership holding pattern on the corporate debt policy under a sector wise classification. The study uses a sample of thirty six firms in the construction of BSE- 200 index during the period 1999-2009. The study has used Regression analysis and Descriptive statistics to quantify the argument. This paper finds a significant relationship between debt policy and public holding pattern in all the sectors. Promoters holding show insignificant relation for the Transport and Power sector.

An Empirical analysis of cancelled mergers, board composition and ownership structure

2002 ◽  
Vol 12 (7) ◽  
pp. 485-491 ◽  
Author(s):  
Wallace N. Davidson III ◽  
Stuart Rosenstein ◽  
Sridhar Sundaram
Keyword(s):  
Empirical Analysis ◽  
Ownership Structure ◽  
Board Composition
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