• Satriyo Budi Cahyono
• Arvinder Singh Chawla

The study “Firm-Specific Determinants on Leverages across sectors in Indonesian Listed Companies” analyzes the influence of firm-level determinants on the leverages of the firms listed on the Indonesian Stock Exchange (IDX). By making use of unbalance panel dataset sample, we found that firm-level of determinants aptly explains the three types of leverage measurements viz. total leverage, short-term leverage, and long-term leverage. By using full sample data, it was found that firm-level determinants explain those leverages to be approximately 71.24%, 62.78%, and 65.50% respectively. This study also further analyses the influence of these covariates on financial structure across sectors. This study shows that sign and magnitude of association those determinants vary across sectors, which implies that sectoral behavior indirectly influences borrowing policy which should be considered by the firm’s managers.

capital structure, sector, determinants, Indonesia

"Firm-Specific Determinants on Leverages across Sectors in Indonesian Listed Companies", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 5, page no.110-121, May-2019, Available :http://www.jetir.org/papers/JETIR1905020.pdf

"Firm-Specific Determinants on Leverages across Sectors in Indonesian Listed Companies", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 5, page no. pp110-121, May-2019, Available at : http://www.jetir.org/papers/JETIR1905020.pdf