GDL

Jurnal Keuangan dan Perbankan, Tahun XII, Nomor 3, September 2008
Journal from JIPTUNMERPP / 2009-09-01 23:34:31
Oleh : Yustina Ade, Diploma 3 of Finance and Banking Merdeka University Malang (jurkubank@yahoo.com)
Dibuat : 2008-09-01, dengan file

Keyword : Ownership structure, agency cost, cash flow, moral hazard

Capital credit was credit given bay private/government public bank to solve the problem of liquidation on companies. In a small company, Inhibiting liquidation and information which was asymmetric influenced manpower recruitment, specially in manager level and it could make adverse selection problem. In agency theory, it was mentioned that agency problem could appear if there was a different self-interest between (1) capital owner and manager (2) capital owner and bank. This research was aimed to analyze if ownership structure and external monitoring had influence to agency cost and whether agency cost had influence to cash flow. The samples of this research were small companies running In manufactures, corporation, and which got capital credit. Samples taken were 101 companies and the analyzes method used was SEM. This research concluded that agency cost was in small companies that the manager was not the capital owner, but there was no indication moral hazard.

Deskripsi Alternatif :

Capital credit was credit given bay private/government public bank to solve the problem of liquidation on companies. In a small company, Inhibiting liquidation and information which was asymmetric influenced manpower recruitment, specially in manager level and it could make adverse selection problem. In agency theory, it was mentioned that agency problem could appear if there was a different self-interest between (1) capital owner and manager (2) capital owner and bank. This research was aimed to analyze if ownership structure and external monitoring had influence to agency cost and whether agency cost had influence to cash flow. The samples of this research were small companies running In manufactures, corporation, and which got capital credit. Samples taken were 101 companies and the analyzes method used was SEM. This research concluded that agency cost was in small companies that the manager was not the capital owner, but there was no indication moral hazard.

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