jbm@fe.unpad.ac.id
Sulaeman Rahman Nidar:

I believe that you would serve as an excellent reviewer of the manuscript, "Determinants of Capital Structure’s Adjustment Speed: Empirical Analysis of Real Estate, Property, and Construction Firms," which has been submitted to Jurnal Bisnis dan Manajemen. The submission's abstract is inserted below, and I hope that you will consider undertaking this important task for us.

Please log into the journal web site by 2021-02-21 to indicate whether you will undertake the review or not, as well as to access the submission and to record your review and recommendation.

The review itself is due 2021-02-28.

Submission URL: http://journal.feb.unpad.ac.id/index.php/jbm/reviewer/submission/98?key=ACCESS_KEY

Thank you for considering this request.

Layyinaturrobaniyah Layyinaturrobaniyah
SCOPUS ID: 57192388917, Universitas Padjadjaran
layyinaturrobaniyah@unpad.ac.id



"Determinants of Capital Structure’s Adjustment Speed: Empirical Analysis of Real Estate, Property, and Construction Firms"

Abstract

This study explored the determinants of capital structure, optimal capital structure, and the speed of adjustment in real-estate, property, and construction firms in Indonesia. It conducted a quantitative analysis of the annual report of 25 listed firms by employing a generalized method of moment approach with panel data to estimate the result. Results showed that the determinants of capital structure, such as profitability, tangibility, size, and liquidity have negative impact on leverage. By contrast, non-debt tax shield has a positive impact. Based on the regression result, firms have an optimal capital structure target with an adjustment yearly speed of 80%. Furthermore, calculation of optimal target structure shows that firms require approximately three years to meet the discrepancy between their current capital structure and the targeted capital structure.
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Jurnal Bisnis dan Manajemen
http://journal.feb.unpad.ac.id/index.php/jbm