Optimizing Capital Structure in Southeast Asian Real Estate: The Role of Tangible Assets and Sales Growth

Faisal Riza Rahman ; Eldes Willy Filatrovi
Proceeding of the International Conference on Econ... 📅 2024 Vol 1, No 2 🔗 DOI: 10.61132/iceat.v1i2.106
Abstract
This study investigates the role of profit-based tangible assets and sales growth (ProTAPP) in enhancing the relationship between market ratios and financing decisions in property and real estate companies across Southeast Asia from 2019-2023. Using agency theory, pecking order theory, and trade-off theory, the research examines how EPS, TATO, and CR influence DER, with ProTAPP serving as a mediating variable. The analysis, based on panel data from ASEAN countries including Indonesia, Malaysia, Thailand, and Singapore, aims to provide practical insights for investors, corporate managers, and policymakers in optimizing financing strategies within the property and real estate sector. The study emphasizes the significance of tangible assets and sales growth dynamics in financial decision-making for achieving an optimal capital structure. Findings reveal that ProTAPP significantly mediates the relationship between EPS, TATO, CR, and DER in Southeast Asian property and real estate firms. The impact of these independent variables on DER through ProTAPP varies by country, reflecting specific market dynamics and company strategies. These results offer valuable guidance for developing more effective financing strategies in the sector.
Keywords
financing decisions; market ratios; activity ratios; liquidity ratios; ASEAN
How to Cite

Faisal Riza Rahman & Eldes Willy Filatrovi (2024). Optimizing Capital Structure in Southeast Asian Real Estate: The Role of Tangible Assets and Sales Growth. Proceeding of the International Conference on Economics, Accounting, and Taxation, 1(2). https://doi.org/10.61132/iceat.v1i2.106

Faisal Riza Rahman; Eldes Willy Filatrovi, "Optimizing Capital Structure in Southeast Asian Real Estate: The Role of Tangible Assets and Sales Growth," Proceeding of the International Conference on Economics, Accounting, and Taxation, vol. 1, no. 2, 2024.

Faisal Riza Rahman; Eldes Willy Filatrovi. "Optimizing Capital Structure in Southeast Asian Real Estate: The Role of Tangible Assets and Sales Growth." Proceeding of the International Conference on Economics, Accounting, and Taxation, vol. 1, no. 2, 2024.

Faisal Riza Rahman; Eldes Willy Filatrovi. "Optimizing Capital Structure in Southeast Asian Real Estate: The Role of Tangible Assets and Sales Growth." Proceeding of the International Conference on Economics, Accounting, and Taxation 1, no. 2 (2024).

Faisal Riza Rahman & Eldes Willy Filatrovi (2024) 'Optimizing Capital Structure in Southeast Asian Real Estate: The Role of Tangible Assets and Sales Growth', Proceeding of the International Conference on Economics, Accounting, and Taxation, 1(2). doi: 10.61132/iceat.v1i2.106.

Faisal Riza Rahman; Eldes Willy Filatrovi. Optimizing Capital Structure in Southeast Asian Real Estate: The Role of Tangible Assets and Sales Growth. Proceeding of the International Conference on Economics, Accounting, and Taxation. 2024;1(2).

Artikel Terkait

Invisible Sustainability: Decoupling ESG Sustainability Reporting from Tri Hita Karana Practices in Rural Banks in Bali

I Putu Edy Arizona; Anantawikrama Tungga Atmadja; Lucy Sri Musmini; I Made Pradana Adiputra; I Gusti Ayu Purnamawati

Optimizing Student Collaborative Learning through Artificial Intelligence Integration: An Innovative Approach

Jusra Tampubolon; Darwin Li; Yusuf Ronny Edward

Systematic Literature Review on the Determinants of Tax Avoidance: Based on Financial Analysis

Agung Dwi Putra; Helmy Wahyu Sukiswo

Analysis of Efficiency and Effectiveness Levels in Financial Management in Serba Jadi Village, Sunggal

Amanda Oktavira Br Tarigan; Oktarini Khamilah Siregar

The Meaning of Sustainability in Business Strategy: An Interpretive Approach to the Integration of Social and Profit Values in Modern Management

Hamsina Hamsina; Romansyah Sahabuddin; Muhammad Rakib; Ichwan Musa

Transformation of East Java MSMEs: Superior Strategies for Independence and Sustainability

Erwan Aristyanto; Agus Sarwo Edi
Tren Sitasi Jurnal