Analisis Perbandingan Kinerja Keuangan Perusahaan Manufaktur Tbk Yang Menggunakan Pecking Order Theory Dan Trade Off Theory

Abstract

This study aims to determine the comparison of the financial performance of companies that apply pecking order theory and trade off theory. This research uses a comparative method. Data collection was carried out using documentation and literature study techniques. The analytical tool used in this study uses a t-test with the help of SPSS. Based on the results of the analysis conducted, the results showed that the financial performance of companies that apply pecking order theory and trade off theory as measured using ROE, ROA and working capital turnover (WCT) variables showed differences in the financial performance of manufacturing companies.