Manajemen (S2)

Permanent URI for this collection

Now showing 1 - 1 of 1

Analisis Strategi Pendanaan PT Telekomunikasi Indonesia, Tbk.
(2016-09-02) ABDIANUL HAIKAL; Erie Febrian; Mokhamad Anwar
Every business is ultimately funded with a mix of borrowed money (debt) and owner’s fund (equity). Financing decision is one of the main finance rules in an organization that finds financing type for the company and the right mix debt and equity to fund the business operation to maximize firm value. The main purpose of this research is to analyze by the cost of capital approach, whether existing capital structure mix in PT Telekomunikasi Indonesia, Tbk. (TLKM) is optimal, given the objective function of maximizing firm value. This research also analyzes other domestic telecommunication operators (PT Indosat Tbk and PT XL Axiata, Tbk) and Asia Pacific telecommunication operators - Telstra Inc (TESTRA), Singapore Telecom Ltd (Singtel), China Mobile Inc. And Nippon Telegraph and Telecom Inc (NTT) for benchmarking analysis by the same approach in order to get a greater level of confidence of TLKM’s optimal capital structure measurement. The result of this research shows that TLKM’ s existing capital structure mix is in underlevered, the same result with Asia Pacific telecommunication operators, in contrast domestic operators are overlevered. This research also suggests alternative recommendations for capital structure improvement for TLKM.