PENDEKATAN PECKING ORDER THEORY UNTUK MENGANALISIS FAKTOR-FAKTOR YANG MEMPENGARUHI STRUKTUR MODAL.

,

i,D@NCAW W!tsMODI

tuMme&tql&.,, tqu 8

Nryetdbtutarw

4'i.'rbi'!3bdF'y-!

! bd

,'-''4,''''.@J'D"b.

Frushn yqe hF ditd*m sm

e'1".'ro{.Th'
rh?1Ffrn.4a &m EJ 4 rslr@i.L

lP.

tr-

Fryhrcnnn gdd

! kbijtui 4d ra$hir d!F1
n{j{!d roaie di e @ig rsd r. srri
'r kbt!tu rF[r d flo
Fu$FIdtrP{d[ddi3slm
er iur dd!i!j!ddheFnp

nsiid uuFn

i4dh!

mreiaEi &i! h |

okr l4r

rE

ndusi.

$r h*! k' &@

i! hhsjflq kunsn n.n

Diin F$Fkr nlirjenqi tru4 . klLar Frudiai {(!i
Nmik irrbiFoeha!riaiua
Dftj4 kLtrsn dru noEPi urs

Na$hii. r! rD k4iuetr FDE !ij!r! tu s rtrr nqddd

I

isrd

qsm6i [dijah nruk( nqd.

rv nrulr idd edljld nq6k

d

knd*rj os (v$tr. ree i

nniFhbiBhi klituisi ui rruicmr Fjd !b, edsqwr hlhE

d!4hiD}L[qr4u!
qilb r 5,n* Fi&skIh4qrFtrri

Betole{d

ia

!;5irin,!j

bEhsi. uj

alijjrsrdtr

F4ujai hid6r nd! !

dogmFFFktrrRI4z&l
ik.!,

l hb sb

L n

]9 diFl djdh

k ilrlr 6t7t). Et 4 /d t! tE\kN), .4rk t q4,,i,
tur4!,,4(TANc).sd !rriE &
Bd6!* k4ljhtr stra r * dikhkn
dnihFrkn e*6s h J!i! kar!*q !

D

r!!em gnfu Nmr

GRaN)

B'gltrh.Euqq:lt
(r@e?,q {s44o, rltqii
r4@a&

H6tr|. $d,

Dt No'q

^tuos

l:ilqhin H{'sLbjo aLhh hu rbio

'q

&!6 ,4!l,,er

trt re4k Ntd. )Mtu1 \

2nMPlry1aL|rc1ildlb|e''flfulrKr.lrc]

M4'An'

r''

'*4rd

LrN

Ltr* r.,6r r4erohi (Nn Mo

vtu4\ Yqrhtu

Yo