, leverage, liquidity, productivity and profitability. Design/methodology/approach - Data are collected from 108 public listed … used to examine these relationships. Findings - The results show each of tangibility and liquidity have negative … relationships with efficiency ratio. In against of that, profitability, working capital and productively positively link to …

, profitability, agency cost, innovation and technology, and firm size as a moderating variable. This study used quarterly data from … met the research criteria with panel data analysis. The findings show that firm size and asset structure affect leverage … positively; however, profitability and innovation and technology negatively affect the debt ratio, while agency cost does not …