Pengaruh kepemilikan institusional, kepemilikan manajerial, profitabilitas, free cash flow, ukuran dan pertumbuhan perusahaan terhadap kebijakan hutang

Laili Ayu Safitri, Putri Wulanditya

Abstract


Debt policy is a decision for the company's funds obtained from outside the company to meet the operational needs of the company. As the economic development of the company to expand its business in order to compete. The company develops its business in need of funds, if the funds are not enough companies do debt policy. debt policy can be risky and therefore companies should carry out operational activities effectively in order to avoid risks. This study aims to determine the effect of institutional ownership, managerial ownership, profitability, free cash flow, company size and growth of the debt policy. This research method used This study uses secondary data, financial reports mining companies listed on the Indonesia Stock Exchange 2011-2015. The research sample using purposive sampling method that obtain sample of 59 data. Analysis techniques to test this research using classical assumptions and multiple regression analysis. The results of analytical techniques showed that possession intstitusional and negatively affect the profitability of the debt policy. Free cash flow positive effect on debt policy. Managerial ownership, company size and growth of the company does not affect the debt policy.


Keywords


Debt Policy and Institutional Ownership



DOI: 10.14414/tiar.v7i2.958

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