PENGARUH KEBIJAKAN DEVIDEN, UKURAN PERUSAHAAN, KEPEMILIKAN SAHAM ASING, STRUKTUR AKTIVA, DAN PROFITABILITAS TERHADAP KEBIJAKAN HUTANG (STUDI EMPIRIS PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BEI TAHUN 2013-2016)

Abstract

Several factors influencing debt policy making are dividend policy, firm
size, foreign share ownership, asset structure, and profitability. This study aims to
determine and analyze the influence of dividend policy, firm size, foreign share
ownership, asset structure, and profitability to debt policy at manufacturing
companies listed on the Stock Exchange in 2013 - 2016.
The population in this study are all manufacturing companies listed on the
Indonesia Stock Exchange (BEI) in 2013-2016. Samples taken in this research are
as many as 18 manufacturing companies that meet the criteria to be sampled. The
sampling technique used is purposive sampling. The method of analysis used is
multiple linier regression analysis technique.
The results show that managerial ownership, corporate growth, and firm
size have no significant effect on debt policy. While institutional ownership,
dividend policy, asset structure, profitability have a significant effect on debt
policy.
Keywords: Dividend Policy, Company Size, Foreign Ownership, Asset
Structure, Profitability, Debt Policy