FAKTOR - FAKTOR YANG MEMPENGARUHI KEBIJAKAN HUTANG PADA PERUSAHAAN PROPERTY DAN REAL ESTATE YANG TERDAFTAR DI BEI TAHUN 2010-2014
Abstract
This study aimed to examine the effect of asset structure (X1) , ROA (X2) ,
DPR (X3), company size (X4), managerial ownership (X5), institutional ownership (X6) dan free cash flow (X7) to Debt Policy (Y) property and real erstate company listed on the Stock Exchange from 2010-2014 . Independent variables in this study is asset structure (X1) , ROA (X2) , DPR (X3), company size (X4), managerial ownership (X5), institutional ownership (X6) dan free cash flow (X7). While the dependent variable is Debt Policy (Y).
This study uses a property and real erstate listed on the Stock Exchange in
2010-2014 as the study sample. The sample using purposive sampling . The data used are secondary data , obtained from the IDX site . The data collected will be analyzed by the method of data analysis done first before testing the assumptions of classical hypothesis testing . Testing this hypothesis using multiple linear regression analysis with the t test and F test
The results showed that partially , DPR, company size, free cash flow have positif and significant effect to debt policy. Assets structure, institutional ownership have negative and significant effect to debt policy. while ROA and managerial ownership have not significantly and negatively effect to debt policy. Simultaneously Assets Structure, ROA, DPR, Company size, Managerial Ownership, Institutional Ownership, Free Cash Flow have a significant effect on debt policy in the property and real estate company listed on the Stock Exchange from 2010-2014 . This is evidenced by ANOVA significance value less than 0,05
. the regression model of the relationship between Assets Structure, ROA, DPR, Company size, Managerial Ownership, Institutional Ownership, Free Cash Flow of the debt policy is not strong because the value of R Square less than 50 % which is 30,7%. while the adjusted R square value is by 27,3%. which indicates that the variation of the seven independent variables is able to explain the variation in the dependent variable ( Debt Policy ) by 27,3%, while the remaining
72,7% (100% - 27,3%) is explained by other factors not included in the regression model of this study .
Keywords : Assets Structure (Tangibility of Asset), ROA (Return On Asset), DPR (Deviden Payout Ratio), Company size, Managerial Ownership, Institutional Ownership, Free Cash Flow, Debt Policy
DPR (X3), company size (X4), managerial ownership (X5), institutional ownership (X6) dan free cash flow (X7) to Debt Policy (Y) property and real erstate company listed on the Stock Exchange from 2010-2014 . Independent variables in this study is asset structure (X1) , ROA (X2) , DPR (X3), company size (X4), managerial ownership (X5), institutional ownership (X6) dan free cash flow (X7). While the dependent variable is Debt Policy (Y).
This study uses a property and real erstate listed on the Stock Exchange in
2010-2014 as the study sample. The sample using purposive sampling . The data used are secondary data , obtained from the IDX site . The data collected will be analyzed by the method of data analysis done first before testing the assumptions of classical hypothesis testing . Testing this hypothesis using multiple linear regression analysis with the t test and F test
The results showed that partially , DPR, company size, free cash flow have positif and significant effect to debt policy. Assets structure, institutional ownership have negative and significant effect to debt policy. while ROA and managerial ownership have not significantly and negatively effect to debt policy. Simultaneously Assets Structure, ROA, DPR, Company size, Managerial Ownership, Institutional Ownership, Free Cash Flow have a significant effect on debt policy in the property and real estate company listed on the Stock Exchange from 2010-2014 . This is evidenced by ANOVA significance value less than 0,05
. the regression model of the relationship between Assets Structure, ROA, DPR, Company size, Managerial Ownership, Institutional Ownership, Free Cash Flow of the debt policy is not strong because the value of R Square less than 50 % which is 30,7%. while the adjusted R square value is by 27,3%. which indicates that the variation of the seven independent variables is able to explain the variation in the dependent variable ( Debt Policy ) by 27,3%, while the remaining
72,7% (100% - 27,3%) is explained by other factors not included in the regression model of this study .
Keywords : Assets Structure (Tangibility of Asset), ROA (Return On Asset), DPR (Deviden Payout Ratio), Company size, Managerial Ownership, Institutional Ownership, Free Cash Flow, Debt Policy
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