Christine_Abstract_1622012

FAKTOR-FAKTOR YANG MEMENGARUHI KEBIJAKAN UTANG PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BURSA EFEK INDONESIA

Christine Dwi Karya Susilawati
Lidya Agustina
Se Tin

Fakultas Ekonomi Jurusan Akuntansi Universitas Kristen Maranatha

Jl. Suria Sumantri No.65 Bandung, 40164.

Abstract

In the last several years, there had been an increase on the research emphasized on the agent-principal concept at financial corporation. The objective of this research was to test empirically the agency concept and their relation toward the debt policy of corporations. This research analyzed the factors influencing debt policy at manufacturing firms in Indonesia. Analyzing instruments in this research was multiple regression analysis. The result of this research showed that firm size, profitability and free cash flow had significant influence to debt policy while managerial ownership, institutional ownership, dividend policy and structure asset did not have significant influence to debt policy. However, simultaneously the seven variables had significant influence to debt policy.

 

Key words: debt policy, managerial ownership, institutional ownership, structure asset, firm size, free cash flow

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