PENGARUH KEPEMILIKAN MANAJERIAL, KEPEMILIKAN INSTITUSIONAL, DIVIDEN, PERTUMBUHAN PERUSAHAAN, FREE CASH FLOW DAN PROFITABILITAS TERHADAP KEBIJAKAN HUTANG PERUSAHAAN
Abstract: The
purpose of this study was to investigate the insider ownership, institutional
investor, dividend payments, firm growth, profitability and free cash flow to
corporate debt policy. This research uses sample of 31 manufacturing firms and
non manufacturing firms, except financial firms which listed in Indonesia Stock
Exchange selected using purposive sampling method. The criteria of purposive
sampling method are that manufacturing and non manufacturing firms that have
been listed in Indonesia Stock Exchange from 2005 until 2007. These firms have
reported financial statement every year during year period 2005 until 2007 with
fiscal year ending 31 December, get profit and have dividend payout ratio. The
statistical methods used in this research are multiple regressions. The result
shows that insider ownership, dividend payments and firm growth variable does
not have influence towards debt policy. In the other hand, institutional
investor, profitability and free cash flow have influence toward debt policy.
Keywords: Debt
ratio, insider ownership, institutional investor, dividend payments, firm
growth, profitability, free cash flow.
Penulis: RIZKA PUTRI INDAHNINGRUM dan
RATIH HANDAYANI (STIE Trisakti)
Kode jurnal: jpmanajemendd090001
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