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
Kode Jurnal: jpakuntansidd090040
