KEPEMILIKAN SAHAM, KEBIJAKAN DIVIDEN, KARAKTERISTIK PERUSAHAAN, RISIKO SISTIMATIK, SET PELUANG INVESTASI DAN KEBIJAKAN HUTANG
Abstrak: The purpose of the
research was to obtain empirical evidence that
managerial and institutional
ownership, dividend policy,
firm growth, profitability, firm size, systematic risk, investment
opportunity set and asset structure affect debt policy. The population in this
research are all companies
that listed in
Indonesia Stock Exchange
with the observation period 2005
to 2008. The sample selection was done by using
purposive sampling method.
Data used in
this research was obtained from financial statement and
Fact Book, performance summary of listed companies and BAPEPAM-LK. Data
analysis used a multiple regression analysis. The results of this research are
managerial ownership, cash dividend policy, profitability, firm size,
investment opportunity set and asset structure affect debt policy. While the
institutional ownership, firm
growth and systematic
risk not affect
debt policy. Manager
who owns shares in his company tends to use funds from retained earnings
and share capital. They will distribute
cash dividends to attract in -vestors to
buy shares. Source of funds from obligation providing a risk to the company.
Keywords: Debt
policy, managerial and
institutional ownership, cash dividend
policy, firm growth,
profitability, firm size, systematic
risk, investment opportunity set and asset structure
Penulis: Yulius Kurnia Susanto
Kode Jurnal: jpakuntansidd110059
