PENGARUH KEPEMILIKAN INSTITUSIONAL, UKURAN PERUSAHAAN, PROFITABILITAS DAN RISIKO BISNIS TERHADAP KEBIJAKAN HUTANG PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2008-2012

ABSTRACT: The purpose of this study is to know the effect of Institutional Ownership, Firm  Size,  Profitability,  and  Business  Risk  on  Manufacture  Firm  Debt  Policy Listed in Indonesia  Stock Exchange. The sample  using  purposive sampling. The research  model  in  this  study   employs   panel  data  analysis  with  fixed  effect approach. The empirical results show that institutional ownership and firm size have   positive   and   significant   effect    on  debt  policy.  ROA  have  negative significant   effect   on  debt  policy,  but  business  risk  have   negative   and  not significant  effecton  debt  policy.  Simultaneous  test  showed  that  institutional ownership, firm size, profitability, and business risk effect the debt policy.
Key words:  Institutional Ownership, Firm Size, ROA, Business Risk, Debt Policy, Manufacture Firm
Penulis: Umi Mardiyati, Susi Susanti, Gatot Nazir Ahmad
Kode Jurnal: jpmanajemendd140815

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