PENGARUH FREE CASH FLOW, STRUKTUR ASET, RISIKO BISNIS DAN PROFITABILITAS TERHADAP KEBIJAKAN HUTANG
ABSTRACT: The purpose of this
research is to identify the influence of free cash flow, asset structure,
business risk and profitability on debt policy. This research was conducted on
property and real estate company listed on the Indonesia Stock Exchange in 2009
- 2013. The number of samples taken 23 companies with a purposive sampling
techniques and through non-participant observation. Multiple linear regression
is used to be data analysis. Summary of research conducted found that the
independent variables namely free cash flow, business risk and profitability
have significantly influence to debt policy. While asset structure did not have
a significant effect on the debt policy. Free cash flow and profitability have
significant positive effect on debt policy, the business risk have significant
negative effect on debt policy and asset structure have no significant positive
effect on debt policy.
KEYWORDS: Free Cash Flow,
Asset Structure, Business Risk, Profitability, Debt Policy
Penulis: Dhyana Intan
Prathiwi, I Putu Yadnya
Kode Jurnal: jpmanajemendd170024
