Abstract
The purpose of this study is to know the influence of stock ownership by management, stock ownership by institution, stock ownership by family, stock ownership by foreigner, and stock ownership by the government on debt policy which use agency theory, by using the variables of profitability control, company growth, company size and asset structure. The samples used were 358 companies non-bank and finance listed on BEI (Indonesia Stock Exchange) over the period of 2013-2014. The data collection technique used is the purposive sampling method. The data analysis technique used is multiple linear regression. The analysis shows that stock ownership by management negatively affects debt policy. Stock ownership by institution, stock ownership by family, stock ownership by foreigner, and stock ownership by the government do not affect the debt policy. Profitability negatively affects debt policy. Company size positively affects debt policy. Company growth and asset structure dont affect debt policy. DOI: https://doi.org/10.26905/ap.v3i1.1325
Highlights
Kebijakan hutang adalah pembelanjaan menyatakan bahwa agency conflict muncul tetap perusahaan yang merefleksikan akibat dari pemisahaan kepemilikan perusahaan perimbangan hutang jangka panjang dengan dengan pengendali perusahaan
Kepemilikan Insitusi dan Kebijakan Hutang Kepemilikan institusi memiliki t-hitung sebesar 1,049 dan sig (0,295) > α (5%) berarti H0 diterima jadi simpulannya kepemilikan institusi tidak berpengaruh terhadap kebijakan hutang
Kepemilikan keluarga memiliki t-hitung sebesar 0,878 dansig(0,381) > α (5%) berarti H0 Kepemilikan Asing dan Kebijakan Hutang diterima, simpulannya kepemilikan keluarga
Summary
Kebijakan hutang adalah pembelanjaan menyatakan bahwa agency conflict muncul tetap perusahaan yang merefleksikan akibat dari pemisahaan kepemilikan perusahaan perimbangan hutang jangka panjang dengan dengan pengendali perusahaan. (2008) menemukan hasil yang berbeda, bahwa yang mengendalikan perusahaan pemerintah kepemilikan keluarga tidak berpengaruh lebih memiliki tujuan bukan untuk terhadap hutang. Hasil penelitian Setyawati (2014)sama dengan hasil penelitian ini yang menemukan bahwa kepemilikan institusi tidak berpengaruh terhadap kebijakan hutang.
Sign-in/Register to view highlights & summary Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
