PENGARUH PROFITABILITAS, KEPEMILIKAN MANAJERIAL DAN FREE CASH FLOW TERHADAP KEBIJAKAN HUTANG

Abstract

This research is meant to test whether the profitability, managerial ownership and free cash flow gives influence to the debt policy. Meanwhile, the sample of this research is Property and Real estate Company which is listed in Indonesia Stock Exchange. The sample collection technique of this research has been done by using purposive sampling method. The data type of this research has been done by using documentary data which is collected through capital market reference center (Indonesia Stock Exchange), Indonesia Stock Exchange website (www.idx.co.id). The research methodology of this research is used quantitative; meanwhile the analysis technique has been carried out by using multiple linear regressions analysis. The result of this research shows that the coefficient determination value is 27.9%, and partially the variables of profitability, managerial ownership, and free cash flow gives significant influence to the debt policy, also the result of hypothesis test i.e. the influence of variables of profitability and managerial ownership gives negative and significant influence to the debt policy, meanwhile free cash flow give positive and significant influence to the debt policy.
Kata kunci : profitabilitas, kepemilikan manajerial, free cash flow, kebijakan hutang.
Keywords: Profitability, managerial ownership, free cash flow, debt policy.