PENGARUH UKURAN PERUSAHAAN, PROFITABILITAS DAN KEBIJAKAN DIVIDEN TERHADAP KEBIJAKAN UTANG

Abstract

This research aimed to examine the effect of company size, profitability and divident policy on debt policy at industrial manufacturing companies which stated in Indinesia Stock Exchange 2012-2016. The sampling collection technique used purposive sampling, a sampling method with certain considerations, with 18 companiesof consumption, according to the considerations, which stated in Indinesia Stock Exchange 2012-2016. Ther were 90 observations. While, the secondary data was financial report of Indinesia Stock Exchange. Moreover, the data analysis technique used multiple linier analysis with SPSS (Statistical Product and Service Solution). Based on the research result, company size had positive effect on debt policy it means that the larger the size of the company it would be a higher value than the debt-to-equity ratio (DER). While, profitability had negative effect on debt policy it means that the greater profitability, the smaller the debt policy. On the other hand, divident policy did not affect on debt policy.
Keywords : company size, profitability, divident, debt policy