PENGARUH PROFITABILITAS, STRUKTUR ASET DAN UKURAN PERUSAHAAN TERHADAP KEBIJAKAN HUTANG

Abstract

Company funding comes from the internal funds and external funds. When internal funds does not meet the company needs, the company will have external funds. While, the debts policy is one of the external funds. Therefore, the management needs to consider various factors that affect the debts policy before having the policy implemented. This research aimed to find out the effect of profitability, asset structure and firm size on the debts policy. Moreover, the population was 35 transportation companies which were listed on Indonesia Stock Exchange (IDX) 2014-2017. Furtermore, the data was taken from Indonesia Stock Exchange Corner Gallery STIESIA Surabaya. In addition, the data collection technique used purposive sampling technique, in which there were 12 companies as sample. For the data analysis technique, it used multiple linier regression with SPSS (statistical Product and Service Solution). The research result concluded profitability and asset structure had positive and significant effect on the debts policy. On the other hand, the firm size had positive but significant effect on the debt policy.
keyword : profitability, asset structure, firm size, debts policy.