FAKTOR-FAKTOR YANG MEMPENGARUHI STRUKTUR MATURITAS HUTANG

Abstract

This research analyzes some factors which influence the debt maturity. This research is meant to find out
whether firm size, asset maturity, leverage, profitability, company growth and tax effects have influence to the
debt maturity of company. The samples are 15 food and beverages companies which are listed in Indonesia Stock
Exchange (IDX) in 2012-2014 periods. The sample collection method has been done by using purposive
sampling. The data of this research is annual financial statement of the companies which are listed in Indonesia
Stock Exchange. The data analysis method has been done by using multiple linear regressions. The result of this
research shows that firm size and asset maturity have significant and positive influence to the debt maturity,
meanwhile company growth has significant and negative influence to the debt maturity. Leverage, profitability
and tax effects do not have any significant influence to the debt maturity. Based on the result of this research it
can be concluded that in determining the debt maturity of the company, it is expected to involve in determining
some factors which have influence to the debt maturity i.e. firm size, asset maturity and company growth, so it
can determine the exact period of the debt.

Keywords: Debt Maturity, Agency Theory, Signaling Theory, Matching Maturity, Trade Off.