ANALISIS FAKTOR-FAKTOR KEBIJAKAN HUTANG PADA PERUSAHAAN PROPERTI DAN REAL ESTATE
Main Article Content
Abstract
This study aims to analyze the effect of earning volatility, liquidity, asset structure, free
cash flow, and sales growth on debt policy in property and real estate companies for the
2017-2019 period. This type of research is descriptive research using a purposive sampling
method in determining the sample. The sample in this study used 35 property and
companies real estate listed on the Indonesia Stock Exchange. Hypothesis testing in this
study using multiple regression analysis methods. This study performs data processing
using software SPSS(Statistical Package for the Social Sciences) version 25. The results
show that earning volatility and sales growth have no significant effect on debt policy,
liquidity has a significant negative effect on debt policy. asset structure has a significant
positive effect on debt policy, and free cash flow has a significant negative effect on debt
policy.
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