Pengaruh Profitabilitas, Ukuran Perusahaan, Umur Perusahaan, Dan Struktur Aset Terhadap Kebijakan Hutang

Abstract

The purpose of this research is to empirically examine about the effect of profitability, firm size, firm age, and tangibility on debt policy at manufacturing companies listed in Indonesia Stock Exchange during the period 2015-2017. This research used purposive sampling method to obtain research samples and consists of 66 manufacturing companies listed in Indonesia Stock Exchange during the period 2015-2017. The statistical method used in this research is multiple linear regression analysis. This research used the SPSS version 23 program to process the data. The results showed that the profitability and tangibility had a significant negative effect on debt policy, the firm size had a significant positive effect on debt policy, while the firm age did not affect on debt policy