KEPEMILIKAN SAHAM, KEBIJAKAN DIVIDEN, KARAKTERISTIK PERUSAHAAN, RISIKO SISTIMATIK, SET PELUANG INVESTASI DAN KEBIJAKAN HUTANG [JURNAL]
KEPEMILIKAN SAHAM, KEBIJAKAN DIVIDEN, KARAKTERISTIK PERUSAHAAN, RISIKO SISTIMATIK, SET PELUANG INVESTASI DAN KEBIJAKAN HUTANG
Yulius Kurnia Susanto
STIE Trisakti
yulius@stietrisakti.ac.id
Abstrak: The purpose of the research was to obtain empirical evidence
that managerial and institutional ownership, dividend policy, firm
growth, profitability, firm size, systematic risk, investment opportunity
set and asset structure affect debt policy. The population in this research
are all companies that listed in Indonesia Stock Exchange with the
observation period 2005 to 2008. The sample selection was done by
using purposive sampling method. Data used in this research was
obtained from financial statement and Fact Book, performance summary
of listed companies and BAPEPAM-LK. Data analysis used a multiple
regression analysis. The results of this research are managerial ownership,
cash dividend policy, profitability, firm size, investment opportunity set
and asset structure affect debt policy. While the institutional ownership,
firm growth and systematic risk not affect debt policy. Manager who
owns shares in his company tends to use funds from retained earnings and share capital. They will distribute cash dividends to attract in-
vestors to buy shares. Source of funds from obligation providing a risk to the company.
Keywords: Debt policy, managerial and institutional ownership,
cash dividend policy, firm growth, profitability, firm
size, systematic risk, investment opportunity set and
asset structure.
LINK DOWNLOAD : GD
Jika Anda menyukai Artikel di blog ini, Silahkan
klik disini untuk berlangganan gratis via email, Anda akan mendapat kiriman artikel setiap ada artikel yang terbit di Our Akuntansi
0 komentar:
Post a Comment