PENGARUH FREE CASH FLOW, STRUKTUR ASET DAN RISIKO BISNIS TERHADAP KEBIJAKAN HUTANG PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2012-2018

Dwi Fredian Hudarangga Dewa, Abdul Wahid Mahsuni, Junaidi Junaidi

Abstract


ABSTRACT

This study aims to determine the effect of FCF, FAR, and Risk to DER at Manufacture Company registered in the Indonesian Stock Exchange (BEI) for the 2015-2018 period. The population in this study were 144 manufacturing companies listed on the Indonesian Stock Exchange (BEI), with Purposive Sampling technique for manufacturing companies listed on the Indonesian Stock Exchange (BEI) for the 2015-2018. Based on the criteria obtained there are 65 companies. This research method uses multiple linear regression analysis performed on data obtained from company’s financial statements examined using SPSS for Windows. The results showed that the independent variables Free Cash Flow (FCF), Asset Structure (FAR) and Business Risk (Risk) simultaneously has a significant effect on the dependent variable Debt Policy (DER). Partially the Free Cash Flow (FCF) variable  have a significant positive effect on Debt Policy (DER). Asset Structure (FAR) and Business Risk (Risk) have a significant negative effect on Debt Policy (DER).

Keywords : Free Cash Flow, Asset Structure, Business Risk, Debt Policy

Full Text:

PDF

Refbacks

  • There are currently no refbacks.


e_Jurnal Ilmiah Riset Akuntansi is indexed by:

e_Jurnal Ilmiah Riset Akuntansi is licensed under a Creative Commons Attribution 4.0 International License