| dc.description.abstract | This study aims to determine: (1) the effect of Managerial Ownership on Policy
Debt Manufacturing Companies listed on the Stock Exchange, (2) the effect of
Institutional Ownership on Policy Debt Manufacturing Companies listed on the Stock
Exchange, (3) the effect of Dividend Policy on Policy Debt Manufacturing Company
listed on the Stock Exchange, (4) the effect on the Company's Growth Debt Policy
Manufacturing Companies listed on the Stock Exchange, and (5) the effect of
profitability on Debt Policy Manufacturing Companies listed on the Stock Exchange.
The population in this research is manufacturing companies listed in Indonesia
Stock Exchange 2011-2015 period. The sampling technique used purposive sampling
with a sample of 15 companies. Data collection technique used documentation. The
data analysis technique is multiple regression.
The results showed that: (1) Managerial Ownership debt policy has no effect on
manufacturing companies in BEI, this is evidenced by the value of regression coefficient
of -0.402 and significance value of 0.896; (2) Institutional Ownership positive effect on
the debt policy manufacturing company on the Stock Exchange, this is evidenced by the
value of regression coefficient of 0.454 and a significance value of 0.031; (3) Dividend
Policy The positive effect on the debt policy manufacturing company on the Stock
Exchange, this is evidenced by the value of regression coefficient of 0.788 and a
significance value of 0.008; (4) does not affect the Company's Growth Debt Policy
manufacturing company on the Stock Exchange, this is evidenced by the value of
regression coefficient of 0.145 and a significance value of 0.424; and (5) Profitability
negatively affect the Debt Policy manufacturing company on the Stock Exchange, this is
evidenced by the value of regression coefficient of -1.971 and significance value of
0.000 | en_US |
