企业债务政策的决定因素

Proceedings of the 2nd International Conference on Applied Science, Engineering and Social Sciences Pub Date : 1900-01-01 DOI:10.5220/0009879401300133

Sri Yuli Waryati, Anggi Devita Sari

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引用次数: 0

摘要

本研究旨在检验和分析以机构所有权、自由现金流和杠杆为形式的自变量对以债务政策为形式的因变量的影响。本研究的人口是2015年至2017年期间在印度尼西亚证券交易所上市的保险公司。采用有目的抽样方法，对35家企业进行了抽样。使用的数据分析技术是描述性统计和多元线性回归分析形式的假设检验。检验结果表明，自由现金流量变量对债务政策的影响不存在不显著的负向影响。机构所有权变量对债务政策的正向影响不显著。杠杆变量对债务政策有显著的负向影响。自由现金流、机构所有权和杠杆能够共同影响债务政策29.5%。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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The Determinant of the Debt Policy of the Firm

: This study aims to examine and analyze the effect of independent variables in the form of, institutional ownership, free cash ﬂow, and leverage on the dependent variable in the form of debt policy. The population in this study are insurance companies listed on the Indonesia Stock Exchange for the period 2015 to 2017. Based on the purposive sampling technique, a sample of 35 companies was obtained. The data analysis technique used is descriptive statistics and hypothesis testing in the form of multiple linear regression analysis. The test results show that the free cash ﬂow variable does not have a negative and insigniﬁcant effect on debt policy. Institutional ownership variables do not have a positive and insigniﬁcant effect on debt policy. Leverage variables have a signiﬁcant negative effect on debt policy. Free cash ﬂow, institutional ownership and leverage are able to inﬂuence debt policy together by 29.5%.

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Proceedings of the 2nd International Conference on Applied Science, Engineering and Social Sciences

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