所有权结构与债务政策:代理理论的方法

Indana Afiah, Lia Uzliawati, Munawar Muchlish
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引用次数: 0

摘要

债务政策是管理层为公司运营获取外部资金来源而采取的一项政策。本研究中的股权结构以管理层持股和机构持股为代表。本研究旨在确定管理层所有权和机构所有权对债务政策的影响。这项研究是对2017-2021年在印度尼西亚证券交易所上市的房地产公司进行的。样本数量为79家,采用目的性抽样技术。使用的分析技术是多元线性回归。结果表明,管理层持股对债务政策没有显著影响,而机构持股对债务政策有显著的正向影响。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
Struktur Kepemilikan Dan Kebijakan Hutang : Pendekatan Teori Agency
Debt policy is a policy taken by the management to obtain external sources of funding for the company's operations. The ownership structure in this study is proxied by managerial ownership and institutional ownership. This study aims to determine the effect of managerial ownership and institutional ownership on debt policy. This research was conducted on property and real estate companies listed on the Indonesia Stock Exchange in 2017-2021. The number of samples used is 79 companies with purposive sampling technique. The analysis technique used is multiple linear regression. The results showed that Managerial Ownership did not have a significant effect on debt policy, while institutional ownership had a significant positive effect on debt policy.
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