Pengaruh Kepemilikan Institusional, Ukuran Perusahaan, Profitabilitas Terhadap Kebijakan Hutang Pada Perusahaan Manufaktur Yang Terdaftar Di Bursa Efek Indonesia Tahun 2014-2018

The Influence of Institusional Ownership, Company Size, Profitability on Debt Policy in Manufacturing Companies Listed on the Indonesia Stock Exchange 2014-2018

Penelitian ini bertujuan untuk mengetahui pengaruh kepemilikan institusional, ukuran perusahaan, profitabilitas terhadap kebijakan hutang. Populasi yang digunakan ialah perusahaan manufaktur subsektor Food and Beverage  yang terdaftar di BEI pada tahun 2014-2018. Lewat purposive sampling, didapati 48 perusahaan yang memenuhi kriteria. Penelitian ini berkategori penelitian kuantitatif dengan analisis regresi linear berganda sebagai alat ujinya. Hasil penelitian mengindikasikan kepemilikan institusional dan ukuran perusahaan tidak memengaruhi kebijakan hutang, sementara profitabilitas memengaruhinya. 

Kata Kunci: kepemilikan institusional; ukuran perusahaan; profitabilitas; kebijakan hutang 

This study was aimed at determining the effect of institutional ownership, company size, profitability on debt policy. The population utilized was subsector food and beverage mining companies listed in Indonesia Stock Exchange in 2014-2018.

Through the purposive sampling method, there were 48 companies meeting the criteria. This study was categorized as quantitative research with multiple linear regression analysis as a test tool. The results demonstrated that institutional ownership and company size had no effect on debt policy, while profitability affected on it.

Keywords: institution ownership; company size; profitability; debt policy.