The Influence of Institutional Ownership, Dividend Policy, Profitability, and Company Sizes on Debt Policy
Bambang Leo Handoko1, Rizky Nurviadin2
1Bambang Leo Handoko*, Accounting Department, Faculty of Economics and Communication, Bina Nusantara University, Jakarta, Indonesia.
2Rizky Nurviadin, Accounting Department, Faculty of Economics and Communication, Bina Nusantara University, Jakarta, Indonesia.
Manuscript received on November 15, 2019. | Revised Manuscript received on 23 November, 2019. | Manuscript published on December 10, 2019. | PP: 2534-2540 | Volume-9 Issue-2, December 2019. | Retrieval Number: B7147129219/2019©BEIESP | DOI: 10.35940/ijitee.B7147.129219
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© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC-BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: In some public companies, sometimes the shareholders were also becomes management, this situation is called institutional ownership. The aim to our research is acquired empirical result regarding effect of management stock owner on the company, dividend policy, returns on asset and company total asset on liability to total asset. Our research focus is on public companies which listing in Indonesia Stock Exchange along 5 consecutive years (2014 until 2018). Data collection used purposive sampling method by using 17 companies meet the criteria and take as sample. We use financial data acquired from stock exchange website. We used ordinary least square statistical analysis using statistical software to test our hypothesis. This study concluded that institutional share, dividend payment procedure, and company total asset have negative and not significant impact on company liabilities. Otherwise, profitability affect in opposite direction and significant to company liabilities.
Keywords: Debt, Policy, Institutional, Ownership, Dividend, Profitability, Firm, Size
Scope of the Article: Industrial Engineering