Determinants of debt policy in Indonesia’ public company  

Oleh:

Margaretha, Farah

Jenis: Article from Proceeding
Dalam koleksi: SIBR-Thammasat 2014 Conference on Interdisciplinary Business & Economics Research June 5th- 7th, 2014 di Emerald Hotel Bangkok, page 1-6.
Topik: firm size; growth rate; industry sector; leverage; non debt tax shield; tangibility of assets; profitability; tax rate
Fulltext: b14-016.pdf (69.65KB)

Isi artikel

This study is aim at finding the factors that affect the public company's debt policy in Indonesia. The samples used in this study were non-financial companies listed on the Indonesia Stock Exchange (BEI) for the period 2007-2011. The independent variables in this study are firm size, tangibility of assets, profitability, tax rate, non-debt tax shield, and the industrial sector growth rate while the dependent is leverage. The analysis method used is multiple regressions. Based on the results of the t test showed that tangibility of assets, profitability and growth rate has an influence on leverage, while firm size, tax rate, non-debt tax shield and industry classification had no effect on leverage. These results demonstrate the company's management needs to consider factors that include tangibility of assets, profitability, and growth rate, the debt policy decisions.

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