Jurnal Manajemen
Vol 11 No 3 (2023): Jurnal Manajemen

THE INFLUENCE OF INSTITUTIONAL OWNERSHIP AND DIVIDEND POLICY COMPANY SIZE ON DEBT POLICY

Selpi Kurniawati (Mulia Darma Pratama College of Economics Palembang)
Destia Aktarina (Mulia Darma Pratama College of Economics Palembang)
Iin Hendrayani (Mulia Darma Pratama College of Economics Palembang)
Debi Carolina (Mulia Darma Pratama College of Economics Palembang)
Muhamad Helmi (Mulia Darma Pratama College of Economics Palembang)



Article Info

Publish Date
06 Oct 2023

Abstract

Debt policy is influenced by various factors including company size, liquidity, company profitability, company internal conditions, asset structure, dividend policy, institutional ownership, managerial ownership, and company growth. The purpose of this study is to find out how the partial and simultaneous influence of institutional ownership, dividend policy, company size, and debt policy on food and beverage sub-sector companies listed on the Indonesia Stock Exchange for the 2017-2021 period. This research method is quantitative. The data analysis method in this research is descriptive and verification. This study uses samples from the food and beverage sub-sector companies listed on the Indonesia Stock Exchange which were selected using the purposive sampling method. The population of this study was 30 companies with a sample of 8 companies. The results of this study indicate that there is a partial effect of institutional ownership and company size on debt policy, while the dividend policy partially has no effect on debt policy in food and beverage sub-sector companies listed on the Indonesia Stock Exchange for the 2017- 2021 season. The coefficient of determination is the ability of variable X to influence variable Y, while the results of the coefficient of determination produced are 25.2% so it can be interpreted that the influence of institutional ownership (X1) and company size (X3) on debt policy (Y) is 25.2% and the remaining 74.

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Journal Info

Abbrev

jm

Publisher

Subject

Economics, Econometrics & Finance

Description

Jurnal Manajemen is a scientific communication media published by the Management Study Program, Faculty of Economics, University of Palembang. The Management Journal is dedicated to researchers and academics who wish to publish research papers, technical papers, conceptual papers, and case study ...