Indonesia Auditing Research Journal
Vol. 13 No. 3 (2024): September: Auditing, Finance, IT Plan, IT Governance, Risk

Influence of sales growth, profitability, asset structure, company size, and free cash flow on debt policy

Dewi, Gita Primadhany Mutiara (Unknown)
Kusumawati, Eny (Unknown)

Article Info

Publish Date
27 Jul 2024

Abstract

Debt policy plays a role in a company as a means of obtaining funds regulated by corporate governance, both internal and external. This research explores how debt policy in non-financial firms listed on the Indonesia Stock Exchange from 2020 to 2022 is influenced by factors such as sales growth, profitability, asset structure, firm size, and free cash flow. Employing purposive sampling, the study identified 648 companies that met the necessary criteria for observation. The analysis was conducted using multiple linear regression. The findings reveal that both profitability and firm size significantly impact debt policy. In contrast, sales growth, asset structure, and free cash flow do not show a significant effect on debt policy.

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Journal Info
Indonesia Auditing Research Journal
Website

Abbrev

ARJ

Publisher

Institute of Accounting Research and Novation

Subject

Computer Science & IT Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Languange, Linguistic, Communication & Media

Description

Indonesia Auditing Research Journal is a high-quality specialist journal that publishes articles from the broad spectrum of auditing. Its primary aim is to communicate clearly, to an international readership, the results of original auditing research conducted in research institutions and/or in ...