ANALYSIS OF FACTORS INFLUENCING DEBT POLICY IN PHARMACEUTICAL COMPANIES
DOI:
https://doi.org/10.53695/injects.v2i1.231Keywords:
Asset Structure, Profitability, Debt PolicyAbstract
Debt policy is one of the external funding decisions. Debt policy is the company's policy of using debt funds by maximizing the debt to obtain a high level of return on profits. This study aims to determine the effect of Asset Structure and Profitability on Debt Policy on Pharmaceutical companies listed on the Indonesia Stock Exchange. This research approach uses an associative approach. The population used is 9 companies, the method of determining the number of samples in this study is non-probability sampling and the selected sample as many as 7 companies. The results showed that the Asset Structure partially had no significant effect on Debt Policy, while Profitability had a negative and significant impact on debt policy. Then simultaneously the Asset Structure and Profitability have a significant effect on debt policy on pharmaceutical companies listed on the Indonesia Stock Exchange.References
Azuar Juliandi dan Irfan (2013). Metodologi Penelitian kuantitatif untuk ilmu-ilmu bisnis. Bandung : Ciptapustaka Media Perintis
Bambang Riyanto (2008). Dasar-Dasar Pembelanjaan Perusahaan. Edisi keempat Cetakan Kedelapan. Yogyakarta : BPFE-Yogyakarta.
Bringham, Eugene F dan Houston, Joel F (2010). Dasar-Dasar Manajemen Keuangan. (Terjemahan oleh Ali Akbar Yulianto) Edisi 11 Buku Satu. Jakarta : Salemba Empat.
Harahap, Sofyan Syafri (2010). Analisis Kritis Atas Laporan Keuangan. Jakarta : PT RajaGrafindo Persada.
Ilham Saputra Siregar (2013). Pengaruh Struktur Aktiva dan Profitabilitas Terhadap Kebijakan Hutang pada Perusahaan Kimia yang Terdaftar di Bursa Efek Indonesia (BEI). Skripsi Universitas Muhammadiyah Sumatera Utara, Medan.
Jumingan (2009). Analisis Laporan Keuangan. Cetakan Ketiga. Jakarta : PT Bumi Aksara.
Kasmir (2012). Analisis Laporan Keuangan. Cetakan Kelima. Jakarta : PT RajaGrafindo Persada.
Lukman Syamsuddin (2009). Manajemen Keuangan Perusahaan. Edisi Baru. Jakarta : PT RajaGrafindo Persada.
Munawir, S (2010). Analisa Laporan Keuangan. Edisi Keempat Cetakan Kelima belas. Yogyakarta : Liberty Yogyakarta.
Raharjaputra, Hendra S (2011). Manajemen Keuangan dan Akutansi. Cetakan Pertama. Jakarta : Salemba Empat.
Sugiyono (2007). Metode Penelitian Bisnis. Cetakan Kesepuluh. Bandung : CV Alfabeta.
Van Horne, James C dan Wachowicz JR, Jhon M (2007). Prinsip-Prinsip Manajemen Keuangan. (Terjemahan oleh Dewi Fitriasari, dkk). Edisi 12 Buku dua. Jakarta : Salemba Empat.
