PENGARUH KEPEMILIKAN MANAJERIAL, STRUKTUR AKTIVA, UKURAN PERUSAHAAN, PERTUMBUHAN PENJUALAN DAN PROFITABILITAS TERHADAP KEBIJAKAN UTANG PADA PERUSAHAAN SEKTOR ANEKA INDUSTRI YANG TERDAFTAR DI BURSA EFEK INDONESIA (BEI) PERIODE 2012 – 2016

Qothrunnada, 2017; The Effect of Managerial Ownership, Structure of Asset, Firm Size, Sales Growth and Profitability to the Debt Policy on Miscellaneous Industry Sectors Listed by IDX Period 2012 - 2016. Thesis, Jakarta: Concentration in Finance, Study Program of Management, Faculty of Economic, State University of Jakarta. The aim of this study is to determine the effect of Managerial Ownership, Structure of Asset, Firm Size, Sales Growth and Profitability to the Debt Policy on Miscellaneous Industry Sectors Listed by Indonesia Stock Exchange (IDX) Period 2012 – 2016 with 96 sample units. Independent Variable of these study are Managerial Ownership, Structure of Asset, Firm Size, Sales Growth and Profitability. While dependent variable is Debt Policy (DER and DAR). The sampling method of this study is purposive sampling technique. The research model in this study employs panel data analysis with Fixed Effect Model and Random Effect Model approach. The empirical result shows that Managerial Ownership and Structure of Asset do not have significantly influences to the Debt Policy (DER and DAR), Firm Size have posotive significant influences to Debt to Equity Ratio (DER) and negative significant influences to Debt Policy (DAR), Sales Growth and Profitability have positive significant influences to Debt Policy (DER), whereas to Debt Policy (DAR) do not have significantly influences. Robustness check results indicate that managerial ownership, structure of asset and firm size have robust results. While sales growth and profitability do not have robust results. Key Words: Debt Policy, Managerial Ownership, Structure of Asset, Firm Size,Sales Growth, Profitabilit