PENGARUH KEBIJAKAN DIVIDEN, STRUKTUR ASET, PROFITABILITAS, DAN UKURAN PERUSAHAAN TERHADAP KEBIJAKAN HUTANG (study pada perusahaan LQ-45 yang terdaftar di BEI tahun 2011-2015)

Debt is one of the external sources of funding used by the company to meet the needs of the company. Decision-making should consider the composition of debt, equity, and costs incurred by the debt so that the company has an optimal capital structure. The purpose of this research was to investigate the effect of dividend policy, asset structure, profitability, and the size of the company debt policy. The dependent variable were used in this study is the debt policy, while the independent variable is the dividend policy, asset structure, profitability, and firm size. Samples were taken by using purposive sampling technique. The final sample as many as 56 company of LQ-45 listed on the Indonesia Stock Exchange (IDX) in the years 2011-2015. Technical analysis of the data used in this research is the analysis of descriptive statistics, normality test, multiple linear regression, simultaneous test (test-f), the coefficient of determination (R ²), and a partial test (t-test). The results of this study indicate that the asset structure and profitability significant negative effect on debt policy. While variable size companies significant positive effect on debt policy, and the dividend policy does not affect the debt policy. Keywords: debt policy, dividend policy, asset structure , profitability, firm Siz