Pengaruh Kebijakan Dividen, Free Cash Flow, Struktur Aset, Ukuran Perusahaan Dan Umur Perusahaan Terhadap Kebijakan Hutang Pada Perusahaan Manufaktur BEI

ABSTRACT This research aimed to analyze the effect of dividend policy, free cash flow, assets structure, firm size and firm age to debt policy in manufacturing company. In this study, the debt policy is measured using debt to equity ratio.The statistical method used in this research is multiple linear regression analysis using SPSS 23th to process the data. The data used in this research are secondary data from the annual publication of financial statements of manufacturing companies listed in Indonesia Stock Exchange and have been audited during the period 2014 to 2018. The numbers of observation data obtained during five years are data and found 55 outliers, so that obtained 580 observational data are processed in the research.The results showed that the firm size has a positive influence on the company’s debt policy, while the dividend policy, free cash flow, asset structure and firm age did not affect the company’s debt policy