Corporate Characteristics and Leverage : Evidence from Indonesia

This study aims to analyze the effect of company characteristics on leverage in the manufacturing sector listed on the Indonesia Stock Exchange (IDX). The research was conducted using a qualitative approach and study’s secondary data was collected from the annual report of manufacturing companies listed in the Indonesia Stock Exchange for 2017-2019 using the purposive sampling technique, and 270 annual reports were obtained as the research sample. Model Analysis in this research is multiple linear regression analysis models. The results of this study showed that the total asset and liquidity have a negative and significant effect on leverage. The total sales, return on asset, return on sales and age have no significant effect on leverage. Keywords : Leverage, Corporat