Pengaruh Kepemilikan Manajerial, Kebijakan Dividen, Struktur Aktiva, Pertumbuhan Penjualan, dan Ukuran Perusahaan terhadap Kebijakan Utang

This research was conducted to examine the effect of managerial ownership, dividend policy, assets tangibillity, sales growth, and firm size on company's debt policy. The objective of research to know the influence of managerial ownership, dividend policy, assets tangibillity, sales growth, and firm size on company's debt policy that go public on manufacture firms on Indonesian Stock Exchange (IDX), from 2008 to 2010. Samples taken in this study consisted of 13 companies. This study used a purposive sampling. The analysis used is multiple regression analysis to see the independent variables influence the dependent variable either jointly or individually. The results showed that dividend policy negative effect on debt policy, assets tangibillity and sales growth positive effect on debt policy, while managerial ownership and firm size does not affect on debt policy. Simultaneously, all the independent variables significantly influence the debt policy