PENGARUH KEPEMILIKAN MANAJERIAL DAN KEPEMILIKAN INSTITUSIONAL TERHADAP KEBIJAKAN HUTANG PADA PERUSAHAAN MANUFAKTUR DI INDONESIA

AJI, Bagus Guntur Wahyu Setyo and PRASTIWI, Andri (2011) PENGARUH KEPEMILIKAN MANAJERIAL DAN KEPEMILIKAN INSTITUSIONAL TERHADAP KEBIJAKAN HUTANG PADA PERUSAHAAN MANUFAKTUR DI INDONESIA. Undergraduate thesis, Universitas Diponegoro.

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Abstract

Ownership structure on relationship with agency theory will influence debt policy. The purpose of this research is to test the effect of managerial ownership and institutional ownership to corporate policy in the perspective of agency theory. This research also tested four control variable, there are firm size, asset structure, earning volatility, and stock volatility. This research based on Wahidahwati (2001) research hypothesis, which found that managerial and institutional ownership have the negative and significant effect to debt policy. This research focused on manufacturing companies listed in Bursa Efek Indonesia for period 2003-2007. The method of data collection is done by using pooling method and give 135 firm year observation. The statistical method used in this research is multiple regression. The Result of this research shows that managerial and institusional ownership haven’t the significant effect to the debt policy. But the control variables that are firm size and earning volatility have the significant effect to the debt policy.

Item Type:Thesis (Undergraduate)
Additional Information:manajerial ownership, institutional ownership, debt policy, firm size, asset structure, earning volatility, stock volatility.
Uncontrolled Keywords:manajerial ownership, institutional ownership, debt policy, firm size, asset structure, earning volatility, stock volatility.
Subjects:H Social Sciences > H Social Sciences (General)
Divisions:Faculty of Economics and Business > Department of Accounting
ID Code:29846
Deposited By:Mr. Perpustakaan Fakultas Ekonomi
Deposited On:13 Oct 2011 10:16
Last Modified:13 Oct 2011 10:16

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