Pengaruh Faktor Mikroekonomi dan Makroekonomi Terhadap Kebijakan Hutang Perusahaan

Abstract

The purpose of research is to get empirical evidence about the effect of microeconomics and macroeconomics factors to debt policy. This research used the Financial Companies which is listed in Indonesia stock exchange started the year 2014-2018 with total 32 Companies. Samples are selected based on purposive sampling method with the purpose to get sample according to research aim. Sample consists of 160 observations. The analytical technique was multiple regressions. The research results show that microeconomics factors which are proxied by corporate growth, corporate size, and blockholder ownership has significant effect to debt policy. However, macroeconomics factors which are proxied by political stability and inflation rates has no significant effect to debt policy.

Determinan Kebijakan Utang Perusahaan di Masa Pandemi Covid-19 (Studi Empiris Pada Perusahaan Publik yang Terdaftar di Bursa Efek Indonesia)

“…Hasil Penelitian (Nugraha et al, 2020); (ZA et al, 2021); (Rosmawati & Anggraini, 2021); (Dewi & Sudiartha, 2017) Profitabilitas tidak berpengaruh terhadap kebijakan utang perusahaan (Wijayanti, 2018); (Pratama et al, 2020); (Amri et al, 2020) Kondisi Makroekonomi berpengaruh terhadap kebijakan utang perusahaan (Putri et al, 2019); (Julimar & Priyadi, 2021); (Saputra et al, 2020) Kondisi Makroekonomi tidak berpengaruh terhadap kebijakan utang perusahaan (Maxwell & Kehinde, 2012); (Hermuningsih, 2013); (Agusentoso, 2017) Nilai perusahaan berpengaruh terhadap kebijakan utang perusahaan (Oktaviani et al, 2019) Nilai perusahaan tidak berpengaruh terhadap Sumber data yang digunakan dalam penelitian ini adalah data sekunder. Menurut Sekaran & Bougie (2016) data sekunder adalah data yang tidak diperoleh langsung dari pihak yang diperlukan datanya.…”