Published: 2023-06-01

Determinan Kebijakan Utang (Studi Kasus Pada Badan Usaha Milik Negara (Bumn) Di Indonesia Periode 2019-2021)

DOI: 10.35870/jemsi.v9i3.1105

Ainul Faizah Zahroh, Hadi Pramono, Suryo Budi Santoso, Hardiyanto Wibowo
  • Ainul Faizah Zahroh: Muhammadiyah University Purwokerto ROR
  • Hadi Pramono: Muhammadiyah University Purwokerto ROR
  • Suryo Budi Santoso: Muhammadiyah University Purwokerto ROR
  • Hardiyanto Wibowo: Muhammadiyah University Purwokerto ROR
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Abstract

Penelitian ini bertujuan untuk mengkaji bagaimana struktur aset, free cash flow, invesment opportunity set, ukuran perusahaan berpengaruh terhadap kebijakan utang dalam studi kasus di Badan Usaha Milik Negara yang terdaftar di Bursa Efek Indonesia. Populasi penelitian ini adalah perusahaan BUMN yang tercatat sebanyak 89 perusahaan selama tahun 2019-2021. Sampel dipilih berdasarkan metode purposive sampling dan didapat sampel 27 perusahaan. Regresi data panel digunakan sebagai teknik analisis data. Hasil penelitian menunjukkan bahwa terdapat pengaruh negatif signifikan terhadap kebijakan utang antara struktur aset, FCF dan ukuran perusahaan. Namun, hubungan antara invesment opportunity set dan kebijakan utang tidak dapat dibuktikan dalam penelitian ini.

Keywords

DER, struktur aset, free cash flow, invesment opportunity set, ukuran perusahaan

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Zahroh, A. F., Hadi Pramono, Suryo Budi Santoso, & Hardiyanto Wibowo. (2023). Determinan Kebijakan Utang (Studi Kasus Pada Badan Usaha Milik Negara (Bumn) Di Indonesia Periode 2019-2021). JEMSI (Jurnal Ekonomi, Manajemen, Dan Akuntansi), 9(3), 565-576. https://doi.org/10.35870/jemsi.v9i3.1105
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This article has been peer-reviewed and published in the JEMSI (Jurnal Ekonomi, Manajemen, dan Akuntansi). The content is available under the terms of the Creative Commons Attribution 4.0 International License.

  • Issue: Vol. 9 No. 3 (2023)

  • Section: Articles

  • Published: 2023-06-01

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