CD Skripsi
Investment Opportunity Set (Ios) Sebagai Pemoderasi Pengaruh Profitabilitas, Kepemilikan Manajerial, Dan Free Cash Flow Terhadap Kebijakan Hutang (Studi Empiris Pada Perusahaan Manufaktur Yang Terdaftar Di Bursa Efek Indonesia Periode 2016-2018)
This study aims to determine the effect of profitability, managerial
ownership and free cash flow on debt policies moderated by the Investment
Opportunity Set (IOS). This research was conducted at manufacturing companies
listed on the Indonesia Stock Exchange period 2016-2018. The data used in this
study is secondary data, namely the Annual Financial Report. The population in
this study were all manufacturing companies listed on the Indonesia Stock
Exchange in the 2016-2018 period. The number of samples in this study were 53
samples for 3 years using purposive sampling. The analysis technique in this
study used multiple regression analysis and moderated regression analysis (MRA)
and was carried out using of the SPSS program ver. 25.0. The results of this study
indicate that Profitability affects debt policy, managerial ownership affects debt
policy, free cash flow influences debt policy. Furthermore through the conducted
in this study, the results obtained investment opportunity set was able to moderate
the effect of profitability on debt policy, investment opportunity set was not able to
moderate the effect of managerial ownership on debt policy, investment
opportunity set was able to moderate the effect of free cash flow on debt policy.
Keywords: Investment Opportunity Set, Profitability, Manajerial Ownership, free
cash flow, Dep Policy
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