Pembimbing : Ida Musdafia

Abstrak:
This research aims to provide empirical evidence on the effect of managerial ownership, free cash flow, company growth and asset structure on debt policy.

Sample used in this research are manufacturing company listed in Indonesia Stock Exchange in 2016-2018 using purposive sampling method and obtained 32 companies. This research used secondary data of annual report or financial statement obtained from Indonesia Stock Exchange (IDX) or company website in 2016-2018 period. Data were analyzed using multiple regression method. The analysis technique used is Eviews 9.0 statistical program.

The result of this research are managerial ownership has a negative significantly effect to debt policy and asset structure has a positive significantly effect to debt policy. Whereas free cash flow and company growth do not have a significantly effect to debt policy. In addition, managerial ownership, free cash flow, company growth and asset structure simultaneously has a significant effect to debt policy.

Keywords: Managerial Ownership, Free Cash Flow, Company Growth, Asset Structure, Debt Policy