THE EFFECT OF MANAGERIAL OWNERSHIP, DIVIDEND POLICY, COMPANY SIZE, PROFITABILITY AND FREE CASH FLOW ON DEBT POLICY AND VALUE COMPANY

Yuni Kusuma Arumsari

Abstract


This type of research is descriptive quantitative. Manufacturing population of 61 companies and based on criteria by using purposive sampling method, the number of samples used in this study is 15 companies. The analysis technique used in this study is SEM analysis with the help of SPSS AMOS 22 program. The result of this study suggests that : i)Managerial ownership, dividend policy, firm size, profitability and free cash flow have a significant effect on company’s debt policy. Ii) Managerial ownership,  dividend policy, firm size, profitability and free cash flow have significant effect on company value policy, while dividend policy, firm size does not significantly influence company value policy; iii) Debt policy has a significant effect on firm value and iv) Debt policy can be a mediator variable for managerial, dividend policy, firm size, profitability and free cash flow to company value.


Keywords


finance, dividend, profitability, free cash, debt policy and corporate value

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