Pengaruh Likuiditas, Struktur Aset, Profitabilitas dan Free Cashl Flowl terhadap Kebijakan Hutang

Dhistianti Mei Rahmawantari

Abstract


This study aims to examine the effect of Liquidity, Asset Structure, Profitability and Free Cash Flow on Debt Policy in Manufacturing Companies in the Consumer Goods Industry Sector Listed on the IDX for the 2018-2022 period. The data used in this research is quantitative data. The sampling technique using purposive sampling obtained a total sample of 155 data. The results showed that liquidity had no effect on debt policy, asset structure had no effect on debt policy, profitability had a significant effect on debt policy, and free cash flow had a significant negative effect on debt policy

Keywords


Debt Policy; Liquidity; Asset Structure; Profitability; Free Cash Flow

References


Abdurrahman, A. (2019) . Pengaruh Kepemilikan Institusional, Likuiditas, dan Pertumbuhan Perusahaan Terhadap Kebijakan Hutang (Studi Pada Perusahaan Pertambangan yang Terdaftar di BEI tahun 2015-2017). Jurnal Eksplorasi Akuntansi, Vol. 1, No. 2 .

Afiezan, A. (2020). The Effect of Free Cash Flow, Company Size, Profitability and Liquidity on Debt Policy (for Manufacturing Companies Listed on IDX in 2016- 2019 Periods). International Research and Critics Institute-Journal, Vol. 3, No. 4 .

Afnaini, R., & Tanjung, I. (2021). The Effect of Liquidity, Sales Growth and Profitability on Debt Policy (Study of Food and Beverage Sub Sector Manufacturing Companies Listed on the Indonesia Stock Exchange 2016-2018). Jurnal Riset Manajemen Indonesia, Vol. 3, No. 1 .

Desmintari & Yetty, F. (2018) Effect of Profitability, Liquidity and Assets Structure on The Company Debt Policy. International Journal of Business and Commerce, Vol.5, No.6 .

Dewa, D., & Mahsun, A. (2019). Pengaruh Free Cash Flow, Struktur Aset dan Risiko Bisnis Terhadap Kebijakan Hutang Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia Periode 2012-2018. Journal Research Akuntansi, Vol. 8, No. 9 .

Mardiyati, Qothrunnada., & Kurnianti, D. (2018). Pengaruh Kepemilikan Manajerial, Struktur Aset, Ukuran Perusahaan, Pertumbuhan Penjualan dan Profitabilitas Terhadap Kebijakan Hutang (Studi Pada Perusahaan Sektor Aneka Industri yang Terdaftar di Bursa Efek Indonesia Periode 2012-2016). Jurnal Riset Manajemen Sains Indonesia, Vol. 9, No. 1 .

Maldini, E. (2021). Pengaruh likuiditas, Profitabilitas dan Struktur Aset Terhadap Kebijakan Hutang Pada Perusahaan Manufaktur yang Terdaftar di BEI Tahun 2014-2018. Jurnal Ilmu dan Riset Akuntansi, Vol. 10, No. 3 .

Masril, & Jefriyanto. (2021). Faktor-Faktor yang Mempengaruhi Kebijakan hutang. Jurnal Ilmiah Akuntansi Kesatuan, Vol. 9, No. 3 .

Mukhibad, H., & Subowo (2020). Determinants of Debt Policy for Public Companies in Indonesia. Journal of Asian Finance Economics and Business, Vol. 7, No. 6 .

Nurdani, R., & Rahmawati, I. (2020). The Effect Size, Profitability, Dividend Policy, Asset Structure, Sales Growth and Free Cash Flow on Debt policy (On Manufacturing Companies listed on The Indonesia Stock Exchange 2015-2018). Andalas Managemen Review Journal, Vol. 4, No. 1 .

Nugraha, N., & Hakim, A. (2020). The Influence Company Size, Asset Structure, Company Growth, Profitability on Debt Policy. Jurnal Program Studi Pendidikan Ekonomi, Vol. 9, No. 1 .

Safitri, L., & Wulanditya, P. (2017). The Effect of Institutional Ownership, Managerial Ownership, Free Cash Flow, Firm Size and Corporate Growth on Debt Policy. Indonesian Accounting Journal, Vol. 7, No. 2 .

Saputri, S., & Harjito, Y. (2020). Analisis Faktor-Faktor Yang Mempengaruhi Kebijakan Hutang. Berkala Akuntansi Indonesia, Vol. 5, No. 2, hal 83-96 .

Sari, D., & Setiawan, M. (2021). Pengaruh Tangibility, Pertumbuhan Perusahaan, Risiko Bisnis dan Profitabilitas Terhadap Kebijakan Hutang (Studi Empiris pada Perusahaan Property anda Real Estate yangTerdaftar di Bursa Efek Indonesia tahun 2017-2019). Jurnal Eksplorasi Akuntansi, Vol. 3, No. 2 .

Simorangkir, R. (2019). Analisis Implikasi Struktur Aset, Profitabilitas, dan Dividend Policy Terhadap Debt Policy. Jurnal Riset Akuntansi, Vol. 10, No. 1, hal. 28-48 .

Utami, W.B., & Suprihati. (2021). The Effect of Liquidity, Asset Structure and Profitability on Debt policies of Trading Companies Listed on The IDX 2016-2019. International Journal of Economics, Business and Accounting Research, Vol. 5, No. 2 .

Veronica, A. (2020). Kebijakan Hutang Pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia. Jurnal Media Wahana Ekonomika, Vol. 17, No. 1 .

Wibowo, T.S., & Lusy. (2021). The Effect of Free Cash Flow, Company Growth and Profitability on Debt Policy on Mining Sector Companies Listed on The Indonesia Stock Exchange. Interntional Journal of Economics, Business and Accounting Research, Vol. 5, No. 4 .

Zulkarnaen, W., Fitriani, I., & Yuningsih, N. (2020). Pengembangan Supply Chain Management Dalam Pengelolaan Distribusi Logistik Pemilu Yang Lebih Tepat Jenis, Tepat Jumlah Dan Tepat Waktu Berbasis Human Resources Competency Development Di KPU Jawa Barat. Jurnal Ilmiah MEA (Manajemen, Ekonomi, & Akuntansi), 4(2), 222-243. https://doi.org/10.31955/mea.vol4.iss2.pp222-243 .

https://www.cnbcindonesia.com/market/20200506113732-17-156651/waspada-deretan- emiten-tekstil-ini-punya-rasio-utang-tinggi .




DOI: http://dx.doi.org/10.35137/jabk.v9i3.823

Copyright (c) 2022 Dhistianti Mei Rahmawantari

Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.

Editorial Office
Jurnal Akuntansi dan Bisnis Krisnadwipayana (JABK)

Universitas Krisnadwipayana
Kampus Unkris Jatiwaringin Pondok Gede Jakarta Timur 17411
Email: jurnalakuntansi.prodi@gmail.com




Creative Commons Licence

This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.