The Effect Asset Structure, Corporate Growth and Profitability to Corporate Debt Policy

Abstract

The study was ex post facto with quantitive method. This study used purposive sampling method in order to collect the sample. Based on certain criteria, there were 30 manufacturing companies that matched with the sample, the statistical method used in this study was multiple regression.The result of this study, asset structure and significant 0,00 and negative -0,362 effect on debt policy. The company’s growth and positive 1,514 and significant 0,01impact on the debt policy. Profability and  significant 0,08 and negative -0,29 effect on the debt policy. The coefficient of determination of 0,395 or 39,5%, indicated that the abilitty of independent variables in explained debt policy variable was 39,5%, while the remaining 60,5% was explained by other variable outside the research variables. The multiple linear regression equation was

Y = -0,362 – 0,362AST +1,514GROWTH – 0,29PROF + e