Daftar Isi:
  • This study aims to examine the effect of profitability, liquidity, dividend policy, managerial ownership and institutional ownership on debt policy. The population used in this study are all manufacturing companies listed on the Indonesia Stock Exchange in 2018-2020. Samples were taken using purposive sampling method. This study uses secondary data, data obtained from the Indonesia Stock Exchange through the Indonesia Stock Exchange (IDX) website and related company websites in the form of annual reports and audited financial reports for 2018-2020 on manufacturing companies. Data analysis in this study is multiple linear regression analysis. The results of this study indicate that profitability has a negative effect on debt policy. Liquidity has a negative effect on debt policy. Dividend policy has no effect on debt policy. Managerial ownership has no effect on debt policy. Institutional ownership has a positive effect on debt policy.