The Effect Of Free Cash Flow, Business Risk And Asset Structure On Debt Policy
DOI:
https://doi.org/10.32528/issh.v2i3.362Keywords:
Free Cash Flow, Business Risk, Asset Structure, Doebt PlicyAbstract
This research was created to determine the effect of free cash flow, business risk, and asset structure on the debt policy of metal companies and similar sub-sectors that are officially listed on the Indonesia Stock Exchange (IDX) from 2017 to 2021. The method used in this study is a descriptive method with quantitative approach. This research has additionally been conducted with 17 manufacturing companies in the metal and similar sub-sectors listed on the Indonesia Stock Exchange (IDX) through the length period of 2017-2021 as the total populations. Purposive sampling technique has been practically appertained to opt 14 representative companies. In order to analyse the gained data, the researcher has operated the multiple linear regression analysis assisted by the EViews 12 program. The findings of the F simultaneous test, convey that free cash flow, business risk and asset structure simultaneously significant effect towards debt policy. Subsequently, conforming to the Partial t-test, provides information that free cash flow does not meet significant effect, notwithstanding, meets positive relationship on debt policy, business risk meets negative and significant effect towards debt polic, and asset structure does not meet any significant effect and meets negative relationship on debt policy.
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