PENGARUH RETURN ON ASSET, STRUKTUR ASET, DAN UKURAN PERUSAHAAN TERHADAP KEBIJAKAN HUTANG PADA PERUSAHAAN LQ 45 DI BURSA EFEK INDONESIA

Abstract

This study aims to determine the effect of ROA, asset structure, and size on corporate debt policy on LQ 45 at the Indonesia Stock Exchange in 2009-2012. This study also examined the effectiveness of the company's ability to manage debt for productive activitiesis relatively good.
The data used in this study is asecondary data obtained from the Indonesian Capital Market Directory / ICMD which went public in Indonesia Stock Exchange during the four-year period 2009-2012 for the independent variables (ROA, asset structure, and size) and the dependent variableis (debt toequity ratio). Analysis used in the linear analysis to test the hypothesis and random sampling methodis used to take samples.
The conclusion of this study is ROA negatively affect debt policy, size positive effect on corporate debt policy, while the asset structure does not significantly influence the company's debt policy.
Keywords : ROA, Asset Structure, Size, Debt to Equity Rati