Pengaruh Kepemilikan Manajerial, Kepemilikan Institusional, Struktur Aset, dan Dividen terhadap Kebijakan Hutang pada Perusahaan Real Estate dan Property yang Terdaftar di Bei

Abstract

The purpose of this research is to analyze the effect of managerial ownership, institutional ownership, structure asset, and dividend to debt policy of real estate and property companies that listed in Indonesian Stock Exchange during 2007 up to 2009. The samples used in this research are real estate and property companies listed in Indonesian Stock Exchange during 2007 up to 2009. The data collection method used in this research is purposive sampling, a method that uses some criteria to determine samples, that resulted 36 companies during the three years observation. The statistic method that’s used is multiple regressions analysis and the model has been tested in classic assumptions. This research result shows that managerial ownership, institutional ownership, structure asset influences the debt policy significantly., dividend do not influence the debt policy partially. Simultaneously, managerial ownership, institutional ownership, structure asset, and dividend influences the debt policy significantly.