EFFECT OF INSTITUTIONAL OWNERSHIP AND COMPANY SIZE AGAINST DEBT POLICY IN PROPERTY AND REAL ESTATE COMPANIES LISTED ON THE INDONESIA STOCK EXCHANGE FOR THE PERIOD 2012-2016
Debt policy is a policy in determining the funding of companies sourced from external funds (debt). Debt policy is very important for the company because the debt is part of the fulfillment of the operational. The manager of the company must be able to determine the appropriate debt policy taking into account the risks that will be generated from the debt. This study aims to examine the effect of institutional ownership and firm size on debt policy at property and real estate firms listed on the IDX for the period 2012-2016. The data used in this study is secondary data obtained from corporate financial statement documents. Sample data in this study amounted to 65 of 13 samples of property and real estate companies using the method of purposive sampling. The analysis technique used is F Test analysis. Simultaneously test result variable institutional ownership and firm size have effect on debt policy.
Debt Policy, Firm Size, Institutional Ownership