Determinan Utang Perusahaan Industri Manufaktur di Indonesia yang Terdaftar di Bursa Efek Indonesia Periode 2011-2020
Keywords:
Debt Determinants, Long-term Debt (LDT), Investment, Cash Flow Operation (CFO), Exchange RateAbstract
This study aims to determine the Debt Determinants of Manufacturing Industry Companies in Indonesia which are listed on the Indonesia Stock Exchange for the period 2011 – 2020. The data used in this study is secondary data. The data is quantitative data obtained from the Indonesia Stock Exchange (IDX) with stocks classified as the Kompas100 Index in the form of annual financial reports for the period 2011 – 2020. The research sample was 20 companies obtained by purposive sampling technique. The data analysis technique used is multiple linear regression analysis and hypothesis testing using partial t-test, simultaneous F-test and coefficient of determination test. The data analysis technique was carried out using the Eviews10 for Windows program. The results show that Long-term Debt (LDT) and Investment partially have a positive and significant effect on debt. Cash Flow Operation (CFO) partially has a negative and significant effect on debt. Exchange rates partially have no effect on debt. Long-term Debt (LDT), Investment, Cash Flow Operation (CFO) and the Exchange Rate simultaneously affect debt.
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