Journal of International Conference Proceedings
Vol 1, No 1 (2018): Proceedings of the 1st International Conference of Project Management (ICPM) Mal

The Influence of Managerial Ownership and Firm Size On Debt Policy

Lihard Stevanus Lumapow (Universitas Negeri Manado)

Article Info

Publish Date
02 Jun 2018

Abstract

This study aims to examine and analyze the effect of managerial ownership and firm size on debt policy in the perspective of agency theory. This research uses industrial samples of manufacturing companies listed on Indonesia Stock Exchange during 2012 until 2016. Sampling technique used is purposive sampling and data collection techniques are panel data (cross section and time series). While the analysis tool used in this research is panel data regression with fixed effect model (FEM) approach. Based on the test results show that managerial ownership has a positive and significant effect on debt policy. Company size has a negative but insignificant effect on debt policy. The results of this study have the potential for agency conflict. Keywords: Agency Conflict, Agency Theory, Debt Policy, Firm Size, Managerial Ownership

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Journal Info
Journal of International Conference Proceedings
Website

Abbrev

JICP

Publisher

AIBPM Publisher

Subject

Humanities Decision Sciences, Operations Research & Management Electrical & Electronics Engineering Industrial & Manufacturing Engineering Languange, Linguistic, Communication & Media

Description

JICP is proceedings series that aims to publish proceedings from conferences, in the fields of economics, business, and management research. All proceedings in this website are open access, which means the published articles are permanently free to read, download, copy, and distribute. The online ...