Pengaruh Ukuran Perusahaan Dan Pertumbuhan Perusahaan Terhadap Kebijakan Utang Pada Perusahaan Sektor Otomotif Periode 2016-2020

Abstract

This research aims to find out the extent of debt policy by analyzing Company Growth and
Company Size. This study is based on Company Growth and Company Size in financial statements.
The analysis of financial statements is measured using indicators of Company Growth and
Company Size. The sample selection in this study used the purposive sampling method, with a total
sample of 15 companies. The analysis conducted in this study includes descriptive statistical tests,
panel data testing, data normality tests, and hypothesis tests. The results of the t-test on the
Company Growth variable obtained a value greater than t_(table) 2.003412 > 1.66629) and a
probability value less than 0.05 (0.0483 < 0.05), so Ho was rejected and Hα was accepted. It can
be concluded that partially the Company Growth variable affects the Debt Policy. Similarly, the ttest results for the Company Size variable obtained a t value The t-statistic is 3.351706 with a
probability of 0.0012. Since the t-statistic is greater than t-(table) (3.351706 > 1.66629) and the
probability is less than 0.05 (0.0012 < 0.05), Ho is rejected and Hα is accepted. So, it can be
concluded partially that the Company Size variables affect the Debt Policy variable. Furthermore,
from the F-test, the F-statistic is 21.09583 > F-table 2.73 with a probability of 0.0000 < 0.05, so it
can be concluded that together, the Company Growth and Company Size variables affect the Debt
Policy variable.