The Effect of Company Size, Liquidity, Profitability and Dividend Policy on Debt Policy in Consumer Non-Cyclicals Sector Companies Listed on the Indonesia Stock Exchange in 2019-2022

Abstract

This study aims to analyze the effect of company size, liquidity, profitability, and dividend policy on debt policies in consumer non-cyclical companies listed on the Indonesia Stock Exchange in 2019-2022. The population in this study was 92 companies listed on the Indonesia Stock Exchange (IDX) during the 2019-2022 period with samples using the purposive sampling method resulting in 23 sample companies. The analytical method used is multiple linear regression analysis. The results of this study show that the variable company size has no effect on debt policy, liquidity has an effect on debt policy, profitability has no effect on debt policy, dividend policy has no effect on debt policy and company size, liquidity, profitability and dividend policy simultaneously have an effect on debt policy.