INFLUENCE OF FREE CASH FLOW, COMPANY GROWTH, PROFIT BALANCE, AND INVESTMENT OPPORTUNITIES ON THE COMPANY'S DEBT POLICY (EMPIRICAL STUDY ON INDONESIA STOCK EXCHANGE COMPANIES IN THE GOODS AND CONSUMPTION INDUSTRY SECTOR 2019-2022)

Abstract

The purpose of this research is to test the influence of free cash flow, company involvement, profit balance, and investment direction on corporate debt policy. The datta used is a secondary type of datta. Research data obtained from reports that have been published from manufacturing companies in the goods and consumption industry sector, there are 100 processing data from 25 companies during 2019-2022. The data analysis method uses multiple regression analysis. Based on several tests, it was concluded that the variables of the company's investment and investment opportunities had an impact on the company's debt policy because the value of t calculated < t table and the significance value of < 0.05 and the variables of free cash flow and profit balance had no effect on debt policy because the value of t calculated > t table and the significance value of > 0.05.