Pengaruh Likuiditas dan Ukuran Perusahaan Terhadap Kebijakan Utang Pada Perusahaan Makanan dan Minuman Yang Terdaftar Di Bursa Efek Indonesia (BEI) Periode Tahun 2011-2013

The policy debt thourgh DER in manufacturing firms in each manufacturing industry experienced significant changes over the period 2011 to 2013. This research was conductes to examine the effect of liquidity, and firm size on company’s debt policy. The objective of research was to know magnitude of liquidity, and firm size impact on debt policy in companies listed on Indonesia Stock Exchange.

Sampling method used in this study was purposive sampling method, which was based on companies on the Indonesia Stock Exchange in the period 2011-2013. The analysis used was multiple regressions, to see whether the independent variables influence the dependent variable jointly or individually, preceded by assumption of classical test for normality, heteroscendasricity test, test of multicollineity and autocorrelation. Hypothesis testing was using F test and t-test.

Result of analisys show that predictive ability of independent variables (firm size, liquidity) is 53.1% and it shown by R-Square value, that 46.9% influenced by other variabls outside the model.