Pengaruh Struktur Aktiva Dan Likuiditas Terhadap Kebijakan Hutang Pada Perusahaan Sektor Consumer Goods Yang Terdaftar Di Bursa Efek Indonesia (BEI) Periode 2020-2022

Abstrak

The objectives of this research are as follows: (1) to investigate whether asset structure influences debt policy, (2) to examine whether liquidity influences debt policy, and (3) to investigate the influence of both asset structure and liquidity on debt policy in consumer goods sector manufacturing companies for the period 2020-2022. This research uses a quantitative method, utilizing secondary data from annual financial reports. The population comprises 88 consumer goods sector companies, with a sample size of 49 companies selected through purposive sampling. Analytical tests include classical assumption tests, hypothesis test, and multiple linear regression analysis. The results show that asset structure (SAT) has a positive and significant influence on debt policy, while liquidity (CR) has a negative and significant influence on debt policy. Additionally, the results also indicate that, simultaneously, asset structure (SAT) and liquidity (CR) positively and significantly influence debt policy.