Jojok , Dwiridotjahjono (2009) PENGARUH STRUKTUR KEPEMILIKAN TERHADAP DEBT POLICY ; DALAM PRESPEKTIF AGENCY MODEL. In: Seminar nasional Strategi menghadapi dampak kemajuan teknologi informasi terhadap perubahan perilaku sosial, 26 Nov 2009, Surabaya.
This study investigated the influence of ownership structure to debt policy. The population of this study is food and beverage listed companies in Indonesia Stock Exchange and purposive sampling was used in sampling. Based on multiple regression analysis shows that ownership structure and control variables simultaneously have significant effect on debt policy. The result indicate that the distribution of equity ownership is important in explaining overall capital structure and that manager do reduce the level of debt as their own wealh is increasingly tied to the firm and support agency theory. Keywords : Ownership structure, debt policy, agency theory .
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