Abstract :
This study aims to determine the effect of institutional ownership, free cash flow and company growth on debt policy in state-owned companies listed on the Indonesia Stock Exchange (IDX). The data used is secondary data. The population in this study are all state-owned companies listed on the Indonesia Stock Exchange (IDX). The sampling technique used was purposive sampling and obtained 25 BUMN companies with a total sample of 125 samples. Hypothesis testing is done by multiple linear regression analysis. The results obtained show that institutional ownership has a positive effect on debt policy, free cash flow has not had an effect on debt policy and company growth has not had an effect on debt policy.
Keywords : institusional ownership, free cash flow, growth, debt policy