PENGARUH KEBIJAKAN UTANG TERHADAP NILAI PERUSAHAAN DENGAN KEPEMILIKAN INSTITUSIONAL SEBAGAI VARIABEL MODERASI PADA PERUSAHAAN INDUSTRI DASAR DAN KIMIA YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2017-2019

Abstract

This study aims to examine the effect of debt policy on firm value in Basic and Chemical Industrial Companies listed on the Indonesia Stock Exchange for the 2017-2019 period, examine institutional ownership effect on firm value in Basic and Chemical Industrial Companies listed on the Indonesia Stock Exchange for the 2017-2019 period. and to examine institutional ownership moderating the effect of debt policy on firm value in Basic and Chemical Industrial Companies listed on the Indonesia Stock Exchange for the 2017-2019 period. This research method is a quantitative method. The population in this study were 66 samples. The objects in this study are Basic and Chemical Industry Companies listed on the Indonesia Stock Exchange for the 2017-2019 period. Data analysis techniques in this study using path analysis (path analysis). The type of data used in this study is secondary data. The results of the study show that debt policy has an effect on firm value in the Basic and Chemical Industries listed on the Indonesia Stock Exchange for the 2017-2019 period. Institutional Ownership affects the value of companies in the Basic and Chemical Industries listed on the Indonesia Stock Exchange for the 2017-2019 period. Institutional ownership moderates the effect of debt policy on firm value in the Basic and Chemical Industries listed on the Indonesia Stock Exchange for the 2017-2019 period.