THE EFFECT OF COMPANY GROWTH AND FREE CASH FLOW ON DEBT POLICY WITH PROFITABILITY AS A MODERATING VARIABLE

Authors

  • Nisa Oktaviani Universitas Palangka Raya
  • Yohanes Joni Pambelum Universitas Palangka Raya
  • Verra Rizki Amelia Universitas Palangka Raya
  • Sri Lestari Hendrayati Universitas Palangka Raya
  • Fitria Husnatarina Universitas Palangka Raya
  • Golda Belladonna Umbing Universitas Palangka Raya

Keywords:

Company Growth, Free Cash Flow, Debt Policy, Profitability

Abstract

This study aims to examine the influence of company growth and free cash flow on debt policy, with profitability as a moderating variable. The population in this research consists of manufacturing companies in the textile and garment sub-sector listed on the Indonesia Stock Exchange from 2020 to 2023. The sampling technique used is purposive sampling, with the criteria being companies that published consecutive financial reports from 2020 to 2023 Based on these criteria, 18 manufacturing companies in the textile and garment sub-sector were selected, resulting in 72 observations in this study. The analysis technique used is the panel data method, with data processed using E-Views 10 software. The results of the study indicate that company growth does not affect debt policy. Free cash flow does not affect debt policy. Profitability does not have an impact on the relationship between company growth and debt policy. Additionally, profitability does not have an impact on the relationship between free cash flow and debt policy.

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Published

2024-10-31

How to Cite

Oktaviani, N., Pambelum, Y. . J., Amelia, V. R., Hendrayati, S. L. ., Husnatarina, F. ., & Umbing, G. B. . (2024). THE EFFECT OF COMPANY GROWTH AND FREE CASH FLOW ON DEBT POLICY WITH PROFITABILITY AS A MODERATING VARIABLE. Sustainability Accounting Journal, 1(1), 51–67. Retrieved from https://e-journal.upr.ac.id/index.php/SAJ/article/view/17151