Kepemilikan Manajerial dan Kepemilikan Institusional Terhadap Kebijakan Hutang Pada Perusahaan Manufaktur di BEI Tahun 2016-2019

The company's performance can be seen from financial performance, in addition to the right policies implemented by the company's management. Company policy is closely related to financial performance, namely debt policy. Debt policy is a funding decision from external parties taken by
the company to develop the company, expand the capital, business and fund the company's operations. The use of debt can increase the risk of the company, when the company is unable to pay off its debt then threatened liquidity, so management must take the right decision to minimize
the risk borne by the company. Debt can help overcome funding problems, but it is necessary to consider the risk of bankruptcy on the use of large amounts of debt. The purpose of this study is to find out the influence of managerial ownership and institutional ownership on the debt policies of Manufacturing companies listed in the IDX in 2016, 2017, 2018,2019. This type of research is descriptive with a quantitative approach focusing on hypothesis testing. This type of data uses secondary data in the form of annual report data of manufacturing companies listed on the Indonesia stock exchange in 2016-2019 taken from the IDX.co.id website. Data analysis techniques use multiple linear regression analysis to determine the relationship between independent variables and dependent variables using SPSS software tools. The stages performed in the analysis are conducting classical assumption tests, multiple linear regression analysis, hypothesis testing, and determination coefficient tests..