The Effects of Dividend Policy, Company Size,Business Risk, and Company Growthon Debt Policy with Profitability as a Moderating Variable

This study intends to determine the effect of dividend policy, company size, business risk, and company growth on debt policy with profitability as a moderating variable. This study makes use secondary data in the form of information taken from annual reports or financial statements of companies. This study employs a quantitative approach method with multiple linear regression analysis approaches utilizing SPSS software. The population of this study consists of business in the consumer goods sub-sector that are listed on the Indonesia Stock Exchange (IDX) for the 2018-2021 period. Purposive sampling was used in the sampling procedure, which led to thecollection 136 datafrom 34 companies. The results of this study are company size and business risk significantly affect debt policy, dividend policy and company growth significantly do not affect debt policy. Meanwhile, profitability is not able to significantly influence dividend policy, company size, business risk, and company growth on debt policy