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The purpose of this research is to examine factors that have an impact on the leverage of a company that is listed in the Indonesian Stock Exchange (Bursa Efek Indonesia) within the period between 2012 and 2015. Another goal of this research is to discover any other factors that have an impact on leverage.The sampling method used is purposive sampling, a method that chooses samples based on specific criteria and that gives accurate information to the researcher. Using this method, 136 samples were chosen. The analytic method implemented in this research is quantitative and the analytical statistic used is double linear regression analysis. The research result shows that the efficiency of taxes, profitability and growth of assets (with a level of significance as much as 5%) have an impact on leverage.It indicates that a company tends to use taxes efficiently by maximizing costs, which can be reduced with income by using debts. The profitability variable used in this research supports the pecking order theory; companies tend to use internal funds first and then external funds. Asset growth that is followed by an increase in operation outcome will increase external parties' confidence in the company; due to this confidence, obtaining more debt sbecomes easier, which will make the amount of debts bigger than the company's own capital.However, the research result shows that variable company size is measured by the value of the assets, and it does not affect a company's leverage.

Do Efficiency of Taxes, Profitability and Size of Companies affect Debt? A Study of Companies Listed in the Indonesian Stock Exchange