Purpose: This research proposes to verify the determinant of debt policy, and company's performance consisting of business risk, asset growth, firm's size, and liquidity. Approach/Methodology/Design: The research has used quantitative analysis. Seven companies incorporated in retail trade listed on the Indonesian Stock Exchange from 2010-2019 fulfilled the requirements for sampling. Regression analysis was performed based on panel data analysis. Findings: The research shows that business risk and firm's size have a positive and significant effect on debt policy, whereas asset growth and liquidity have a positive and not significant effect on debt policy. Furthermore, overall determinant factors have a significant effect on company's performance, except liquidity, which has a significant negative effect. However, the determinant of debt policy and company performance have a significant influence on business risk, asset growth, firm's size, and liquidity. Practical Implications: The research will contribute to third parties and investors, especially providing funding sources to companies and investment decisions according to debt policy and company's performance. Originality/Value: The study believes to contribute positively to apprehend the importance of debt policy and the company's performance and add insight into financial studies, especially in the context of Indonesia.

Nardi Sunardi Et Al (2020). Determinants of Debt Policy and Company’s Performance, International Journal of Economics and Business Administration Volume VIII Issue 4, 204-213