Indonesia Conference Directory

Top management accountable in making financing decision in a company are the Chief Executive Officer (CEO) and Chief Financial Officer (CFO) as they have full responsibility to manage the company so that it can realize its vision and mission. The aims of this study are (1) to investigate whether top management-s gender influences financing decision of a company, (2) to investigate whether top management-s age influences financing decision of a company, (3) to investigate whether top management-s reputation influences the financing decision of a company. The population in this study are all non-financial companies listed in Indonesia Stock Exchange (IDX) in 2017. The selection of samples uses purposive sampling method. Data collection in this study are obtained from secondary data. A regression model is performed to test hypothesis 1,2 and 3. Upon analyzing, researcher obtains the following results. Hypothesis 1 (effect of top management-s gender) shows there is no significant impact from top management-s gender on financing decision making. Likewise, hypothesis 2 (effect of top management-s age) shows there is no significant impact on decision making. However, on the third hypothesis (effect of top management-s reputation) shows there is a negative correlation between Chief Executive Officer (CEO)-s reputation and his/her financing decision, while Chief Financial Officer (CFO)-s reputation has little to no impact to the decision.