scholarly journals THE DETERMINANTS OF CORPORATE BOND RATING IN INDONESIA

2016 ◽  
Vol 7 (2) ◽  
pp. 241
Author(s):  
Harisya Amran
Keyword(s):  
Logistic Regression ◽  
Regression Analysis ◽  
Activity Ratio ◽  
Stock Exchange ◽  
Corporate Bond ◽  
Research Use ◽  
Bond Rating ◽  
Leverage Ratio ◽  
Factors Affecting ◽  
Sample Data

This research aims to identify the factors affecting obligation rank on manufacturing corporations. The factors investigated in this research include leverage ratio, liquidity ratio, profitability ratio, activity ratio, and maturity. The population in this research is all non-financial corporations registered in Indonesia Stock Exchange, which has been registered for 5 years, and has published obligations. 47 corporations meet those criteria and become the research sample. Data analysis on this research use logistic regression analysis. The result shows that from five variable researched, only one influence the obligation rank, which is profitability ratio. This result contributes to both theory and practitioners.   Keywords: bond rating, leverage ratio, liquidity ratio, profitability ratio, activity ratio, and maturity, logistic regression

scholarly journals Factors Affecting Corporate Bond Ratings in Indonesia

2021 ◽  
Vol 3 (2) ◽  
pp. 98-107
Author(s):  
Ruspriono ◽  
Bambang Santoso Marsoem
Keyword(s):  
Logistic Regression ◽  
Regression Analysis ◽  
Sampling Method ◽  
Stock Exchange ◽  
Corporate Bond ◽  
Bond Ratings ◽  
Factors Affecting ◽  
Ordinal Logistic Regression Analysis ◽  
Negative Effect ◽  
Positive Effect

Bonds provide a rating signal for the issuer and investors of the ability to pay off a bond. This study aims to explain the factors that affect the ranking in terms of accounting and non-accounting aspects. This study uses all corporate bonds actively traded on the Indonesia Stock Exchange (IDX) and are denominated in rupiah as of December 31, 2019, sourced from Bloomberg, which consists of 996 companies. The method in the sample is the purposive sampling method. This sample consists of 35 companies with 111 bonds, testing the hypothesis using ordinal logistic regression analysis with SPSS Version 25.0 data processing tools. The results showed that liquidity had a positive effect on bond ratings, activity does not affect bond ratings, leverage, profitability, maturity, and auditor reputation have a negative effect on bond ratings.

scholarly journals Analisis Faktor Keuangan dan Non Keuangan yang Mempengaruhi Prediksi Peringkat Obligasi (Studi empiris pada perusahaan penerbit obligasi yang terdaftar di Bursa Efek Indonesia periode 2012-2014)

AKUNTABEL ◽  
2017 ◽  
Vol 14 (1) ◽  
pp. 69
Author(s):  
Putri Sakinah ◽  
Ardi Paminto ◽  
M. Amin Kadafi
Keyword(s):  
Logistic Regression ◽  
Regression Analysis ◽  
Data Collection ◽  
Logistic Regression Analysis ◽  
Sampling Method ◽  
Stock Exchange ◽  
Current Ratio ◽  
Bond Ratings ◽  
Bond Rating ◽  
Equity Ratio

The purpose of this study is to examine the effect of liquidity as measured by Current Ratio (CR), Leverage is measured by Debt to Equity Ratio (DER), guarantee and age of bonds to bond rating listed on the Indonesia Stock Exchange. The research sample used is a bond issuer company listed on the Indonesia Stock Exchange (IDX) period of 2012 to 2014. Data collection research using purposive sampling method. Data obtained by 10 companies in the period 2012 to 2014. This study used logistic regression analysis to analyze the data. The result of this research is the liquidity proxied with Current Ratio (CR) has no significant effect on the rating of bond in Indonesia Stock Exchange. The leverage proxied by the Debt to Equity Ratio significantly influences the rating of bonds on the Indonesia Stock Exchange and the age of the bonds and the guarantee does not significantly affect the rating of bonds in the Indonesia Stock ExchangeKeywords: Bonds, bond ratings, liquidity, leverage, age of bonds, guarantees

scholarly journals PENGARUH FAKTOR AKUNTANSI TERHADAP PREDIKSI PERINGKAT OBLIGASI

2017 ◽  
Vol 20 (1) ◽  
pp. 52
Author(s):  
Henny Henny
Keyword(s):  
Logistic Regression ◽  
Regression Analysis ◽  
Logistic Regression Analysis ◽  
Sampling Method ◽  
Stock Exchange ◽  
Corporate Bond ◽  
Bond Ratings ◽  
Purposive Sampling ◽  
Independent Variable ◽  
Selection Of

Tujuan dari penelitian ini adalah untuk mengungkapkan faktor akuntansi yang mempengaruhi prediksi peringkat obligasi pada perusahaan non keuangan di Bursa Efek Indonesia. Data diambil dari perusahaan non keuangan yang terdaftar di Bursa Efek Indonesia. Pemilihan sampel sebanyak 20 perusahaan dengan menggunakan purposive sampling method. Metode penelitian yang digunakan untuk menguji hipotesis adalah logistic regression analysis metode stepwise untuk menguji faktor akuntansi yaitu variabel independen leverage, liquidity, profitability, productivity dan growth terhadap variabel dependen prediksi peringkat obligasi. Hasil dari penelitian ini adalah variabel profitability dan productivity memiliki pengaruh terhadap prediksi peringkat obligasi perusahaan non keuangan.The purpose of this study was to reveal the accounting factors that affect the predictions bond ratings on non-financial companies in the Indonesia Stock Exchange. Data taken from non-financial companies listed on the Indonesia Stock Exchange. The selection of a sample of 20 companies using purposive sampling method. The method used to test the hypothesis is a stepwise method logistic regression analysis to examine of accounting factors namely the independent variable leverage, liquidity, profitability, productivity and growth on the dependent variable prediction bond ratings. Results from this study are variable profitability and productivity have an influence on the prediction of non-financial corporate bond ratings

Analisis Rasio Keuangan dan Makro Ekonomi Untuk Memprediksi Kondisi Financial Distress Perusahaan Subsektor Makanan & Minuman Yang Terdaftar di Bursa Efek Indonesia Tahun 2015-2019

2021 ◽  
Vol 5 (1) ◽  
Author(s):  
Febriani Kala’
Keyword(s):  
Logistic Regression ◽  
Regression Analysis ◽  
Interest Rates ◽  
Analytical Method ◽  
Financial Distress ◽  
Stock Exchange ◽  
Sampling Technique ◽  
Return On Assets ◽  
Current Ratio ◽  
Leverage Ratio

This study aims to determine the effect of financial and macroeconomic ratios on the company's financial distress. In this study, the financial ratios used are the liquidity ratio with the proxy current ratio (CR), the leverage ratio with the proxy debt to assets ratio (DAR), and the profitability ratio with the proxy for return on assets (ROA). Meanwhile, the macro economy is measured by inflation and interest rates. The sample in this study is the food & beverage sub-sector companies listed on the Indonesia Stock Exchange in 2015-2019. The sampling technique used purposive sampling and obtained 17 companies with 5 years of observation so that there were 85 total observations. The analytical method used is logistic regression analysis using the SPSS version 23 program. The results show that the leverage ratio (DAR) has a positive and significant effect on financial distress, the profitability ratio (ROA) has a negative and significant effect on financial distress, while the liquidity ratio (CR) and macroeconomics as measured by inflation and interest rates have a positive but insignificant effect. against financial distress.

scholarly journals The Effect of Profitability, Liquidity, Maturity And Assurance Against Highest Bond Ranking In Financial Sector In Indonesia Stock Exchange

2017 ◽  
Vol 7 (2) ◽  
pp. 643
Author(s):  
Dinda Aziiza Hasan ◽  
I Made Dana
Keyword(s):  
Logistic Regression ◽  
Regression Analysis ◽  
Sampling Method ◽  
Stock Exchange ◽  
Secondary Data ◽  
Financial Sector ◽  
Bond Rating ◽  
Purposive Sampling ◽  
Analysis Technique ◽  
Investment Grade

One form of funding that can be done by the company is to issue bonds. The purpose of the research is to know the significance of the effect of profitability, liquidity, maturity and guarantees to the rating of bonds in the financial sector in Indonesia Stock Exchange. The type of data used is secondary data of each financial sector company listed on the Indonesia Stock Exchange and obtained from www.idx.co.id. Sampling is done by purposive sampling. The number of samples taken is as much as 20 bonds of financial sector companies in Indonesia Stock Exchange period 2014-2016, via purposive sampling method. The analysis technique used is logistic regression analysis and data processing using SPSS 13 for windows. The result of analysis shows that profitability, maturity and guarantee have positive and significant influence to bond rating, while liquidity has negative and significant effect to bond rating. The company should be able to increase the company's liquidity value in order for the company to obtain investment grade. Investors are more interested in investment-grade bonds.

scholarly journals Analysis of Factors Affecting Bond Prices Traded on Indonesia Stock Exchange in the Period 2016-2018

2020 ◽  
Vol 5 (8) ◽  
pp. 988-997
Author(s):  
Hastri Nurdianti ◽  
Bambang Santoso Marsoem
Keyword(s):  
Stock Exchange ◽  
Sample Selection ◽  
Corporate Bonds ◽  
Corporate Bond ◽  
Coefficient Of Determination ◽  
Current Ratio ◽  
Bond Prices ◽  
Bond Rating ◽  
Factors Affecting ◽  
Maturity Period

This study aims to analyze the effect of Coupons, Maturity Period, Current Ratio and Bond Rating on corporate bond prices. The study population consists of corporate bonds traded on the Indonesia Stock Exchange for the period 2016-2018. The sample selection technique was carried out by purposive sampling. The research sample consisted of 45 corporate bonds issued by 20 companies from all sectors except the banking and financial sectors. The research analysis method used is descriptive statistics and Common Effect Model (CEM) panel data regression. The results showed that partially the Coupon, Maturity Period and Bond Rating variables had a significant positive effect on Bond Prices, while the Current Ratio variable had a significant negative effect on Bond Prices. The implication of this research is that companies as bond issuers are advised to pay attention to the factors that affect bond prices, especially coupons, maturity and bond ratings in order to provide an appropriate price release for the bonds issued. By paying attention to factors, one of which is increasing the bond rating can maintain investor confidence. This is because these variables are proven to have an effect on Bond Prices. For further research, it is expected to study other variables that affect bond prices because the coefficient of determination of this study is 67%, meaning that there are 33% variations in bond prices explained by other variables outside of the study.

Analysis of Factors Affecting Fraudulent Financial Reporting with Independent Commissioners as Moderation Variable

2021 ◽  
Vol 5 (4) ◽  
pp. 01-12
Author(s):  
Andalia Andalia ◽  
Amiruddin Amiruddin ◽  
Grace T. Pontoh
Keyword(s):  
Regression Analysis ◽  
Financial Reporting ◽  
Internal Control ◽  
Sampling Method ◽  
Stock Exchange ◽  
Jel Classification ◽  
Fraudulent Financial Reporting ◽  
Factors Affecting ◽  
Effect Of Pressure ◽  
Analysis Technique

Objective - This study aims to examine and analyze the effect of pressure, opportunity, rationalization, ability and arrogance on fraudulent financial reporting with independent commissioners as the moderating variable. Methodology/Technique - The object of this research is all companies listed on the Indonesian Stock Exchange during 2019. The research sample was obtained through purposive sampling method and resulted in 215 companies. The analysis technique used is multiple regression analysis and Moderated Regression Analysis (MRA). Findings - The results show that pressure, opportunity, rationalization, ability and arrogance had a significant effect on fraudulent financial reporting. The results of the moderation regression analysis show that independent commissioners moderate the effect of pressure and arrogance on fraudulent financial reporting. Meanwhile, independent commissioners did not moderate opportunities, rationalization, and capacity for fraudulent financial reporting. Novelty - This research contributes to the pentagon fraud theory, which proves that the elements contained in this theory can be used as a basis for analyzing fraud committed by companies, and contributing to the company so that the company's internal control is improved and the presence of an independent board of commissioners is not only a fulfillment of the company's internal control. regulations made by the IDX. Type of Paper: Empirical. JEL Classification: G32, M21, M41, M42. Keywords: Pressure; Opportunities; Rationalization; Arrogance; Fraudulent Financial Reporting Reference to this paper should be made as follows: Andalia; Amiruddin; Pontoh, G.T. (2021). Analysis of Factors Affecting Fraudulent Financial Reporting with Independent Commissioners as Moderation Variable, Accounting and Finance Review, 5(4): 01 – 12. https://doi.org/10.35609/afr.2021.5.4(1)

scholarly journals The Relationship between Liquidity and Firms’ Profitability: A Case Study of Karachi Stock Exchange

2017 ◽  
Vol 9 (1) ◽  
pp. 54 ◽  
Author(s):  
Nazish Bibi ◽  
Shehla Amjad
Keyword(s):  
Regression Analysis ◽  
Stock Exchange ◽  
Negative Relationship ◽  
Return On Assets ◽  
Current Ratio ◽  
Factors Affecting ◽  
Operating Income ◽  
Secondary Sources ◽  
Individual Variables ◽  
The Relationship

The purpose of this paper is to investigate the relationship between firm’s liquidity and profitability; and to find out the effects of different components of liquidity on firms’ profitability.The relationship between liquidity and firms’ profitability is empirically examined by collecting the data of 50 listed firms of Karachi Stock Exchange, Pakistan. Panel data has been collected from secondary sources for the year 2007 to 2011 .Net operating income and Return on assets are used measure of firm’s profitability. Liquidity of the firm is measured by using cash gap in days and current ratio. Firm size measured by net sales, total assets and market capitalization .The study applies regression analysis to determine factors affecting profitability. Incremental tests are carried out to see the importance of individual variables in the model.The results of correlation and regression analysis showed that there is a significant negative relationship between cash gap and return on assets while current ratio has significant positive relationship with profitability. Results further indicate that log of sales and log of total assets has positive significant relationship with profitability. The findings of this study are based on firms listed on the Karachi Stock Exchange (KSE). Hence, the results cannot be generalizable to those firms which are not listed on Karachi stock exchange. The sample of the study comprises only the merchandising and manufacturing firms. Banks are excluded due to their nature of work.

scholarly journals Factors Affecting Palm Farmers’ Decisions to Dispense Plantage-Product Zakat in Labuhanbatu Selatan Regency

2018 ◽  
Vol 3 (3) ◽  
pp. 13-24
Author(s):  
Amalia Agustin Syn ◽  
Khalifah Muhammad Ali ◽  
Didin Hafidhuddin
Keyword(s):  
Logistic Regression ◽  
Regression Analysis ◽  
Logistic Regression Analysis ◽  
Fresh Fruit ◽  
Factors Affecting ◽  
Fresh Fruit Bunches ◽  
The Many

Zakat is one of the five points in rukun Islam and consists of two types: zakat nafs (soul) and zakat maal (wealth). One of the many kinds of zakat maal is plantage-product zakat. Labuhanbatu Selatan Regency is an area that contains 160,785.04 hectares of palm plantation land as recorded in 2016. The area also produced 7,493,696.18 tons of Fresh Fruit Bunches (FFB) in the same year. The objective of this study is to identify the potential of plantage-product zakat (specifically palm plantage) and analyze the factors that affect farmers’ decision to dispense plantage-product zakat in Labuhanbatu Selatan Regency. Logistic regression analysis was the method of analysis used in this study. Based on data obtained from Dinas Perkebunan Provinsi Sumatera Utara 2016, the potential of plantage-product zakat in Labuhanbatu Selatan Regency reached 25.6 billion rupiahs in 2014; 21.6 billion rupiahs in 2015, and 370.4 billion rupiahs in 2016. The variables that significantly affected farmers’ decisions to dispense plantage-product zakat were comprehension of zakat, faith, rewards, Islamic study, and frequency of worship.

scholarly journals PENGARUH OPERATING CAPACITY, SALES GROWTH DAN ARUS KAS OPERASI TERHADAP FINANCIAL DISTRESS

2019 ◽  
Vol 5 (1) ◽  
Author(s):  
Annisa Livia Ramadhani ◽  
Khairun Nisa
Keyword(s):  
Logistic Regression ◽  
Regression Analysis ◽  
Financial Distress ◽  
Agricultural Sector ◽  
Stock Exchange ◽  
Sampling Technique ◽  
Cash Flows ◽  
Sales Growth ◽  
Operating Capacity ◽  
Operating Cash Flows

This study aims to determine how the influence of operating capacity, sales growth and operating cash flows on financial distress. The population in this study israll agricultural sector companies listed on the Indonesia Stock Exchange (IDX) in 2013-2017. The sampling technique in this study used purposive sampling which produced 8 samples in a period of 5 years, namely as many as 40 units of data samples. The analytical method used is logistic �regression analysis which is processed. using SPSS Version 25. Based on the results of this study, it was found that simultaneous operating capacity, sales growth and operating cash flows influence the occurrence of financial distress. Then partially, operating capacity and sales growth have no effect on the occurrence of financial distress, while operating cash flows have a positive and significant effect on the occurrence of financial distress.�Keyword : Financial Distress, Operating capacity, Sales growth, Operation cash flow.

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