Factors Affecting Corporate Bond Ratings in Indonesia

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.

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PENGARUH FAKTOR AKUNTANSI TERHADAP PREDIKSI PERINGKAT OBLIGASI

Jurnal Akuntansi ◽

10.24912/ja.v20i1.75 ◽

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

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Factors Affecting the Earning Response Coefficient with Real Activities Earning Management as Moderator: Evidence from Indonesia Stock Exchange

Asian Journal of Economics Business and Accounting ◽

10.9734/ajeba/2019/v11i230124 ◽

2019 ◽

pp. 1-14 ◽

Cited By ~ 1

Author(s):

Aminullah Assagaf ◽

Etty Murwaningsari ◽

Juniati Gunawan ◽

Sekar Mayangsari

Keyword(s):

Stock Return ◽

Sampling Method ◽

Capital Expenditure ◽

Stock Exchange ◽

Financial Statements ◽

Short Term ◽

Factors Affecting ◽

Earnings Per Share ◽

Negative Effect ◽

Positive Effect

This study aims to explain the phenomenon of the most active companies traded shares in Indonesian stock exchange. This research is motivated to analyze the response of investors to take a decision after presenting the company's financial statements. This study uses panel data consisting of 20 companies selected by purposive sampling method, using a regression model and data processing via SPSS 24. The results of this study found that the variable leverage and capital expenditure variables significantly influence the response of investors to execute the company's stock, thereby affecting the stock return. The level of leverage and significant positive effect on the response of investors, particularly due to the use of debt to investment would increase earnings per share or at a certain amount of equity can boost earnings per share acquisition. Capital expenditure and significant negative effect on the response of investors for investor tend to speculate on short-term period, which means that companies that invest in the early stages will have difficulties liquidity and rate of return will decline, so investors will shift their investment.

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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 ◽

10.29264/jakt.v14i1.1347 ◽

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

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Nilai, Size, Profitabilitas Perusahaan dan Praktik Perataan Laba

E-Jurnal Akuntansi ◽

10.24843/eja.2021.v31.i03.p04 ◽

2021 ◽

Vol 31 (3) ◽

pp. 562

Author(s):

I Ketut Winanda ◽

Ida Bagus Putra Astika

Keyword(s):

Logistic Regression ◽

Regression Analysis ◽

Firm Size ◽

Capital Market ◽

Firm Value ◽

Sampling Method ◽

Stock Exchange ◽

Income Smoothing ◽

Analysis Technique ◽

Positive Effect

The capital market in Indonesia is currently growing, so that competition between companies is increasing. The company will try to increase the value of the company in order to attract investors to invest in the company. Management realizes that attention investors tend to only focus on profit, so managers are encouraged to practice income smoothing. This study aims to obtain empirical evidence of the influence of firm value, firm size and profitability on income smoothing practices in banking companies listed on the Indonesia Stock Exchange for the 2016-2018 periode. The number of samples selected in banking companies is as many as 31 companies, using the purposive sampling method. The data analysis technique used is a logistic regression analysis and the results showed that the firm value and firm size had a positive effect on income smoothing practices, while the profitability did not effect the income smoothing practice. Keywords: Income Smoothing; Firm Value; Firm Size; Profitability.

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PENGARUH KECUKUPAN MODAL, RISIKO DAN EFISIENSI TERHADAP KINERJA KEUANGAN BANK SEBELUM DAN MASA PANDEMI COVID-19

Prosiding SENAPENMAS ◽

10.24912/psenapenmas.v0i0.15220 ◽

2021 ◽

pp. 1469

Author(s):

Rosmita Rasyid ◽

Herni Kurniawati

Keyword(s):

Regression Analysis ◽

Multiple Regression ◽

Sampling Method ◽

Stock Exchange ◽

Test Method ◽

Capital Adequacy ◽

Average Difference ◽

Negative Effect ◽

The Impact ◽

Positive Effect

The purpose of this study is to examine the impact of covid 19 on financial performance and the factors that are thought to influence it, namely capital adequacy, risk and efficiency. The study was conducted on banking companies listed on the Indonesia Stock Exchange (IDX) in the 2019 and 2020 periods. , which results in a total of 21 banking companies as a sample. The test method used is to test the average difference and multiple regression analysis. The results show that the average ROA, CAR, NPL, LDR and BOPO before covid and during covid are significantly different. Multiple regression results show that LDR has a positive effect on ROA and BOPO has a negative effect on ROA while CAR and NPL have no effect on ROA.Tujuan penelitian ini adalah menguji dampak covid 19 atas kinerja keuangan serta faktor yang diduga mempengaruhinya yakni kecukupan modal, risiko dan efisiensi.Penelitian dilakukan pada perusahaan perbankan yang terdafrat di Bursa Efek Indonesia (BEI) pada periode 2019 dan 2020. Penentuan sampel berdasarkan purposive sampling method, yang menghasilkan jumlah 21 perusahaan perbankan sebagai sampel. Metode pengujian yang dipakai adalah dengan melakukan pengujian beda rata-rata dan analisis regresi berganda. Diperoleh hasil bahwa rata-rata ROA, CAR, NPL, LDR dan BOPO sebelum covid dengan selama covid adalah berbeda signikan, Hasil regresi berganda memperlihatkan bahwa LDR berpengaruh positif atas ROA dan BOPO berpengaruh negatif atas ROA sedangkan CAR, dan NPL tidak berpengaruh atas ROA.

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Effect of CAR, NPL, and BOPO on NIM with ROE as a moderating variable

International Research Journal of Management IT and Social Sciences ◽

10.21744/irjmis.v8n3.1469 ◽

2021 ◽

Vol 8 (3) ◽

Author(s):

I Wayan Dedik Widana ◽

Gerianta Wirawan Yasa ◽

I Gusti Ngurah Agung Suaryana

Keyword(s):

Regression Analysis ◽

Sampling Method ◽

Stock Exchange ◽

Secondary Data ◽

Financial Statements ◽

Analysis Techniques ◽

Negative Effect ◽

Period Data ◽

Positive Effect

This study aims to obtain empirical evidence about the effect of CAR, NPL and BOPO on NIM and examine the role of ROE in moderating the effect of CAR, NPL, and BOPO on NIM. This study uses purposive sampling method. The data used is secondary data obtained from the financial statements of banking companies listed on the Indonesia Stock Exchange in the 2015-2019 period. Data analysis techniques using moderated regression analysis (MRA) test. The result of the analysis shows that CAR has a positive effect on NIM. NPL and BOPO has a negative effect on NIM. The moderating variable ROE strengthens the effect of CAR on NIM but weakens the effect of NPL and BOPO on NIM.

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Pengaruh profitabilitas, solvabilitas, likuiditas dan audit tenure terhadap audit report lag dengan komite sebagai pemoderasi

Jurnal Ekonomi MODERNISASI ◽

10.21067/jem.v16i2.4954 ◽

2020 ◽

Vol 16 (2) ◽

pp. 82-95

Author(s):

Ryan Rich Tampubolon ◽

Valentine Siagian

Keyword(s):

Regression Analysis ◽

Audit Committee ◽

Sampling Method ◽

Stock Exchange ◽

Linear Regression Analysis ◽

Significant Positive Effect ◽

Audit Report ◽

Significant Negative Effect ◽

Negative Effect ◽

Positive Effect

This study aims to examine empirical evidence regarding the effect of profitability, solvency, liquidity, and audit period on the audit report with the audit committee as a moderating variable. This research was conducted by a quantitative method with a descriptive approach. The population in this study are property, real estate, and construction companies listed on the Indonesia Stock Exchange (BEI) in 2016-2019. The sampling method used was the purposive sampling method. The sample in this study was 184 firm year observations. Data analysis used multiple linear regression analysis and moderated regression analysis with interaction test. The results of this study indicate that profitability has a significant negative effect on audit report lag, solvency has a significant negative effect on audit report lag, liquidity has a significant positive effect on audit report lag, and audit tenure has a significant positive effect on audit report lag. The audit committee as a moderating variable strengthens all independent variables on the dependent variable. For further researchers, it is recommended to increase the sample size and expand the object of research by researching sectors that have more companies and also increasing the period of research.

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THE DETERMINANTS OF CORPORATE BOND RATING IN INDONESIA

JRMSI - Jurnal Riset Manajemen Sains Indonesia ◽

10.21009/jrmsi.007.2.03 ◽

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

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

GATR Journal of Accounting and Finance Review (AFR) Vol. 4 (4) Oct-Dec 2019 - GATR Accounting and Finance Review ◽

10.35609/afr.2021.5.4(1) ◽

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)

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Pengaruh Profitabilitas, Hutang dan Ukuran Perusahaan terhadap Nilai Perusahaan Makanan dan Minuman

E-Jurnal Akuntansi ◽

10.24843/eja.2020.v30.i08.p17 ◽

2020 ◽

Vol 30 (8) ◽

pp. 2115

Author(s):

I Putu Pranata Eka Putra ◽

I Made Pande Dwiana Putra

Keyword(s):

Regression Analysis ◽

Firm Value ◽

Sampling Method ◽

Stock Exchange ◽

Linear Regression Analysis ◽

Multiple Linear Regression Analysis ◽

Company Size ◽

Analysis Techniques ◽

Food And Beverage ◽

Positive Effect

The purpose of this study is to obtain empirical evidence of the influence of profitability, debt, and company size on the value of food and beverage companies. This research was conducted in all food and beverage companies listed on the Indonesia Stock Exchange (IDX) for the 2015-2018 period, amounting to 13 sample companies. The sampling method used in this study was purposive sampling and data analysis techniques in this study used multiple linear regression analysis. Based on the analysis conducted, it was found that profitability, debt, and company size had a positive effect on firm value. Keywords: Profitability; Debt; Company Size; The Value Of The Company.

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