scholarly journals Determinants of Bond Rating and its Implications to Corporate Bond Yield

2019 ◽  
Vol 9 (2) ◽  
pp. 195-200
Keyword(s):  
Logistic Regression ◽  
Panel Data ◽  
Corporate Bonds ◽  
Corporate Bond ◽  
Company Size ◽  
Bond Yields ◽  
Bond Ratings ◽  
Bond Rating ◽  
Panel Data Regression ◽  
Data Regression

Identifying the factors that affect bond ratings is important in relation to investment decisions in long-term debt securities because they have an impact on corporate bonds. The research objective is to analyze the factors that influence bond ratings and their implications for corporate bond yields, both partially and simultaneously. This study uses a logistic regression model to estimate the determinants of corporate bond ratings and a panel data regression model to estimate the implications for corporate bond yields, by taking samples of corporate bonds listed on the Indonesia Stock Exchange (IDX) during the 2012-2016 period with a number of samples research with as many as 36 corporate bonds. Based on the results of the study, using the logistic regression method, the following research findings were obtained: company size, liquidity, leverage and profitability simultaneously affected bond ratings with a contribution of 33.62% (R2 ). In addition, the size and liquidity of the company have a positive and significant effect on bond ratings. While the results of the panel data regression analysis, it was found that company size, liquidity, leverage, profitability and bond rating simultaneously affected bond yields with a contribution of 70.4% (R2) while 29.6% was influenced by other variables. In addition, the size and leverage of the company has a negative and significant effect on the yield of corporate bonds. This study also shows that the larger the size of the company, the less sensitive the changes in bond yields and vice versa, the smaller the size of the company, the more sensitive it is to changes in corporate bond yields.

scholarly journals PENGARUH TINGKAT SUKU BUNGA, BOND RATING, UKURAN PERUSAHAAN, DEBT TO EQUITY RATIO (DER) TERHADAP YIELD TO MATURITY OBLIGASI KORPORASI DI BEI PERIODE TAHUN 2010-2012.

2019 ◽  
Vol 6 (3) ◽  
pp. 295
Author(s):  
Hendaryadi , ◽  
Meina Wulansari Yusniar ◽  
Abdul Hadi
Keyword(s):  
Interest Rate ◽  
Interest Rates ◽  
Stock Exchange ◽  
Corporate Bonds ◽  
Market Price ◽  
Financial Statements ◽  
Company Size ◽  
Bond Ratings ◽  
Bond Rating ◽  
Equity Ratio

<p><em>This study aimed to analyze the effects of interest rates, bond rating, company size, and debt to equity ratio (DER) of the yield to maturity (YTM) of corporate bonds in Indonesia Stock Exchange. Previous researches showed different results, therefore, it is necessary to re- study by testing the four variables on the yield to maturity.</em></p><p><em>The population in this study was all corporate bonds listed and traded on the Stock Exchange in the period of 2010-2012. There were 324 bonds. Based on the Purposive sampling criteria, 66 bonds were obtained. The research hypothesis was tested by multiple linear regression (multiple regression) and the analysis tools were company's financial statements, market price of the bond, SBI interest rate and bond ratings.</em></p><p><em>The results showed that the variable interest rates and the debt to equity ratio did not significantly affect the yield to maturity of the bonds. Variable bond rating and company size gave     significant</em><em> </em><em>n</em><em>e</em><em>g</em><em>a</em><em>ti</em><em>ve</em><em> </em><em>ef</em><em>f</em><em>ec</em><em>t</em><em>s</em><em> </em><em>ontheyield</em><em> </em><em>t</em><em>omaturity</em><em> </em><em>of</em><em> </em><em>t</em><em>he</em><em> </em><em>bonds.</em><em></em></p>

scholarly journals Sustainability Reporting dan Return Saham di Perusahaan Terindeks LQ45

2021 ◽  
Vol 31 (6) ◽  
pp. 1356
Author(s):  
Nyoman Weda ◽  
I Putu Sudana
Keyword(s):  
Regression Analysis ◽  
Panel Data ◽  
Stock Returns ◽  
Stock Return ◽  
Sampling Method ◽  
Sustainability Reporting ◽  
Company Size ◽  
Panel Data Regression ◽  
Analysis Technique ◽  
Data Regression

In recent years, investors have put pressure on companies to disclose more sustainability information. The purpose of this study was to determine the effect of the intensity of disclosure in sustainability reporting on stock returns. This research was conducted on companies with shares listed in the LQ45 index on the IDX. The number of samples taken was 17 companies, with a purposive sampling method. Data collection was carried out by documentation study. The analysis technique used is the panel data regression analysis technique. The results showed that the intensity of disclosure in sustainability reporting has no effect on stock returns. The high intensity of disclosure does not necessarily attract investors to invest and increase the company's stock return. Keywords: Sustainability Reporting; Profitability; Company Size; Stock Return.

scholarly journals FAKTOR DETERMINAN YIELD OBLIGASI PERUSAHAAN KORPORASI

2020 ◽  
Vol 11 (2) ◽  
pp. 117-128
Author(s):  
Maunatun Zulfa ◽  
Aida Nahar
Keyword(s):  
Exchange Rates ◽  
Interest Rates ◽  
Stock Exchange ◽  
Analytical Tool ◽  
Corporate Bond ◽  
Company Size ◽  
Bond Yields ◽  
Bond Ratings ◽  
Factors Affecting ◽  
Bond Liquidity

Abstract The aims of this research was to analyze the effect of interest rates, bond ratings, company size, exchange rates, bond coupons, matutity, bond liquidity, solvency, and profitability on corporate bond yields. Yields have been received by investors from the bond investment profits are always fluctuating. The total number of population in this study were all corporate companies that issue bonds listed on the Indonesia Stock Exchange (IDX) for the 2015-2017 period. A total of 90 bonds from 12 corporate companies were sampled in this study. The analytical tool used is multiple linear regression. The results of this study indicate that the dominant factors affecting bond yields are bond coupons and maturity. Bond coupons have a positive and significant effect on bond yields. The result of the research showed that matutity could prove to produce a negative and significant effect on bond yields. Keywords: Bond coupons; bond liquidity; bond ratings; bond yields; company size; exchange rates; interest rates; matutity; profitability; solvency Abstrak Tujuan dari penelitian ini adalah untuk menganalisis pengaruh tingkat bunga, peringkat obligasi, ukuran perusahaan, nilai tukar, kupon obligasi, matutity, likuiditas obligasi, solvabilitas, dan profitabilitas terhadap hasil obligasi perusahaan. Imbal hasil yang diterima investor dari investasi obligasi selalu berfluktuasi. Jumlah total populasi dalam penelitian ini adalah semua perusahaan perusahaan yang menerbitkan obligasi yang terdaftar di Bursa Efek Indonesia (BEI) untuk periode 2015-2017. Sebanyak 90 obligasi dari 12 perusahaan perusahaan dijadikan sampel dalam penelitian ini. Alat analisis yang digunakan adalah regresi linier berganda. Hasil penelitian ini menunjukkan bahwa faktor dominan yang mempengaruhi hasil obligasi adalah kupon obligasi dan jatuh tempo. Kupon obligasi memiliki efek positif dan signifikan terhadap hasil obligasi. Hasil penelitian menunjukkan bahwa matutity dapat membuktikan menghasilkan efek negatif dan signifikan terhadap hasil obligasi. Kata kunci: Kupon obligasi; likuiditas obligasi; peringkat obligasi; hasil obligasi; ukuran perusahaan; nilai tukar; suku bunga; matutity; keuntungan; solvabilitas

scholarly journals Corporate Yields: Effect of Credit Ratings and Sovereign Yields

2020 ◽  
Vol 110 ◽  
pp. 499-503
Author(s):  
Julia Bevilaqua ◽  
Galina Hale ◽  
Eric Tallman
Keyword(s):  
Credit Ratings ◽  
Corporate Bonds ◽  
Public Information ◽  
Corporate Bond ◽  
Bond Yields ◽  
Upward Trend ◽  
Bond Ratings ◽  
Rating Agencies ◽  
Advanced Economies ◽  
Over Time

We empirically evaluate the importance of two sources of public information affecting pricing of global corporate bonds: bond ratings provided by rating agencies and sovereign yields of the issuer's country. We find that both in the cross section of firms and over time more variation in corporate bond yields is explained by sovereign yields than by corporate bond ratings. When sovereign yields are high, their importance in pricing corporate bonds declines. In these states, for advanced economies' borrowers, the importance of corporate ratings increases. There is a small upward trend in the importance of corporate ratings over time.

scholarly journals Faktor-Faktor yang Mempengaruhi Struktur Modal pada Perusahaan Pertambangan di Bursa Efek Indonesia Periode 2015-2018

2020 ◽  
Vol 4 (1) ◽  
pp. 224
Author(s):  
Nurul Aryanti ◽  
Riana Rachmawati Dewi ◽  
Purnama Siddi
Keyword(s):  
Panel Data ◽  
Capital Structure ◽  
Stock Exchange ◽  
Sample Selection ◽  
Company Size ◽  
Test Results ◽  
Panel Data Regression ◽  
Data Regression ◽  
Regression Test ◽  
The Capital Structure

This study examines and analyzes the factors that influence capital structure.  Independent variables in this study are company size, liquidity, profitability and asset structure.  The population in this study are mining companies listed on the Indonesia Stock Exchange for the 2015-2018 period.  The sample selection technique uses purposive sampling and 12 company samples are obtained within a period of 4 years so that 48 company samples are obtained.  The data analysis method used in this study is panel data regression.  Hypothesis testing is done using the t test and the F test. The panel data regression test results show that simultaneously company size, liquidity, profitability and asset structure have an influence on capital structure.  While partially the variables that significantly influence the capital structure are company size.  While the liquidity, profitability and asset structure variables do not significantly affect the capital structure.

scholarly journals PERBANDINGAN PENGARUH UKURAN PERUSAHAAN, OPINI AUDIT, PROFITABILITAS DAN REPUTASI KAP TERHADAP AUDIT DELAY (Studi Empiris pada Perbankan Konvensional dan Perbankan Syariah Tahun 2014-2016)

2018 ◽  
Vol 13 (2) ◽  
pp. 143-156
Author(s):  
Laurencius Simatupang ◽  
Wirmie Eka Putra ◽  
Netty Herawaty
Keyword(s):  
Regression Analysis ◽  
Panel Data ◽  
Sampling Technique ◽  
T Test ◽  
Company Size ◽  
Public Accounting ◽  
Audit Opinion ◽  
Panel Data Regression ◽  
Analysis Technique ◽  
Data Regression

This research aimed to determine empirically the comparison and effect ofcompany size, audit opinion, profitability and public accounting firm’s reputation to audit delay. The population in this research are conventional banking and syariah banking in the year of 2014-2016. The sampling technique used is purposive sampling with the number of samples is 45 companies. The analysis technique used in this research is panel data regression analysis and independent sample t-test. The results of this research conclude that: company size, audit opinion, profitability and public accounting firm’s reputation simultaneously effect to the audit delay on conventional banking and syariah banking. Company size and public accounting firm’s reputation partially effect to audit delay on conventional banking and syariah banking. Audit opinion and Profitability has no effect to audit delay on conventional banking and syariah banking. The variables audit delay, company size and profitability have significantly different rates between conventional banking and syariah banking, while the variables of audit opinion and public accounting firm’s reputation have no significant differences.

scholarly journals Governance Implementation on Financial Performance

2021 ◽  
Vol 10 (3) ◽  
pp. 115-123
Author(s):  
Suripto Suripto
Keyword(s):  
Regression Analysis ◽  
Panel Data ◽  
Financial Performance ◽  
Audit Committee ◽  
Stock Exchange ◽  
Sampling Technique ◽  
Company Size ◽  
Analysis Model ◽  
Panel Data Regression ◽  
Data Regression

This study aims to examine the effect of governance with the proxy of the Independent Commissioner, Audit Committee, Leverage, and Company Size on Bank Financial Performance in banking. The population in this study are banking companies that have gone public on the Indonesia Stock Exchange in the 2018-2020 period. The sampling technique used was nonprobability sampling with purposive sampling and used Panel Data Regression Analysis Model. The results show that partially the Independent Commissioner has no significant effect on the Bank's Financial Performance, the Audit Committee has a significant effect on Financial Performance, leverage has a significant effect on Financial Performance, firm size has a significant effect on the Bank's Financial Performance. Simultaneously, the Independent Commissioner, Audit Committee.

scholarly journals FAKTOR-FAKTOR YANG MEMENGARUHI PENGUNGKAPAN LAPORAN KEBERLANJUTAN (STUDI PADA PERUSAHAAN NON KEUANGAN YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2016-2017)

2020 ◽  
Vol 4 (1) ◽  
pp. 46
Author(s):  
Arini Jembar Rahayu ◽  
Cahyaningsih
Keyword(s):  
Corporate Governance ◽  
Regression Analysis ◽  
Panel Data ◽  
Stock Exchange ◽  
Company Size ◽  
Sales Growth ◽  
Panel Data Regression ◽  
Data Regression ◽  
Sustainability Reports ◽  
Sustainability Report

The research objective is to determine the effect of sales growth, profitability, corporate governance, and company size simultaneously and partially on the sustainability report of non-financial companies listed on the Indonesia Stock Exchange for the period of 2016-2017. The method used is panel data regression analysis and the results of the study found that simultaneous sales growth, profitability, corporate governance, and company size influence the disclosure of sustainability reports. Partial testing only profitability and company size that affect the disclosure of sustainability reports.

A mechanism to improve the allocation of public investment funds

2020 ◽  
Vol 26 (7) ◽  
pp. 1522-1533
Author(s):  
A.V. Larionov
Keyword(s):  
Panel Data ◽  
Random Effects ◽  
Public Investment ◽  
Allocative Efficiency ◽  
Investment Funds ◽  
The Public ◽  
Panel Data Regression ◽  
Data Regression ◽  
Efficiency And Effectiveness ◽  
Effective System

Subject. This article deals with the issue of improving the public investment allocative efficiency. Objectives. The article aims to develop an approach to improve the efficiency and effectiveness of public investment in the economy. Methods. The study is based on a panel data regression with random effects. Conclusions and Relevance. All sectors of the economy have different demand for investment resources attracted, determined by operational and technological aspects. The results of the study can be used to develop an effective system of public investment.

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