scholarly journals Analysis of Factors Affecting Yield to Maturity of Corporate Bonds Traded on Indonesia Stock Exchange 2016 - 2018

2020 ◽  
Vol 5 (7) ◽  
pp. 1443-1451
Author(s):  
Ayu Asih Sintami ◽  
Bambang Santosoe Marsoem
Keyword(s):  
Firm Size ◽  
Stock Exchange ◽  
Sample Selection ◽  
Corporate Bonds ◽  
Coefficient Of Determination ◽  
Bond Rating ◽  
Factors Affecting ◽  
Common Effect ◽  
Negative Effect ◽  
Equity Ratio

This study analyzes the influence of the variable Debt Equity Ratio (DER), Maturity, Firm Size and Bond Rating on the Yield To Maturity (YTM) of corporate bonds. The study population consists of corporate bonds traded on the Indonesia Stock Exchange period 2016-2018. The sample selection technique by purposive sampling. The research sample 43 corporate bonds issued by 18 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 DER variable had no effect on YTM, maturity had a significant positive effect on YTM, Firm Size and Bond Rating significant negative effect on YTM. The implication of this research is that companies need to improve their bond ratings to maintain investor confidence. In addition, is easier for companies with large assets to find external sources of funds through the issuance of bonds. This is because both are proven to have a negative effect on YTM. For further research, is expected to study other variables that affect YTM because the coefficient of determination in this study is 59%, and 41% is influenced by other variables not explained in this study.

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.

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 Analisis Pengaruh Karakteristik Perusahaan terhadap Perataan Laba oleh Perusahaan Manufaktur

2020 ◽  
Vol 3 (1) ◽  
pp. 178-186
Author(s):  
Felino Pernando Purba ◽  
Hotmaria Sinaga ◽  
Munawarah Munawarah
Keyword(s):  
Firm Size ◽  
Financial Management ◽  
Stock Exchange ◽  
Income Smoothing ◽  
Financial Statement ◽  
Coefficient Of Determination ◽  
Return On Assets ◽  
Current Ratio ◽  
Observation Process ◽  
Equity Ratio

The purpose of this study is to test or analyze the accuracy of the Return On Assets, Firm Size, Current Ratio, Debt to Equity Ratio for Income Smoothing actions on corporate manufacturing published on the Stock Exchange in 2015-2017. In this study using the theories of financial statement analysis, financial management related to Return On Assets, Firm Size, Current Ratio, Debt to Equity Ratio. In this study using a quantitative observation process. In this observation also applies the process of observing data such as financial statements contained on the IDX website. This observation involved 153 corporate manufactures as a population, which each year experienced a profit in 2015-2017. The technique in citing samples in the observation, namely by using purposive sampling techniques so that 37 samples were multiplied for 3 years, 111 research samples were obtained. Simultaneous results with F test shows a significant effect on income smoothing, with the coefficient of determination test results of 4.2% so that the results of the research hypothesis Return On Assets, Firm Size, Current Ratio, Debt to Equity Ratio had no significant impact on income smoothing. And the T test produces a firm size variable that has a partial effect on income smoothing actions.

scholarly journals Analisis Faktor yang Mempengaruhi Struktur Modal pada Perusahaan Makanan dan Minuman yang Terdaftar di Bursa Efek Indonesia Periode 2013-2017

2020 ◽  
Vol 4 (1) ◽  
pp. 24
Author(s):  
Mariska Leviani Dan Indra Widjaja
Keyword(s):  
Capital Structure ◽  
Firm Size ◽  
Stock Exchange ◽  
Sampling Technique ◽  
Sales Growth ◽  
Manufacturing Companies ◽  
Return On Assets ◽  
Food And Beverage ◽  
Negative Effect ◽  
Equity Ratio

This research aimed to examine the effect of Liquidity (Current Ratio), Profitability (Return On Assets), Sales Growth, and Firm Size toward Capital Structure (Debt to Equity Ratio) on manufacturing companies sector food and beverages in Indonesia Stock Exchange for period 2013 - 2017. The sampling technique used was purposive sampling and the sample collected consisted of 14 companies. Analysis using SPSS program. Based on statistical t test, the result of research show that Liquidity had a significant, negative effect on Capital Structure. Meanwhile, Profitability, Sales Growth, and Firm Size did not affect Capital Structure. Based on statistical F test indicates that variables Liquidity, Profitability, Sales Growth, and Firm Size simultantly affect Capital Structure on manufacturing companies sector food and beverage listed in Indonesia Stock Exchange for period 2013 - 2017.

scholarly journals Pengaruh DER, Perputaran Modal Kerja dan Ukuran Perusahaan Terhadap NPM pada Industri Farmasi Yang Listing di Bursa Efek Indonesia Periode 2012-2016

2019 ◽  
Vol 4 (2) ◽  
pp. 403
Author(s):  
Susi Artati
Keyword(s):  
Firm Size ◽  
Stock Exchange ◽  
Hypothesis Test ◽  
Linear Regression Analysis ◽  
Multiple Linear Regression Analysis ◽  
Profit Margin ◽  
Coefficient Of Determination ◽  
Working Capital ◽  
Net Profit ◽  
Equity Ratio

Research Aims To Learn How does the Debt to Equity Ratio, Working Capital Turnover and Firm Size Against Net Profit Margin in the Pharmacy Industry in Indonesia Stock Exchange period 2012-2016 simultaneously and partially and how much influence the Debt to Equity Ratio, Working Capital Turnover and Firm Size Against  Net Profit Margin in the Pharmacy Industry in Indonesia Stock Exchange period 2012-2016.  The method used is quantitative descriptive method with independent variables, Debt to Equity Ratio, Working Capital Turnover and the Firm Size , while the dependent variable is Net Profit Margin. The analytical tool used in this research is multiple linear regression analysis, the classical assumption test, hypothesis test and  coefficient of determination. The conclusion of this study indicate that the Debt to Equity Ratio, Working Capital Turnover and Firm size simultaneously significant affect on Net Profit Margin. In partial Working Capital Turnover significant affect on Net Profit Margin

scholarly journals The Effect of Intellectual Capital Disclosure, Corporate Governace, and Firm Size on Firm Value

2019 ◽  
Author(s):  
Dewi Puji Rahayu
Keyword(s):  
Firm Size ◽  
Intellectual Capital ◽  
Firm Value ◽  
Stock Exchange ◽  
Coefficient Of Determination ◽  
Panel Data Regression ◽  
Data Regression ◽  
Result Show ◽  
Negative Effect ◽  
Corporate Governace

This study aims to analyze the effect of intellectual capital, corporate governance and firm size towards firm value. The research method used is panel data regression analysis, by using purposive sampling method, there are eighty one companies from 2012 – 2017 period and listed on the Indonesia Stock Exchange. The result show that, intellectual capital disclosure and firm size have a significant negative effect on firm value. Furthermore, institution ownership have a significant positive on firm value. Intellectual capital disclosure, institution ownership and firm size simultaneously have a significant on firm value, with the value of the coefficient of determination (R2) of 0.90, indicate that all independent variables can explain the variation of firm value of 90%, whereas the remainder of 10% is explained by other factors not included in the model.

scholarly journals Analysis of Factors Affecting Capital Structures in Companies Listed in Indonesia Stock Exchange Period 2010-2014

2021 ◽  
Vol 9 (2) ◽  
pp. 135-142
Author(s):  
Eva Hardianti
Keyword(s):  
Capital Structure ◽  
Sampling Method ◽  
Stock Exchange ◽  
Sample Selection ◽  
Secondary Data ◽  
Coefficient Of Determination ◽  
Company Size ◽  
Sales Growth ◽  
Factors Affecting ◽  
The Capital Structure

This research aims to analyze the factors that affect the capital structure of companies listed on the Indonesia Stock Exchange in the period 2010-2014. The variables studied were profitability, sales growth, asset structure and company size. This research is a comparative causal study. The data used is secondary data obtained from the site www.idx.co.id.The population in this study are all companies listed on the Indonesia Stock Exchange in the period 2010-2014. The sample selection is done by using purposive sampling method, so that as much as 1089 observational data are obtained. Analysis of the data used is multiple regression analysis. The results of this study indicate that the variable profitability, asset structure and firm size significantly influence the capital structure. The magnitude of the coefficient of determination (Adjusted R Square) is equal to 0.104. This means that 10.4% of the dependent variable that is capital structure can be explained by four independent variables namely profitability, sales growth, asset structure and company size. While the remaining 89.6% is explained by variables or other causes outside the model.

scholarly journals Kemampuan Firm Size dan Laverage Terhadap Bond Rating pada Perusahaan yang Terdaftar di Bursa Efek Indonesia

2020 ◽  
Vol 8 (1) ◽  
pp. 59
Author(s):  
Fabianca Fachreza ◽  
Nor Norisanti ◽  
Acep Samsudin
Keyword(s):  
Firm Size ◽  
Stock Exchange ◽  
Linear Regression Analysis ◽  
Sampling Technique ◽  
Multiple Linear Regression Analysis ◽  
Test Results ◽  
Bond Ratings ◽  
Bond Rating ◽  
Analysis Technique ◽  
Negative Effect

This study aims to examine the effect of Firm Size and Leverage on Bond Ratings in banking subsector companies in the Indonesia Stock Exchange period 2018. The sample in this study was obtained using purposive sampling method which is included in the non-probability sampling technique. The sample in this study consisted of banking subsector companies listed on the IDX in 2018 and rated by PT PEFINDO with a total of 22 banking companies. The method used in this research is descriptive with quantitative and associative approaches. The data analysis technique used is multiple linear regression analysis with an R Square value of 0.030 which can be interpreted as the effect of firm size and leverage on a bond rating of 3% and the remaining 97% is influenced by other factors not examined in this study. F Test results show a value of Fcount 0.295 <3.49 Ftable which means there is no effect on firm size and leverage on the bond rating. From the test results partially firm size variables have a positive effect and leverage has a negative effect on the bond rating.  

scholarly journals Analysis Of Factors Affecting The Profitability In Consumer Goods Sector Companies Listed On The Indonesia Stock Exchange In 2015-2020 Period

2021 ◽  
Vol 1 (5) ◽  
pp. 545-558
Author(s):  
Dwi Verasasti Tarihoran ◽  
Endri Endri
Keyword(s):  
Exchange Rate ◽  
Firm Size ◽  
Consumer Goods ◽  
Stock Exchange ◽  
Substantial Effect ◽  
Test Method ◽  
Oil Price ◽  
Factors Affecting ◽  
Equity Ratio ◽  
Independent Variable

This study examines factors that affect profitability in the consumer goods sector listed on the Indonesia Stock Exchange (IDX) for the 2015-2020 period.  In this study, the population are consumer goods sector companies listed on the Indonesia Stock Exchange for the 2015-2020 period. The technique used purposive sampling that obtained as many as 19 companies for the research objects. The independent variable in this study is Return On Assets (ROA). In contrast, the independent variables are Current ratio (CR), Debt to equity ratio (DER), Total Asset Turnover (TATO), Working Capital (WC), Sales Growth (Grow), Size Company (Firm Size), World Oil Price (Oil Price), and Exchange Rate. The test method to determine the effect of the independent variable on the dependent variable is the panel data regression analysis method which is processed using E-VIEWS 12. Based on the results of simultaneous research, it is known that CR, TATO, GROW have a significant positive effect on profitability (ROA), WC and FIRM Size has a negative and significant impact on profitability (ROA), while DER, Oil Price and Exchange Rate (Exchange) do not have a substantial effect on profitability (ROA).

scholarly journals PENGARUH FREE CASH FLOW, PERTUMBUHAN PERUSAHAAN, RETURN ON ASSETS, CASH RATIO, DEBT TO EQUITY RATIO DAN FIRM SIZE TERHADAP KEBIJAKAN DIVIDEN (Studi Empiris pada Perusahaan Sektor Industri Barang Konsumsi yang Terdaftar di Bursa Efek Indonesia Periode 2015

2020 ◽  
Vol 12 (1) ◽  
pp. 44-67
Author(s):  
Elisa Tjhoa
Keyword(s):  
Cash Flow ◽  
Firm Size ◽  
Stock Exchange ◽  
Secondary Data ◽  
Free Cash Flow ◽  
Return On Assets ◽  
Dividend Payout ◽  
Regression Methods ◽  
Negative Effect ◽  
Equity Ratio

Abstract- The company’s decision on the distribution of dividend, as one of the returns expected by investors aside of capital gain, is an important decision due to its impacts on company’s value and shareholders’ wealth. The purpose of this research is to obtain empirical evidence regarding the determinants on Dividend Payout Ratio, namely Free Cash Flow, Company’s Growth, Return on Assets, Cash Ratio, Debt to Equity Ratio, and Firm Size (Empirical Study on Consumption Goods Industry Companies Listed on Indonesia Stock Exchange between 2015-2017). The samples in this study were selected through purposive sampling method and secondary data were analyzed through multiple linear regression methods. In total, 13 companies were used as samples. The result of this study showed Free Cash Flow, Cash Ratio and Firm Size partially have significant and positive effect towards Dividend Payout Ratio, and Company’s Growth has significant and negative effect towards Dividend Payout Ratio. While Return on Assets and Debt to Equity Ratio has no significant effects toward Dividend Payout Ratio.  Free Cash Flow, Company’s Growth, Return on Assets, Cash Ratio, Debt to Equity Ratio and Firm Size simultaneously have significant effect toward Dividend Payout Ratio (DPR).   Keywords: Cash Ratio, Debt to Equity Ratio, Dividend Payout Ratio, Firm Size, Free Cash Flow, Growth, Return on Assets

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