Determinan peringkat obligasi korporasi di indonesia

Main Article Content

Nur Rosita
Mu’minatus Sholichah
Rahmat Agus Santoso

Abstract

This study aims to determine the impact of the liquidity ratio on the investment rating of bonds, determine the impact of debt on the potential capital adequacy for the level of fixed income investment, determine the impact of total asset turnover on bonds with potential investment value, determine the impact of asset returns on bonds with potential investment value, knowing the impact of company size on the potential investment value of corporate bonds, and determine the impact of the bond's age on its possible investment rating. This type of research is included in the type of quantitative research with a causal approach. Based on the results of the ratio has an effect on the occurrence of investment grade corporate bond ratings. Asset Turnover has an effect on the occurrence of investment grade corporate bond ratings. This means that the high or low value of Total Asset Turnover can affect the bond ratings of non-financial companies. On Asset has an effect on the occurrence of investment grade corporate bond ratings. This means that the high and low Return On Assets cannot affect the bond ratings of non-financial companies.

Article Details

How to Cite
Rosita, N. ., Sholichah, M. ., & Santoso, R. A. . (2022). Determinan peringkat obligasi korporasi di indonesia. Fair Value: Jurnal Ilmiah Akuntansi Dan Keuangan, 5(3), 1333–1346. https://doi.org/10.32670/fairvalue.v5i3.2457
Section
Articles

References

Darmawan, A., Fayed, Y. F. Al, Bagis, F., & Pratama, B. C. (2020). Pengaruh profitabilitas, likuiditas, leverage, umur obligasi dan ukuran perusahaan terhadap peringkat obligasi pada sektor keuangan yang terdapat di bei tahun 2015-2018. DERIVATIF: Jurnal Manajemen, 14(1), 99–114.

Hafidania, R., & Hakiman. (2020). Determinants of bond rating: case study on consumer finance companies of indonesia stock exchange in 2018 period. Dinasti International Journal of Digital Business Management, 1(5), 670–679. https://doi.org/10.31933/DIJDBM

Hamid, A. A., Siagian, A., Razak, A., & Endri, E. (2019). Determinants of Bond Rating and its Implications to Corporate Bond Yield. International Journal of Engineering and Advanced Technology (IJEAT), 9(2), 195–200. https://doi.org/10.35940/ijeat.B3358.129219

Husnan, S. (2015). Dasar-Dasar Teori Portofolio dan Analisis Sekuritas. UPP AMP YKPN.

Lestari, A., & Syarif, A. D. (2020). The Effect of Liquidity, Leverage, Profitability, and Firm Size on the Bond Rating of Banking Sub Sector in Indonesia Stock Exchange 2014 – 2018. International Journal of Innovative Science and Research Technology, 5(8), 748–752. https://doi.org/10.38124/ijisrt20aug320

Maghfiroh, U. A., & Fidiana. (2019). Manajemen laba, profitabilitas, dan likuiditas sebagai peringkat obligasi. Jurnal Riset Dan Aplikasi: Akuntansi Dan Manajemen, 3(3), 203–216.

Mahfudhoh, R. U., & Cahyonowati, N. (2014). Analisis Faktor-Faktor Yang Mempengaruhi Peringkat Obligasi. Diponegoro Journal of Accounting, 1(1), 1–13.

Ni’mah, A., Laila, N., Rusmita, S. A., & Cahyono, E. F. (2020). Determinants of corporate bond and sukuk rating in indonesia. Journal of Islamic Monetary Economics and Finance, 6(3), 689–712. https://doi.org/10.4324/9781003049814-14

Otoritas Jasa Keuangan (OJK). (2022). Statistik Pasar Modal Indonesia.

Pardosi, R. R., & Budyastuti, T. (2021). Effects of Leverage Operating Cash Flow and Profitability on Bond Rating. 80–86.

Parulian, & Suprihatin, N. (2020). The Effect of Company Profitability, Leverage, and Firm Size on Bond Ranking of Banking Companies Registered on The Indonesian Stock Exchange (IDX) for The Period 2015-2019. Journal of Reseacrh in Business, Economics, and Education, 2(4), 1–11.

Pefindo. (2020). PT MAYORA INDAH Tbk . (Issue June 2020).

Pefindo. (2021). Studi gagal bayar korporasi dan surat utang korporasi yang diperingkat oleh pefindo 2007 – 2020.

Permana, T. E., Chaerudin, R. M., & Wiyono, D. (2020). Studi tentang faktor-faktor penentu bond rating pada industri properti, real estate dan perusahaan kontruksi bangunan yang terdaftar di bei periode 2013-2017. Ekono Insentif, 14(1), 65–76.

Purnama, D. (2019). Analysis of financial and non financial factor in predicting bank bond rating listed indonesia stock exchange. Accounting Research Journal of Sutaatmadja (Accruals), 3(1), 49–61.

Sugiyono. (2018). Metode Penelitian Kuantitatif, Kualitatif dan R&D. Bandung: Alfabeta.

Suharmadi, & Suripto. (2021). Effect of liquidity, productivity and firm size on bond ranking. International Journal of Environmental, Sustainability, and Social Sciences, 2(2), 79–88.

Syarifah. (2021). Effect of Earnings Management, Liquidity Ratio, Solvency Ratio and Ratio Profitability of Bond Ratings in Manufacturing : (Case Study Sub-Sector Property and Real Estate Sector Companies listed on the IDX Indonesian). International Journal of Business, Economics and Social Development, 2(2), 89–97.

Utami, E. S., Anitasari, D., & Endhiarto, T. (2017). Determinants of Corporate Bond Rating in Indonesia : Additional Evidence. Review Of Management And Entrepreneurship, 01(02), 27–33.