TEST AGAINST FINANCIAL AND NONFINANCIAL FACTORS FOR BOND RATING

Akhmadi Akhmadi, Ana Susi Mulyani, Inggit Inggit

Abstract


In this study, bond ratings of non-financial companies listed on the Indonesia Stock
Exchange from 2013 to 2017 are examined in relation to financial and non-financial aspects. Use a sample of 21 companies drawn from the general business community. The methods used for data analysis included descriptive statistics, logistic regression, and partial hypothesis testing. According to the research, the only factors that positively and significantly affect bond ratings are profitability, bond guarantee, and bond age. Cash, firm size, and auditor reputation have a positive but not very substantial impact..


Keywords


ROA, CR, Total Assets, Bond Collateral, Bond Age, Auditor Reputation.

Full Text:

PDF

References


Al-khawaldeh, Abdullah Ash-shu’ayree. 2013. Determinants and Impacts of Internal Credit Rating.International Journal of Financial Research 4(1): 120-131 ISSN 1923-4023.

Amalia, Ninik. 2013. Rating of PT PEFINDO's Bonds: Based on Financial Information. Accounting Analysis Journal 2(2): 140-147.

Arisanti, Ike, et al. 2014. Analysis of Financial and Non-Financial Factors Affecting the Prediction of Sharia Bond Ratings (Empirical Study on Sharia Bond Issuing Companies Listed on the Indonesia Stock Exchange 2010-2012). ISSN 1412-5366.

Asih.2016. Factors Affecting Prediction of Bond Ratings on Non-Financial Companies Listed on the IDX for 2011-2013. JOM Fekon 3(1): 74-88

Azani, Putri Kinanti, et al. 2017. The Influence of Liquidity, Leverage and Company Growth on Bond Ratings: An Empirical Study on Non-Financial and Non-Banking Companies Rated by PT. PEFINDO 2011-2015. E-Proceeding of Management 4(1): 387-394.




DOI: http://dx.doi.org/10.35448/jequ.v12i2.17498

Refbacks

  • There are currently no refbacks.


Copyright (c) 2022 Jurnal Ekonomi-Qu

 

Jurnal Ekonomi-Qu is licensed under a Creative Commons Attribution 4.0 International License

Contact Person:
Sugeng Setyadi
Department of Economics
Faculty of Economics dan Business
Universitas Sultan Ageng Tirtayasa
Address: Jl. Raya Palka Km 3 Sindangsari, Pabuaran, Kab. Serang, Banten 42163
Cell Phone: +6282122028968
Phone: +62254 280330 ext 125
E-mail: [email protected]
E-mail (personal): [email protected]