Sianturi, Rosita Naomi
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Bond Ratings dan Antesedennya: Studi Empiris di Bursa Efek Indonesia Wendy, Wendy; Sianturi, Rosita Naomi
Jurnal Ekonomi Bisnis dan Kewirausahaan Vol 6, No 1 (2017): Jurnal Ekonomi Bisnis dan Kewirausahaan (JEBIK)
Publisher : Fakultas Ekonomi dan Bisnis, UNTAN

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (350.209 KB) | DOI: 10.26418/jebik.v6i1.20727

Abstract

This paper provides the empirical evidence of corporate growth, maturity, and operating cash flows on the bond ratings. It was conducted on 34 bonds issued by the 16 non-financial companies on the Indonesia Stock Exchange (IDX) which also issued bonds, registered in the Indonesia Bond Market Directory, and rated by PEFINDO during 2012 - 2014. The hypotheses were tested using the logistic regression analysis. The result shows that corporate growth has significant effect on the bond ratings, while maturity and operating cash flow have no significant effect. Another finding shows that the firm size can also affect the bond ratings.