MUNGNIYATI MUNGNIYATI
STIE Trisakti

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THE EFFECT OF CORPORATE GOVERNANCE AND EARNINGS INFORMATION ON BOND RATINGS AND YIELDS MUNGNIYATI MUNGNIYATI
Jurnal Bisnis dan Akuntansi Vol 11 No 2 (2009): Jurnal Bisnis dan Akuntansi
Publisher : Pusat Penelitian dan Pengabdian Masyarakat Sekolah Tinggi Ilmu Ekonomi Trisakti

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (172.32 KB) | DOI: 10.34208/jba.v11i2.225

Abstract

The purpose of this research is to analyze effect of corporate governance and earnings information on bond ratings and yields. The proxies of corporate governance are institutional ownership, independent commissioner, audit committee, and managerial ownership. While the proxy of earning information is unexpected earning. Logistic regression is used to examine first hypothesis, and multiple regression is used to examine second hypothesis. Samples are all bonds that issued before January 1st, 2005 and mature after December 31st, 2007 which are rated by PEFINDO. The companies that issued bonds besides banking and financial institution should be listed in Indonesia Stock Exchange. The result of this research indicates that corporate governance and earnings information influence bond ratings and yields. The existence of independent commissioner has significant influence on bond ratings and yields. The existence of audit committee has significant influence on bond yields.
PENGARUH RASIO KEUANGAN TERHADAP RETURN SAHAM PADA PERUSAHAAN PUBLIK MANUFAKTUR JULIA TRISCA; MUNGNIYATI MUNGNIYATI
Jurnal Bisnis dan Akuntansi Vol 19 No 1a-5 (2017): Jurnal Bisnis dan Akuntansi
Publisher : Pusat Penelitian dan Pengabdian Masyarakat Sekolah Tinggi Ilmu Ekonomi Trisakti

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (160.403 KB) | DOI: 10.34208/jba.v19i1a-5.318

Abstract

The purpose of this research is to obtain empirical evidence about the factor that effect the stock return among listed manufacturing companies in Indonesia Stock Exchanges. The factors are rate of return on sales, current ratio, asset turnover ratio, financial leverage, the proportion of profit margin before interest, tax and depreciation (EBITDM), working capital turnover, inventory turnover, the ratio of market value to book value of equity and earnings yield. Sample selection procedure carried out by implementing purposive sampling method. The samples of this research consist of 49 listed manufacturing company in Indonesia Stock Exchange during the period of 2011 – 2014. Hypothesis was tested used by multiple regression with SPSS program. The results of this research showed that rate of return on sales, asset turnover ratio, and earnings yield affected the stock return, while current ratio, financial leverage, the proportion of profit margin before interest, tax and depreciation (EBITDM), working capital turnover, inventory turnover, and the ratio of market value to book value of equity has no effect to stock return.