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ANALISIS FAKTOR-FAKTOR YANG MEMPENGARUHI YIELD OBLIGASI NEGARA TAHUN 2010 - 2012 Anang Aulia Rahman; sam'ani -
JURNAL EKONOMI MANAJEMEN AKUNTANSI Vol 20, No 35 (2013)
Publisher : LPPM STIE DHARMAPUTRA SEMARANG

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Abstract

This research examines the effect of term to maturity, inflation, interest rate (BI rate), exchange rate and oil price to bond yield. How far which all that variable will influence the yield of bond discussed through in this research. Market interest rate reference in this research is BI rate, term to maturity is residual lifetime of bond (maturity date), exchange rate is Rupiah median rate to US Dollar, inflation is inflation rate per year and oil price universalize.The results show correlation between bond yield with term to maturity, inflation, interest rate,  exchange  rate  and  oil  price  are  0,925.  While  coefficient  determination  (Adjusted  R Square) equal to 0,854, its meaning 85,4% of bond yield explainable by term to maturity, inflation, interest rate, exchange rate and oil price, the rest (14,6%) explained by others factor. By multiple regression stepwise method, we know that term to maturity (sig 0,000), inflation (sig 0,000), exchange rate (sig 0,001) and oil price (sig 0,000) have significant effect to bond yield. But interest rate (sig 0,331) has not a significant to bond yield. Keyword : Bond yield, term to maturity, inflation, BI Rate, exchange rate and oil price
PENGARUH BUNGA PASAR, JATUH TEMPO OBLIGASI, RATING OBLIGASI, NILAI TUKAR DAN INFLASI TERHADAP YIELD OBLIGASI DI BURSA EFEK INDONESIA sam'ani -
JURNAL EKONOMI MANAJEMEN AKUNTANSI Vol 17, No 29 (2010)
Publisher : LPPM STIE DHARMAPUTRA SEMARANG

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Abstract

 This research investigates the effect of BI rate, term to maturity, bond rating, exchange rate and inflation to bond yield. The proxies of BI rate, term to maturity, bond rating, exchange rate and inflation are independent variables, and the dependent variable is bond yield. The research uses the sample of corporate conventional bonds listed in  Indonesia Stock Exchange (IDX) and rated by Pefindo during 2000 – 2008 , while data of market interest rate (BI rate), exchange rate and inflation provided from Bank Indonesia and data statistik Indonesia. It suggest that correlation between bond yield with BI rate, term to maturity, bond rating, exchange rate and inflation are  0,640. While coefficient determination ( R Square) equal to 0,409, its meaning 40,90 % bond yield explainable by interest rate (BI rate), term to maturity, bond rating, exchange rate and the inflation, the rest (59,10%) explained by others factor. The result suggest, that BI rate, term to maturity, bond rating, exchange rate and inflation have a significant effect to bond yield with 0,000 < α = 0,05. The existence of BI rate and term to maturity have possitive significant effect to bond yield. The existence of bond rating and exchange rate have negative significant effect to bond yield and inflation has no significant effect to bond yield. Keyword : Bond yield, BI Rate, term to maturity, bond rating, exchange rate and inflation
PASAR MODAL SEBAGAI SUMBER PEMBIAYAAN PERUSAHAAN sam&#039;ani -
DHARMA EKONOMI Vol 18, No 34 (2011)
Publisher : LPPM STIE DHARMAPUTRA SEMARANG

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Abstract

Pasar modal sebagai tempat untuk mencari pembiayaaan atau modal telah banyak membantu perusahaan didalam memenuhi kebutuhan permodalan, dan perusahaan/emiten dapat memilih alternative pendanaanya melalui Penawaran Umum Perdana atau IPO, melalui Penawaran Umum Terbatas atau Right Issue/HMETD.Jumlah dana yang berhasil dihimpun oleh perusahaan/emiten melalui IPO dan Right Issue selama lima tahun terakhir (2006 s/d 2010) mencapai Rp. 218,34 triliun atau setara dengan 44,55 % dari total nilai emisi saham sampai dengan akhir tahun 2010.Sedangkan jumlah dana yang berhasil dihimpun perusahaan/emiten melalui penerbitan obligasi korporasi selama lima tahun terakhir dari 2006 sampai dengan 2010 mencapai Rp. 85,437 triliun dengan jumlah emiten sebanyak 129 perusahaan.