Claim Missing Document
Check
Articles

Found 4 Documents
Search
Journal : Jurnal Ilmiah ASET

Ketepatan Pemeringkatan Obligasi Antara Model Prediksi dan Agen Pemeringkat Sari, Maylia Pramono
Jurnal Ilmiah Aset Vol 11 No 1 (2009): Jurnal ASET Volume 11 No 1
Publisher : STIE Widya Manggala

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

Bond rating which is generally released by rating agency has to be paid attention by enthusiastic investors who buy the obligation, because the rating gives the informative statement and gives the signal about probability failure owned by company. Research target is to evaluate and give the empirical evidence so meet the accuracy of bond rating by agent PEFINDO, by testing ability prediction model using accounting information that is finance ratio. By using sample as much 36 companies of non finance or 168 observation since year 2000 until 2002, the result from analysis of Multiple Discriminant Analysis (MDA) by statistic give chapter and verse that fifth of finance ratio raised by a researcher that is ratio leverage (LEVLTLTA), liquidity (LIKCAICL), solvency (SOLCFOTL),profitability (PROFOIS) and productivity (PRODSFA) own the ability in forming model for the prediction of bond rating. Meanwhile the results of analysis of Chi Square gives chapter and verse that bond rating tye prediction model of based on finance ratio by statistic differ and better than bond rating conducted by agent PEFINDO. Thereby prediction model conducted by a the researcher can replace the rating conducted by agent PEFINDO.
Kekonsistenan Rasio Keuangan Dalam Memprediksi Peringkat Obligasi Antar Agen Pemeringkat (Pefindo, Moodys dan Standar & Poors) Sari, Maylia Pramono
Jurnal Ilmiah Aset Vol 10 No 1 (2008): Jurnal ASET Volume 10 No 1
Publisher : STIE Widya Manggala

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

This papper seeks to analyze the ability and consistency of financial ratio variable in predicting bond rating by comparing several research using different bond rating as the data. The result of the empiric research comparation in this paper showed that the financial ratio from the financial report could describe and could be a prediction device of the company’s bond rating issued by the security rating determiner agent. In addition, it was obtained that from several agents, such as PEFINDO, Moody’s Standard & Poor’s, are all consistent. There are also some different significant variable on the previous research, it was caused by sample, period, and statistical technique used. Beside that there are still another variables used in Indonesia refered to several previous researches apart from the variable used the paper. From the conclusion’s result, there are found some variable used in forming prediction model in bond rate in Indonesia for future. Other financial ratio variables may be used for example, financialratio and size and growth of the company. Meanwhile another financial ratio variable may be used in forming the model of increasing bond. Those variables are: indenture provision (sinking fund and bond asset) and another environment factor, so that the result of the following researches about the prediction will be more accurate.
Ketepatan Pemeringkatan Obligasi Antara Model Prediksi dan Agen Pemeringkat Maylia Pramono Sari
Jurnal Ilmiah Aset Vol 11 No 1 (2009): Jurnal ASET Volume 11 No 1
Publisher : STIE Widya Manggala

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

Bond rating which is generally released by rating agency has to be paid attention by enthusiastic investors who buy the obligation, because the rating gives the informative statement and gives the signal about probability failure owned by company. Research target is to evaluate and give the empirical evidence so meet the accuracy of bond rating by agent PEFINDO, by testing ability prediction model using accounting information that is finance ratio. By using sample as much 36 companies of non finance or 168 observation since year 2000 until 2002, the result from analysis of Multiple Discriminant Analysis (MDA) by statistic give chapter and verse that fifth of finance ratio raised by a researcher that is ratio leverage (LEVLTLTA), liquidity (LIKCAICL), solvency (SOLCFOTL),profitability (PROFOIS) and productivity (PRODSFA) own the ability in forming model for the prediction of bond rating. Meanwhile the results of analysis of Chi Square gives chapter and verse that bond rating tye prediction model of based on finance ratio by statistic differ and better than bond rating conducted by agent PEFINDO. Thereby prediction model conducted by a the researcher can replace the rating conducted by agent PEFINDO.
Kekonsistenan Rasio Keuangan Dalam Memprediksi Peringkat Obligasi Antar Agen Pemeringkat (Pefindo, Moodys dan Standar & Poors) Maylia Pramono Sari
Jurnal Ilmiah Aset Vol 10 No 1 (2008): Jurnal ASET Volume 10 No 1
Publisher : STIE Widya Manggala

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

This papper seeks to analyze the ability and consistency of financial ratio variable in predicting bond rating by comparing several research using different bond rating as the data. The result of the empiric research comparation in this paper showed that the financial ratio from the financial report could describe and could be a prediction device of the company’s bond rating issued by the security rating determiner agent. In addition, it was obtained that from several agents, such as PEFINDO, Moody’s Standard & Poor’s, are all consistent. There are also some different significant variable on the previous research, it was caused by sample, period, and statistical technique used. Beside that there are still another variables used in Indonesia refered to several previous researches apart from the variable used the paper. From the conclusion’s result, there are found some variable used in forming prediction model in bond rate in Indonesia for future. Other financial ratio variables may be used for example, financialratio and size and growth of the company. Meanwhile another financial ratio variable may be used in forming the model of increasing bond. Those variables are: indenture provision (sinking fund and bond asset) and another environment factor, so that the result of the following researches about the prediction will be more accurate.