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Business Groups and Corporate Bond Yield: Evidence From Indonesia Dwita Purwanti
Syntax Literate Jurnal Ilmiah Indonesia
Publisher : Syntax Corporation

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (337.451 KB) | DOI: 10.36418/syntax-literate.v7i11.11930

Abstract

This research examines the effect of corporate groups on yield spread of corporate bond. The results will show whether group affiliation has significant effect on yield spread when the bonds issued for first time. Research and studies in Indonesia are still limited, especially those that study the effect of company groups on bond yield spread. The research period was taken from the issuance of bonds by non-financial service issuers from 2013 to 2022 with a total of 365 series of conventional bonds issued by 61 issuers from non-financial services companies and banking. The results of this study show that group affiliation has significant effect on the bond’s yield spread.
Company Group Affiliations and Corporate Bond Yield Spread: Study Non-financial Companies Dwita Purwanti
Syntax Literate Jurnal Ilmiah Indonesia
Publisher : Syntax Corporation

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36418/syntax-literate.v7i9.14041

Abstract

This study examines the impact of corporate groups on corporate bond yield. The results of the study indicate whether related groups issue bonds with higher yield spreads than independent companies. In Indonesia, research is still limited to further analyse the impact of corporate groups, in particular, on bond yields. In this study, the study period was taken from non-financial services corporate bond issuances from 2013 to 2022, and a total of 328 series of conventional bonds from 48 non-financial services corporate and bank issuers were used.