Herlambang, Resandy
Unknown Affiliation

Published : 1 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 1 Documents
Search

Analisis Karakteristik Obligasi terhadap Return Obligasi pada Sub Sektor Perbankan Tahun 2010-2013 Herlambang, Resandy; Nuryartono, Nunung
Jurnal Aplikasi Manajemen Vol. 14 No. 2 (2016)
Publisher : Universitas Brawijaya, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (189.936 KB) | DOI: 10.18202/jam23026332.14.2.09

Abstract

Abstract: Corporate bond markethas dominated by banking sub-sector. This bond issue can not be separated for strengthening the capital structure of banking sub-sectoritself. Meanwhile, the net interest margin has decreased over the last few years, it will affect to their profit. This study aims to analyze the characteristics of bonds play an important role in influencing the return of the bonds on the banking sub-sector. Data were processed by using panel data, which consists of 14 bonds and using quarterly data from 2010–2013. According to the results of Hausman test, this study uses the random effect method. The results showed that the yield to maturity, interest rate, and duration had a significant influence on the bond return, while the bond rating and debt to equity ratio do not have effect on bond return.