Jurnal Ilmiah Ekonomi dan Manajemen
Vol. 2 No. 2 (2024): Februari

FAKTOR-FAKTOR YANG MEMPENGARUHI YIELD TO MATURITY OBLIGASI

ARIINA ADILA (UNIVERSITAS PAMULANG)
MUHAMMAD RIDWAN (UNIVERSITAS PAMULANG)



Article Info

Publish Date
02 Jan 2024

Abstract

Bond yields represent income received by bondholders and one of the benchmarks used by investors to monitor the development of bond market. This study aims to test and obtain empirical evidence regarding the effect of the Interest Rate, Debt to Equity Ratio and firm size on the interest yield (Yield To Maturity) of corporate bonds. This study uses a sample of banking sector companies listed on the Indonesia Stock Exchange (IDX) in 2018-2022 wich have Bonds on the Indonesia Stock Exchange (IDX) in 2018-2022 . This study was conducted on the Indonesia Stock Exchange (IDX) with secondary data obtained from the IDX, the IDX Bond Book, and the financial reports of each sample company. The sample determination method used in this study is purposive sampling using Eviews 12 for data analysis. This type of research is quantitative with 12 companies used as research samples with observations for 5 years, so the total research sample is 60 samples. The data analysis technique used is multiple linear regression. The results of this study indicate that partially the interest rate has a significant effect on Yield To Maturity, partially the Debt to Equity Ratio has no significant effect on Yield To Maturity, partially firm size has a significant effect on Yield To Maturity. Simultaneously, Interest Rates, Debt to Equity Ratio and firm size have an impact on Yield To Maturity. These results support the findings of several previous studies which also strengthen the position of interest rates and firm size as determinants of yield.

Copyrights © 2024






Journal Info

Abbrev

jiem

Publisher

Subject

Other

Description

JURNAL ILMIAH EKONOMI DAN MANAJEMEN (JIEM) berfokus pada penerbitan artikel berkualitas tinggi yang didedikasikan untuk semua aspek penelitian, masalah, dan perkembangan terbaru di bidang Ilmu Manajemen. Topik dalam Jurnal ini berkaitan dengan aspek apapun dari manajemen, namun tidak terbatas pada ...