Jurnal Manajemen
Vol 12 No 1 (2024): Jurnal Manajemen

THE EFFECT OF BOND RATING, DEBT TO EQUITY RATIO, LIQUIDITY, AND SBI INTEREST RATES ON CORPORATE BOND YIELD TO MATURITY

Mega Wati (Mulia Darma Pratama Palembang College of Economics)
Muhamad Helmi (Mulia Darma Pratama Palembang College of Economics)
Destia Aktarina (Mulia Darma Pratama Palembang College of Economics)
Debi Carolina (Mulia Darma Pratama College of Economics)



Article Info

Publish Date
31 Jan 2024

Abstract

Judging from Indonesia's investment opportunities every year, the average investment opportunity has increased from year to year. This proves that Indonesia's investment activities should be given primary attention, both when the country's economy is deteriorating and when the country's economy is improving. The aim of this research isto determine the development of bond ratings, debt to equity ratio, liquidity, SBI interest rates on the yield to maturity of corporate bonds listed on the IDX for the 2017-2021 period and to determine the influence of bond ratings, debt to equity ratio, liquidity, SBI interest rates partially and simultaneously on the yield to maturity of corporate bonds.The analytical method used is the descriptive method and verification method with a sample of 7 companies. The results show that partially the bond rating and SBI interest rate variables have a positive and significant effect on yield to maturity, while the debt to equity ratio and liquidity variables have no significant effect on yield to maturity and simultaneously there is at least one independent bond rating variable, debt to Equity ratio, liquidity and SBI interest rates influence the yield to maturity of corporate bonds. This conclusion provides important insight into the factors that can influence the yield to maturity of corporate bonds on the IDX, which can be a guide for market players and companies in making financial decisions.

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Journal Info

Abbrev

jm

Publisher

Subject

Economics, Econometrics & Finance

Description

Jurnal Manajemen is a scientific communication media published by the Management Study Program, Faculty of Economics, University of Palembang. The Management Journal is dedicated to researchers and academics who wish to publish research papers, technical papers, conceptual papers, and case study ...