文章基本信息

标题：Analisis Determinan Obligasi Korporasi
本地全文：下载
作者：Gatot Nazir Ahmad ; Wahyudiani Wahyudiani
期刊名称：Jurnal Aplikasi Bisnis dan Manajemen
印刷版ISSN：2528-5149
电子版ISSN：2460-7819
出版年度：2019
卷号：5
期号：3
页码：361-361
DOI：10.17358/jabm.5.3.361
出版社：Bogor Agricultural University
摘要：This study aims to analyze the effect of interest rates, exchange rates, bond ratings, and DER on yield to maturity of corporate bonds in the Indonesia Stock Exchange for the period 2011-2014. The analysis technique used panel data analysis. The results of the study show that interest rates (X1) had a positive effect and statistically significant on yield to maturity. The exchange rate (X2) and bond rating (X3) had a negative effect and significant, while DER (X4) had a positive sign and significant. The important finding was the negative relationship of the exchange rate (X2) to yield to maturity. The negative relationship of the exchange rate occurred because investors perceived that holding rupiah (Rp) currency considered safer than other currencies; hence the rupiah exchange rate against the USD was considered relatively stable. This result was contrary to the basic theory formulated in the hypothesis.
关键词：tingkat suku bunga; nilai tukar; peringkat obligasi; DER; panel data