文章基本信息

标题：PENGARUH MEKANISME CORPORATE GOVERNANCE TERHADAP PERINGKAT SURAT UTANG PERUSAHAAN DI INDONESIA
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作者：Dyah Setyaningrum
期刊名称：JAKI (Jurnal Akuntansi dan Keuangan Indonesia)
印刷版ISSN：1829-8494
电子版ISSN：2406-9701
出版年度：2005
卷号：2
期号：2
页码：73-102
DOI：10.21002/jaki.2005.11
语种：Indonesian
出版社：Universitas Indonesia
摘要：This research investigated whether corporate governance mechanism affects the.firm's bond rating in Indonesia.Specifically,investigation on whether corporate governance components.which are represented by ownership structure and influence,financial transparency and disclosure and board structure,affect the firm's bond rating.This research used several corporate governance mechanisms developed by Bursa Efek Jakarta and bond rating classification developed by Pefindo and Kasnic.Ordered logit model is selected to test the research problem.Usingfirm's characteristic as controlling variable,this research.found that the firm s bond rating is: (I) negatively associated with the number of block holders that own at least 5% ownership on the firm;(2) positively associated with percentage of institutional ownerships;(3) positively associated with the size of public accounting firm,and (4) positively associated with existence of audit comittee.The relationship between percentage of insider,board size and percentage of independent board with bond rating is not supported by empirical data.
关键词：corporate governance;bond rating;block holders;institutional ownership;audit committee;independent board