Faktor-Faktor Akuntansi Dan Non-Akuntansi Yang Mempengaruhi Prediksi Peringkat Obligasi Di Indonesia

Febriany, Novita and Kesaulya, Feby Astrid (2017) Faktor-Faktor Akuntansi Dan Non-Akuntansi Yang Mempengaruhi Prediksi Peringkat Obligasi Di Indonesia. Jurnal Keuangan dan Bisnis, 15 (2). pp. 83-98. ISSN 1693-8224

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Abstract

The objective of this research is to examine which accounting and non accounting factors affect the bond rating prediction. The accounting factors which were examined in this research are liquidity, leverage, and profitability. The non accounting factor which was examined is maturity. Data which were used to test the hypothesis were gathered from PT PEFINDO and Indonesian Stock Exchange (IDX). Total sample in this research is 246 firm years, but 12 of them were eliminated due to being outlier. So, the final data which were used are 234 firm years. The result of the test using logistic regression is that profitability is the only factor which affects the bond rating prediction. Other factors, such as, liquidity, leverage, and maturity do not affect the bond rating prediction. The result shows that rating agencies focus on bottom line when they give their rating to the corporate bond. The following research is suggested to examine other non accounting factors, such as secure and company age.

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