Jurnal Riset Manajemen dan Bisnis
Vol 6, No 1 (2011): Jurnal Riset Manjemen dan Bisnis

PENGARUH CORPORATE GOVERNANCE TERHADAP PERINGKAT DAN YIELD OBLIGASI DI BEI

Sihotang Dikson Terry (Alumni Fakultas Bisnis, Universitas Kristen Duta Wacana Jl. Dr. Wahidin Sudiro Husodo 5-25, Yogyakarta, 55224)

Article Info

Publish Date
01 Jun 2011

Abstract

The purpose of this study is to examine weather corporate governance impact on bond yield and rating. This study analyses sample 27 of bonds made of Indonesian Stock Exchangelisted finance firms over the period 2004-2008. Data is analysed by using multivariate logistic regression dan multivariate regression. Multivariate logistic regres-sion is used to analyse the effect of corporate governance impact on bond rating. Meanwhile, multivariateregres-sion is used to analyse the effect of corporate governance impact on bond yield. The analyses show two main findings. First, Independent board have negative impact on bond rating. How-ever, the coefficient of the variable result is not consistent with the prediction.  Second, institutional ownership have negative impact on bond yield.Keywords: Corporate Governance, Bond Rating, Bond Yield

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Journal Info
Jurnal Riset Manajemen dan Bisnis
Website

Abbrev

jrmb

Publisher

Universitas Kristen Duta Wacana

Subject

Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Social Sciences

Description

Focus and Scope Jurnal Riset Manajemen dan Bisnis (p-ISSN: 1907-7343; e-ISSN: 2714-7312) adalah jurnal yang dipublikasikan oleh Fakultas Bisnis Universitas Kristen Duta Wacana yang terbit dua kali setahun (Juli dan Desember). Jurnal ini didedikasikan sebagai sarana untuk berbagi dan diseminasi ...