International Journal of Business, Law, and Education
Vol. 5 No. 1 (2024): International Journal of Business, Law, and Education (January - June) Ongoing

Moderating Role of Activa Structure on Bond Prices of Manufacturing Companies on the Indonesia Stock Exchange

Rio Adrianus Tarigan (Universitas Advent Indonesia)
Ronny Buha Sihotang (Universitas Advent Indonesia)
Grace Orlyn Sitompul (Universitas Advent Indonesia)

Article Info

Publish Date
22 Mar 2024

Abstract

The aim of this research is to explore and quantify the interplay among interest rates, inflation, and market risk factors concerning bond prices, with asset structure playing a moderating role. Employing an associative quantitative approach, the study focused on 32 companies that issued bonds on the IDX between 2019 and 2021. A saturated sample technique (Census) was utilized, encompassing all 128 data points (n) from the population. Data analysis employed Moderating Regression Analysis (MRA). The findings indicate that interest rates and inflation individually exert a significant influence on corporate bond prices on the IDX. However, market risk does not demonstrate a significant impact on bond prices individually. Nevertheless, collectively, interest rates, inflation, and market risk jointly affect bond prices. The moderation test results, including the residual test, reveal that asset structure does not moderate the relationship between interest rates, inflation, and market risk on bond prices.

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International Journal of Business, Law, and Education
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journal

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IJBLE Scientific Publications Community Inc

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Economics, Econometrics & Finance Education Languange, Linguistic, Communication & Media Law, Crime, Criminology & Criminal Justice Neuroscience Social Sciences Other

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International Journal of Business, Law, and Education disseminates knowledge about Business, Law, and Education that useful to academics, educators, scholars, managers, practitioners, policy makers, consumers, and other stakeholders all around the ...