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ANALISIS DETERMINAN PERINGKAT SUKUK DAN PERINGKAT OBLIGASI DI INDONESIA

Mahfudz, Akhmad Affandi (2014) ANALISIS DETERMINAN PERINGKAT SUKUK DAN PERINGKAT OBLIGASI DI INDONESIA. Tazkia: Islamic Finance & Business Review, 6 (2). pp. 105-137. ISSN 1907-8145

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Abstract

This study attempts to analyze the determinants of sukuk and bond rating in Indonesia. The purpose of this study is to determine factors influencing sukuk and bond rating using separate test. The study uses financial and non financial ratios such as company growth, firm size, profitability, liquidity, leverage ratio, and sukuk and bond maturity. This study examines corporate sukuk and bond that listed from 2004-2006 (9 sukuk and 15 bonds) at Indonesian Stock Exchange for the period of 2007-2009. This research employs ordinal logistic regression. The result of the study reveales that only firm size variable determines sukuk rating while others are not (growth, profitability, liquidity, leverage ratio and maturity). Firm size, profitability, and maturity influences the bond rating above 5 years while growth, liquidity, and leverage ratio are not significantly influence the bond rating.

Item Type: Article
Subjects: 23rd Dewey Decimal Classification > 2X6 - Masyarakat, Politik, Ekonomi, Organisasi, Kebudayaan, Perpustakaan, dan Adat Istiadat dalam Islam > 2X6.300 - Ekonomi Islam, Sistem Ekonomi Islam
Divisions: Fakultas Ekonomi dan Manajemen UNIDA Gontor > Ekonomi Islam
Depositing User: PAK Fakultas Ekonomi Menejemen
Date Deposited: 20 Feb 2023 03:08
Last Modified: 20 Feb 2023 03:08
URI: http://repo.unida.gontor.ac.id/id/eprint/2069

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