Pengaruh Likuiditas, Profitabilitas Dan Leverage Terhadap Peringkat Obligasi Perusahaan Di Indonesia

Linawati, Linawati; Wibowo, Agung Edy

doi:10.32477/jrm.v7i2.201

Cited by 5 publications

(5 citation statements)

References 0 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…Apart from that, there are differences in the results of research by Kaltsum & Anggraini (2021), Darmawan et al (2020)and Fadah et al (2020which concludes that liquidity and leverage have an influence on bond ratings. However, a different conclusion is expressed, namely Wibowo & Linawati (2020)that liquidity has no influence on bond ratings, while solvency has an influence on bond ratings. The results of other research also state Alie & Febrinta (2020)that the partial liquidity ratio has no influence on bond ratings and the solvency ratio has no influence on bond ratings.…”

Section: Figure 2 Company Default Ratementioning

confidence: 97%

The Influence of Liquidity and Solvability on the Bond Ratings of Indonesia stock exchange : Evidence From the Raw Materials Sector

Istifariana,

Sumilir,

Supriadi

2023

IJBTOB

View full text Add to dashboard Cite

Bonds are issued by companies and government agencies seeking capital with long-term debt. Bonds still carry risks for investors, namely the possibility of default, like other financial assets . Bond ratings are one indicator that can be used to measure this risk. Liquidity and sovability ratios can be used as indicators that can assess a company's capacity to pay all short and long term debts on time. The aim of this research is to examine the influence of liquidity ratios and solvency ratios on the bond ratings of basic materials sector companies listed on the Indonesia Stock Exchange. The objects of observation in this research are all public companies in the basic materials sector which are listed on the Indonesia Stock Exchange and whose bonds are rated by PT. Pefindo during the 2017-2021 period. Observations were taken using a purposive sampling technique because they have certain criteria. The method used in this research uses panel data regression analysis techniques with the help of E-Views 12. The research results show that 1) liquidity can be used as a benchmark to influence the rating of a bond and 2) the solvency ratio cannot be used as a benchmark that can influence the rating of a bond. Key words: bonds; bond ratings; liquidity ratio; solvency ratio; cash ratio; debt to equity ratio

show abstract

Section: Figure 2 Company Default Ratementioning

confidence: 97%

The Influence of Liquidity and Solvability on the Bond Ratings of Indonesia stock exchange : Evidence From the Raw Materials Sector

Istifariana,

Sumilir,

Supriadi

2023

IJBTOB

View full text Add to dashboard Cite

show abstract

“…Obligasi merupakan Alternative investasi saham bagi investor dalam portofolio (Wibowo & Linawati, 2020). Akan tetapi, berinvestasi di obligasi bukan berarti tidak memiliki resiko, salah satunya risiko gagal bayar.…”

Section: Pendahuluanunclassified

“…Terlalu tinggiya current ratio, dapat mengindikasikan berbagai masalah, seperti, kas yang terlalu gemuk, hal ini berakibat buruk terhadap perusahaan karena mengindikasikan adanya pengelolaan aset tidak baik. Hasil penelitian ini mendukung penelitian yang dilakukan (Kurniawan & Suwarti, 2017), Arafah, (2019), Wibowo & Linawati, (2020), (Tannia et al, 2020), menyatakan bahwa tidak adanya pengaruh signifikan antara likuiditas terhadap Peringkat obligasi. Bertentangan dengan penelitian yang dilakukan oleh Hasan & Dana, (2018), (Kustiyaningrum et al, 2017), Kaltsum, & Dahlia, (2021), (Azizah et al, 2022), dengan hasil bahwa likuditas berpengaruh terhadap peringkat obligasi.…”

Section: Pembahasanunclassified

Analisis Faktor-Faktor Yang Mempengaruhi Peringkat Obligasi Perusahaan Non- Keuangan Di Pt Pefindo

Manurung,

Terzaghi

2024

J.Citek

View full text Add to dashboard Cite

This research aims to determine: [1] the influence of profitability, [2] the influence of likuidity, [3] the influence of leverage [4] the influence of size firm, on bond level. This type of research is quantitative research. The population in this study were all non- financial companies registered with PT PEFINDO. The sampling method in this study used a purposive sampling technique of 48 companies. Data collection techniques in this study using a complete financial documentation for 2020-2022 period via the official BEI website anda documentation of companybond rating from the official PT PEFINDO website. The data analysis technique uses descriptive statistical analysis, panel data testing, classical assumption test, hypothesis test, coefficient of determination (R test), simultaneous test (F test), partial test (T test)) processed with Eviews 12. The research results show that profitability, size firm, have a positive and significant effect on bond level, while likuidity and leverage have no effect on bond level.

show abstract

“…Sedangkan menurut Latif., (2022) obligasi tidak menilai proporsi penggunaan laba dalam arus kas pendanaan, melainkan menilai bagaimana perusahaan mampu untuk membayar deviden. Hasil penelitian sama dengan penelitian sebelumnya (Badjra, 2016;Kustiyaningrum et al, 2017;Linawati & Wibowo, 2020;Sisca & Pramesti, 2022) yang menemukan hasil penelitian bahwa profitabilitas tidak berpengaruh terhadap peringkat obligasi.…”

Section: Pengaruh Profitabilitas Terhadap Peringkat Obligasiunclassified

Analisis Pengaruh Resiko Bisnis,Profitabilitas dan Karakteristik Perusahaan terhadap Peringkat Obligasi dengan Struktur Modal sebagai Variabel Mediasi pada Perusahaan Perbankan BEI 2016-2021

Jayanti

Rinofah

Kusumawardhani

2022

reslaj

View full text Add to dashboard Cite

The goal of this study is to investigate how bond ratings are influenced by business risk, profitability, company size, and company growth on bond rating through the use of capital structure. The population of this study is made up of PT Indonesian Rating Agency and the banking businesses listed on the Indonesia Stock Exchange for the years 2016 through 2021. Purposive sampling was the method of sampling that was used. The information used was gathered through the use of secondary data and library research methods. The Sobel test, the Path Analysis method, and the SPSS version 26 application were used in this study's data analysis at 15 different companies. The findings of this study suggest that, while profitability has no effect on bond ratings, business risk, company size, and company growth have a considerable positive impact. A capital structure's capacity to moderate the effects of business risk, profitability, company size, and company growth on bond ratings is another benefit.

show abstract

Pengaruh Likuiditas, Profitabilitas Dan Leverage Terhadap Peringkat Obligasi Perusahaan Di Indonesia

Cited by 5 publications

References 0 publications

The Influence of Liquidity and Solvability on the Bond Ratings of Indonesia stock exchange : Evidence From the Raw Materials Sector

The Influence of Liquidity and Solvability on the Bond Ratings of Indonesia stock exchange : Evidence From the Raw Materials Sector

Analisis Faktor-Faktor Yang Mempengaruhi Peringkat Obligasi Perusahaan Non- Keuangan Di Pt Pefindo

Analisis Pengaruh Resiko Bisnis,Profitabilitas dan Karakteristik Perusahaan terhadap Peringkat Obligasi dengan Struktur Modal sebagai Variabel Mediasi pada Perusahaan Perbankan BEI 2016-2021

Contact Info

Product

Resources

About