The Effect of Leverage, Liquidity, Profitability, Coverage, Growth, and Firm Size With Auditor’s Reputation As A Moderating To Bond Rating of Banking Firm

Rosa, Vega M.; Musdholifah, Musdholifah

doi:10.24198/jbm.v17i1.6

Cited by 4 publications

(7 citation statements)

References 3 publications

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“…In line with the research results of Rosa and Musdholifah (2016), with sample of 176 bond rates by PEFINDO period 2004 to 2013. showed that profitability, growth, and firm size had an effect on bond rating. In the other hand, leverage, liquidity, and coverage had no effect on bond rating.…”

Section: )supporting

confidence: 87%

What the Factors Differentiates Bond Ratings?

Pitoyo¹,

Afriany²

2019

j. Organisasi dan manaj.

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The purpose of this study is to look for factors that differentiate bond ratings listed on PEFINDO. This study uses 32 random samples of corporate bond ratings listed on PEFINDO, and will be analyzed using the multiple discriminant method. The results of this study are of 5 independent variables; corporate size, debt variation, net profit margin, debt to equity, and profit consistency, only 3 independent variables; debt variation, net profit margin and profit consistency that are able to differentiate the bond rating of corporates listed on PEFINDO. Based on the analysis using the Stepwise method, the net profit margin variable is the first variable used for analysis, where the net profit margin variable cannot partially distinguish the bond rating group. In the second stage, the results by using 2 variables, net profit margin and profit consistency are obtained that these two variables are able to distinguish groups of bonds ranked A and AA. Whereas when the debt variation variable is added, then these three variables can distinguish bonds ranked AAA, AA and A.

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Section: )supporting

confidence: 87%

What the Factors Differentiates Bond Ratings?

Pitoyo¹,

Afriany²

2019

j. Organisasi dan manaj.

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“…When associated with bond ratings, higher leverage ratios result in bond ratings declining. This phenomenon is in line with research Prastiani (2018), Kustiyaningrum et al (2017), Sari and Badira (2016), Rosa and Musdholifah (2016) and, Henny (2016),which stated that leverage did not significantly affect bond ratings. This phenomenon is different from research Wijaya (2019), Ng and Arif (2019), Chabowski et al (2019), Sajjad and Zakaria (2018), Hiqmahtunnisah et al (2018), Winanti et al (2017), Sun and Zhang (2017), Bakhtiari (2017), Partha and Yasa (2016), Khatami et al (2016), and Ayres (2016), which stated that leverage had a significant effect on bond ratings.…”

Section: Introductionsupporting

confidence: 89%

“…However, lower-rated publishers have higher market ratios (Livingston et al, 2018). This is in line with research Wijaya (2019), Chabowski et al (2019), Syawal and Fachrizal (2016), Rosa andMusdholifah (2016), andFracassi et al (2016), which states that market value affects bond ratings. Based on theoretical studies and pertinent research, this study's hypotheses are: H3: Market value affects bond ratings.…”

Section: Activity Ratio and Bond Ratingsupporting

confidence: 83%

Pengaruh Leverage, Rasio Aktivitas, dan Nilai Pasar terhadap Peringkat Obligasi

Pangestuti

Marlina²,

Hidayati³

2022

JMO

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This research is a quantitative investigation of the impact of leverage, activity ratio, and market value on PEFINDO's bond ratings for the years 2018 to 2021. This study's sample employed the strategy of purposive sampling to acquire as many as 25 financial institutions. Using a significance threshold of 0.05, Eviews version 12.0 was used to test hypotheses using regression analysis of panel data. The results of testing variable activity ratios with the Total Assets Turnover (TAT) proxy and market value with the Market to Book Value (MBV) proxy indicated a significant negative influence on the bond ratings of financial companies, whereas leverage with a Debt to Assets Ratio (DAR) proxy indicates no significant influence. The advice that may be offered to a firm, specifically the results of this study, can be utilized as material for projecting bond ratings in order to make proper judgments regarding bond issuance and is anticipated to be material for company evaluation and performance improvement. And the results of this study can help investors predict bond ratings by giving them information and insights. This lets them make investment decisions and choose the type of company to invest in to make the most money and reduce risk.

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“…Transaksi yang lebih kompleks tersebut mengharuskan perusahaan melaporkan informasi laporan keuangan yang lebih banyak dibandingan dengan perusahaan yang berukuran kecil. Ukuran perusaaan memungkinkan investor dapat mengetahui kemampuan perusahaan untuk membayar bunga obligasi secara berkala dan membayar pokok yang dapat meningkatkan peringkat obligasi (Rosa & Musdholifah, 2016).…”

Section: Pendahuluanunclassified

Pengaruh Ukuran Perusahaan terhadap Restatement Laporan Keuangan dengan Corporate Governance sebagai Variabel Moderasi

Wardani

Oba

2022

reslaj

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The purpose of this study is the influence of corporate finance on the restatement of reports with corporate governance as a moderating variable. This study uses the population of manufacturing companies in 2016-2020 which are listed on the IDX. Sampling is based on the non-probability sampling method with a targeted sampling technique. This research uses logistic regression analysis technique. The results of this study found that firm size had no effect on restatement of financial statements and corporate governance could not weaken the positive effect of firm size on restatement of financial statements.

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The Effect of Leverage, Liquidity, Profitability, Coverage, Growth, and Firm Size With Auditor’s Reputation As A Moderating To Bond Rating of Banking Firm

Cited by 4 publications

References 3 publications

What the Factors Differentiates Bond Ratings?

What the Factors Differentiates Bond Ratings?

Pengaruh Leverage, Rasio Aktivitas, dan Nilai Pasar terhadap Peringkat Obligasi

Pengaruh Ukuran Perusahaan terhadap Restatement Laporan Keuangan dengan Corporate Governance sebagai Variabel Moderasi

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