PENGARUH PROFITABILITAS, LIKUIDITAS DAN UMUR OBLIGASI TERHADAP PERINGKAT OBLIGASI PADA PERUSAHAAN SEKTOR KEUANGAN YANG TERDAFTAR DI BURSA EFEK EFEK INDONESIA TAHUN 2017

SAFITRI, AMI (2019) PENGARUH PROFITABILITAS, LIKUIDITAS DAN UMUR OBLIGASI TERHADAP PERINGKAT OBLIGASI PADA PERUSAHAAN SEKTOR KEUANGAN YANG TERDAFTAR DI BURSA EFEK EFEK INDONESIA TAHUN 2017. S1 thesis, Fakultas Ekonomi.

	Text Cover.pdf Download (365kB)
	Text Table_Of_Content.pdf Download (388kB)
	Text Chapter1.pdf Download (363kB)
	Text Chapter2.pdf Restricted to Repository staff only Download (979kB)
	Text Chapter3.pdf Download (691kB)
	Text Chapter4.pdf Restricted to Repository staff only Download (664kB)
	Text Chapter5.pdf Download (204kB)
	Text Bibliography.pdf Download (202kB)

Abstract

AMI SAFITRI. The Effect of Profitability, Liquidity and Maturity Toward Bond Rating on Financial Companies Listed at Indonesia Stock Exchange in 2017. Faculty of Economic, State University of Jakarta 2019. This study aims to determine the effect of profitability ratios, liquidity rato and Maturity Toward Bond Rating on Financial Companies Listed at Indonesia Stock Exchange in 2017 and rated by PT Pemeringkat Efek Indonesia (PEFINDO). This study uses a quantitative approach. Data collection techniques in this study used documentation techniques. The sampling technique used random sampling technique and obtained 35 financial companies that were sampled in this study. The data analysis technique use descriptive statistical analysis techniques and ordinal logistic regression tests. In this study the independent variable is the rating of bonds which is an ordinal scale variable measured by the rating given by PT PEFINDO. While the dependent variable is, Profitability is measured by Return On Assets (ROA), Liquidity is measured by Current Ration (CR) and Maturity is measured by calculating the bonds issued to maturity. From the results of testing the hypotheses obtained the test results of the coefficient of determination of 0.407 means the variability of bond ratings that can be explained by the variable profitability, liquidity and maturity that is equal to 40.7%. From the results of simultaneous hypothesis testing obtained Chi Square values 17.71 with Sig 0,000 <0.05, meaning that together or simultaneously the profitability, liquidity and maturity affect the bond rating. Whereas partially from the hypothesis testing obtained the parameter estimate profitability of 37.439 with Sig 0.038 <0.05, liquidity of 0.273 with sig 0.456> 0.05, and bond age of -0.292 with sig 0.012 <0.05. Thus it can be concluded that the variable Profitability and Maturity have a significant effect on bond ratings, while Liquidity does not have a significant effect on bond rating. Keywords : Profitability, Liquidity, Maturity, Bond Rating, Test Ordinal Logistic Regression

Actions (login required)

View Item