Pengaruh Kualitas Laba Pada Yields Obligasi dengan Corporate Governance Sebagai Variabel Pemoderasi  

Oleh:

Baridwan, Zaki ; Herwiyanti, Eliada

Jenis: Article from Journal - ilmiah nasional - tidak terakreditasi DIKTI
Dalam koleksi: Jurnal Bisnis dan Akuntansi vol. 10 no. 2 (Aug. 2008), page 59-68.
Topik: Earnings Quality; Bond Yields; Corporate Governance; Institutional Ownership and Outside Director.
Fulltext: 1_her.pdf (245.81KB)

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Perpustakaan Pusat (Semanggi) Nomor Panggil: JJ59.3 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Isi artikel

The objective of this research is to study the effect of earnings quality to bond yields, and whether the effect of earnings quality to bond yields can be moderated by corporate governance. In this paper, earnings quality was proxied by discretionaty accruals. Yield to maturity approximation was used to count the bond yields. The proxies of corporate governance are institutional ownership and outside director. This research is using purposive sampling method to choose the sample. From six years observation period, 153 observation bonds obtained To test the hypothesis, this research using logistic regression. This research indicated that model of logistic regression is fit, although the result for hypothesis examination not sign ificant. The lowest Nagelkerke ‘s R2 value indicated that other variables which not include in this research may have con tribution for the research modeL Result of this research could be happened because of the naive behavior from investor it¬self the characteristic of bond market, less familiarity of corporate governance regulation, or may be from the lack of variable used in the research modeL

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