The Effect of Corporate Governance and Earnings Information On Bond Ratings and Yields  

Oleh:

Mungniyati

Jenis: Article from Journal - ilmiah nasional - tidak terakreditasi DIKTI
Dalam koleksi: Jurnal Bisnis dan Akuntansi vol. 11 no. 2 (Aug. 2009), page 129-141.
Topik: Institutional Ownership; Independent Commissioner; Audit Committee; Managerial Ownership; Unexpected Earnings; Bond Rating and Bond Yields.
Fulltext: 5_her.pdf (168.46KB)

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: JJ59.4 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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The purpose of this research is to analyze effect of corporate governance and earnings information on bond ratings and yields. The proxies of corporate governance are institutional ownership. While the proxy of earnings information is unexpected earning. Logistic regression is used to examine first hypothesis, and multiple regression is used to examine second hypothesis. Samples are all bonds that issued before January 1^st, 2005 and mature after December 31^st, 2007 which are rated by PEFINDO. The companies that issued bonds besides banking and financial institution should be listed in Indonesia Stock Exchange. The result of this research indicates that corporate governance and earnings information influence bond rating and yields. The existence of independent commissioner has significant influence on bond ratings and yields. The existence of audit committee has significant influence on bond yields.

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