FAKTOR-FAKTOR YANG MEMPENGARUHI PREDIKSI PERINGKAT OBLIGASI DITINJAU DARI FAKTOR AKUNTANSI DAN NON AKUNTANSI

Abstract

Avoidingthe risk for big investment, one of the security that can be been an alternative of investment is bond. The higher the bond rating indicates the bond market is in high demand. Basically, the increasing or decreasing of bond is influenced by financial information factor in each company. This research aims to know some factors that influence the bond rating prediction in listed financial companies at Indonesian Stock Exchange. The variable that was used in this research was size, liquidity, profitability, leverage, productivity, secure, maturity, auditor reputation and bond rating. To undertake the test data used 12 companies in addition to financial institutions in listed at Indonesian Stock Exchange and issue bonds. The data that was used was from 2009-2011. To do the hypothesis testing, it was used quantitative analysis method by using logistic regression model. Based on the result of hypothesis testing that has been done found that profitability significant effect in predicting bond rating on companies other than financial institution at Indonesian Stock Exchange, while the size, liquidity, leverage, productivity, secure, maturity, and the reputation of the auditor found no significant effect in predicting bond ratings on the company in addition to financial.

Keywords : Bond Rating, Size, Liquidity, Profitability, Leverage, Productivity, Secure,  Maturity, and Auditor Reputation.