Open AccessFAKTOR-FAKTOR KEUANGAN YANG MEMPENGARUHI RATING SUKUK DENGAN MENGGUNAKAN MODEL REGRESI MULTINOMIAL LOGISTIK
Author(s) -
Devi Saputri,
Noven Suprayogi
Publication year - 2019
Publication title -
jurnal ekonomi syariah teori dan terapan
Language(s) - English
Resource type - Journals
eISSN - 2502-1508
pISSN - 2407-1935
DOI - 10.20473/vol5iss20186pp436-450
Subject(s) - econometrics , return on assets , sukuk , stock exchange , multinomial logistic regression , current ratio , business , mathematics , statistics , finance , islamic finance , islam , philosophy , theology
This research aims to explain the influence of financial performance towards therate of sukuk listed in Indonesia Stock Exchange in the period of 2013 to 2015. Independent variables used is the ratio of return on assets, current ratio and growth as a proxy for financial performance, and the dependent variable used is sukuk rating. The analytical method used in this study is Multinomial Logistic Regression.The results of this study showed that simultaneous financial performance significantly affect the rating sukuk, and individually there are two models produced.In the first model, the ROA and CR have positive influenceon the idA rating compared to the idAAA rating. In the second model, the ROA and CR also have positive influence on the idAA rating compared to the idAAA rating.