Open AccessKEMAMPUAN FAKTOR AKUNTANSI DAN NON AKUNTANSI DALAM MEMPREDIKSI BOND RATING
Author(s) -
Rusfika Rusfika
Publication year - 2017
Publication title -
ekuitas
Language(s) - English
Resource type - Journals
eISSN - 2548-5024
pISSN - 1411-0393
DOI - 10.24034/j25485024.y2017.v1.i1.2049
Subject(s) - bond , bond credit rating , market liquidity , stock exchange , business , pooling , logistic regression , nonprobability sampling , profitability index , accounting , econometrics , economics , actuarial science , statistics , mathematics , finance , credit risk , computer science , population , demography , artificial intelligence , sociology , credit reference
This research is meant to find out the ability of accounting and non-accounting factor in predicting the bond rating to the non-finance companies. The accounting factors consist of i.e.: productivity, profitability, solvability, and liquidity. The non accounting factor consists of bail bond, bond age, and auditor’s reputation. The samples are non-finance companies which are listed in Indonesia Stock Exchange (IDX) during 2010-2013 periods which are rated by PT. Pefindo. The samples of the research have been selected by using purposive sampling method. 48 samples of bonds with 192 pooling of 16 companies have been obtained. Hypothesis test has been done by using logistic regressions analysis to examine the influence of these seven independent variables to the bond rating has been carried out by using the SPSS program. Based on the result of the logistic regressions analysis with its significance level is 5% has proven that: (1) Profitability, solvability, liquidity and bail bond have positive and significant influence to the bond rating, (2) Productivity, bond age and auditor’s reputation have insignificant influence to the bond rating.