PENGARUH RASIO KEUANGAN TERHADAP PERINGKAT OBLIGASI PADA PERUSAHAAN NON KEUANGAN DI BEI TAHUN 2013-2016

PENGARUH RASIO KEUANGAN TERHADAP PERINGKAT OBLIGASI PADA PERUSAHAAN NON KEUANGAN DI BEI TAHUN 2013-2016

Journal

  • Journal title: Jurnal Ekobis Dewantara
  • ISSN: 2655-9803, 2656-4149 (print)
  • Publisher: Fakultas Ekonomi (FE) Universitas Sarjanawiyata Tamansiswa
  • Country of publisher: indonesia
  • Date added to EuroPub: 2019/Nov/23

Subject and more

  • LCC Subject Category: Management, Business, Finance
  • Publisher's keywords: current ratio, debt to equity ratio, return on asset, bond rating
  • Language of fulltext: indonesian
  • Full-text formats available: PDF
  • Time From Submission to Publication:

AUTHORS

    Ninda Novita

FULL TEXT

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ABSTRACT

This study aims to examine the effect of financial ratios on bond ratings. The financial ratios used include: 1) the influence of current ratio on the rating of bonds 2) the effect of debt to equity ratio on the rating of bonds 3) the effect of return on assets on the rating of bonds on non-financial companies listed on the Stock Exchange 2013-2016. From the result of purposive sampling then got 14 company.This research is classified as quantitative research. The population is a non-financial company listed on BEI and Pefindo in 2013-2016 totaling 62 companies. Data collection method used documentation method, while data analysis technique using multiple linear regression analysis supported by F (F-test) and T (T-test) test and classical assumption test consist of multicolinearity test, normality test, heteroscedasticity test, and autocorrelation test.The results showed that multiple linear regression equations for three variables are Y '= 2,810 -0,053X1 -0,199X2 + 0,082 X3, meaning current ratio (X1), Debt to Equity ratio (X2), and Return on Asset (X3) against bond ratings. The magnitude of influence seen from the value of coefficient of determination (R2), the value of coefficient of determination (R2) through regression analysis of 0.533. The result of coefficient of determination shows that current ratio, Debt to Equity ratio, Return on Asset give effect of 53,3% and the rest equal to 47,7% influenced by other factor.

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