CORPORATE BOND PRICE PHENOMENON ON THE INDONESIA STOCK EXCHANGE IN 2016-2018
DOI:
https://doi.org/10.22219/mb.v11i1.14892Keywords:
Interest Rates, Bond Coupons, Bond Age and Bond RatingsAbstract
This research was conducted at the companies which issuing corporate bonds in the Indonesia Stock Exchange in periode of 2016-2018. Total sample used are 64 corporate obligation, with purposive sampling method. This research used quantitave data. The analysis technique data used in this research is multiple linear regressions. Based on the results of the analysis found that interest rates have a significant positive effect on changes in bond prices. Bond coupons have a significant positive effect on bond prices. The age of the bonds does not have a significant effect on changes in bond prices. Bond ratings do not have a significant effect on changes in bond prices.
Downloads
References
Bodie, Z., Kane, A., and Marcus, A. J. (2014). Manajemen Portofolio dan Investasi. Salemba Empat.
Brigham, F, E., and Houston. (2011). Dasar-dasar Manajemen Keuangan Terjemahan. Edisi 10. Jakarta: Selemba Empat.
Harjito, Agus. , and Martono. (2010). Manajemen Keuangan. Ekonisia.
Indriyanti, Teti. (2018). Pengaruh Likuiditas, Jangka Waktu Jatuh Tempo Dan Kupon Obligasi Terhadap Perubahan Harga Obligasi Korporasi Dengan Rating Sebagai Variabel Moderating Pada Bursa Efek Indonesia. JOMFEKON, 1-14
Kadir, Syamsir. (2007). Pengaruh Faktor Struktural Dan Fundamental Ekonomi Terhadap Harga Obligasi Korporasi Di Pasar Modal Indonesia, Disertasi, Program Doktor Ilmu Ekonomi, UNPAD.
Purnomo, Endri and Puspitasari, Novi. (2017). Pengaruh Likuiditas, Kupon, Jangka Waktu Jatuh Tempo Dan Suku Bunga Pasar Terhadap Harga Pasar Obligasi Berperingkat Rendah Dan Harga Pasar Obligasi Berperingkat Tinggi. Relasi : Jurnal Ekonomi, 35-49
Sari, Ni Komang Dyah P and Luh Komang Sudjarni. (2016). Pengaruh Likuiditas, Waktu Jatuh Tempo Dan Kupon Obligasi Terhadap Perubahan Harga Obligasi Korporasi Berperingkat. E-Jurnal Manajemen Unud, Vol. 5, No.4, 2016:2283-2310
Sendana, Ida Bagus Pandji and Subagja, I Ketut. (2015). Analisis Pengaruh Likuiditas, Waktu Jatuh Tempo Dan Kupon Obligasi Terhadap Perubahan Harga Obligasi Korporasi Di Bursa Efek Indonesia. Jurnal Manajemen Unud, No Vol.4 No. 5, 1451-1465
Siahaan, Edward.S. (2007). Analisis faktor-faktor yang berpengaruh terhadap perubahan harga obligasi (studi pada kelompok perusahaan sektor industri). Tesis Magister Manajemen Pascasarjana Universitas Diponogoro, Semarang
Sumarna, I., and Badjra, I. (2016). Pengaruh rating maturitas tingkat suku bunga dan kupon terhadap perubahan harga obligasi korporasi di bursa efek indonesia. E-Jurnal Manajemen Universitas Udayana, 7724-7751
Sunariyah. (2004). Pengantar Pengetahuan Pasar Modal Edisi Keenam. Yogyakarta: UPP AMP YKPN
Tandelilin, E. (2010). Teori portofolio dan Analisis investasi. Yogyakarta: Kanisius.
Wahyuningsih, Sri. (2013). Analisis faktor-faktor yang mempengaruhi harga obligasi syariah yang terdaftar di bursa efek indonesia. Skripsi Fakultas Syariah Dan Hukum Universitas Islam Negeri Sunan Kalijaga, Yogyakarta
Yudiastra, Putu Pande and Wijaya, I Gusti Ngurah Satria. (2018). Pengaruh tingkat bunga pasar, kupon dan waktu jatuh tempo terhadap harga obligasi peringkat aaa dan bbb di bursa efek indonesia. Jurnal Manajemen Unud , Juima Vol 8. No. 2, September 2018
Downloads
Published
Issue
Section
License
Copyright (c) 2021 Manajemen Bisnis
This work is licensed under a Creative Commons Attribution 4.0 International License.
Authors who publish with this journal agree to the following terms:
- Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution-ShareAlike 4.0 International License that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this journal.
- Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgment of its initial publication in this journal.
- Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See The Effect of Open Access).
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
71.png)
