ANALISIS PENGARUH RATING, COUPON DAN JANGKA WAKTU JATUH TEMPO OBLIGASI TERHADAP PERUBAHAN HARGA OBLIGASI DI BEI

WASONO, TRI HANDOKO SIGIT (2013) ANALISIS PENGARUH RATING, COUPON DAN JANGKA WAKTU JATUH TEMPO OBLIGASI TERHADAP PERUBAHAN HARGA OBLIGASI DI BEI. Undergraduate thesis, STIE PERBANAS SURABAYA.

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Abstract

Bond is a medium-term debt securities that are transferable long that contains a promise from the issuing party to pay compensation in the form of interest on a particular period and repay the principal debt at a specified time to the bond buyer. Fixed Rate Bonds are bonds that have the interest rates are fixed. This study aimed to determine the effect of rating, coupon and maturity term impact toward bond return. Independent variables tested were (1) rating, (2) coupon, and (3) the maturity of the independent variable is the price of bonds. The sample was manufacturing company listed on the BEI. Sample criteria selected using purposive sampling method. Total of 17 samples were taken over the company in 2008-2011. Hypothesis testing using multiple regression analysis, classical assumption test, t-test and F test. The result is that the variable rate and maturity has a significant positive effect on changes in bond prices (bond returns), while the coupon has a significant positive effect on price changes of bonds (bond returns). Under these conditions, investors are expected to pay more attention to buy bonds rating than the coupon rate, because higher rated bonds tend to affect the rate of return the bond to the investor. While the coupon rate is usually high and the bonds have a low price. Investors are also advised to buy bonds with maturities of short because it will reduce the investment risk. Keywords : Rating, Coupon, Maturity terms and Bond prices

Item Type: Thesis (Undergraduate)
Subjects: 600 - TECHNOLOGY > 657 - ACCOUNTING > 657.042 - FINANCIAL ACCOUNTING
Divisions: Bachelor of Accountancy
Depositing User: Perpustakaan STIE Perbanas Surabaya
Date Deposited: 04 Jul 2017 01:29
Last Modified: 04 Jul 2017 01:29
URI: http://eprints.perbanas.ac.id/id/eprint/1490

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