Proceedings of the 8th Global Conference on Business, Management, and Entrepreneurship (GCBME 2023)

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Determinants of Bonds Rating: Case Study of Indonesian Banking Listed on The Indonesia Stock Exchange

Authors
Muhammad Bayu Aji Sumantri1, *, Nugraha Nugraha1, Maya Sari1, Ikaputera Waspada1
1Universitas Pendidikan Indonesia, Bandung, Indonesia
*Corresponding author. Email: muhammad.bayu@upi.edu
Corresponding Author
Muhammad Bayu Aji Sumantri
Available Online 26 June 2024.
DOI
10.2991/978-94-6463-443-3_34How to use a DOI?
Keywords
bonds rating; dividend policy; good corporate governance
Abstract

This research aims to study the influence of profitability, solvency, and Good Corporate Governance mechanisms on bond ratings in Indonesia. The population used in this research consists of companies listed on the Indonesia Stock Exchange during the period of 2018-2022, and the sampling method employed is purposive sampling. A sample of 21 companies in the banking sector, which have been listed on the Indonesia Stock Exchange for more than 10 years, was obtained. The data analysis technique used is multiple regression analysis. The research findings reveal that good corporate governance, represented by institutional ownership, profitability represented by Return on Equity, and solvency represented by Debt to Equity Ratio, have a positive influence on bond ratings. However, liquidity represented by the Current Ratio does not have a significant effect on bond ratings.

Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 8th Global Conference on Business, Management, and Entrepreneurship (GCBME 2023)
Series
Advances in Economics, Business and Management Research
Publication Date
26 June 2024
ISBN
978-94-6463-443-3
ISSN
2352-5428
DOI
10.2991/978-94-6463-443-3_34How to use a DOI?
Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Muhammad Bayu Aji Sumantri
AU  - Nugraha Nugraha
AU  - Maya Sari
AU  - Ikaputera Waspada
PY  - 2024
DA  - 2024/06/26
TI  - Determinants of Bonds Rating: Case Study of Indonesian Banking Listed on The Indonesia Stock Exchange
BT  - Proceedings of the 8th Global Conference on Business, Management, and Entrepreneurship (GCBME 2023)
PB  - Atlantis Press
SP  - 244
EP  - 250
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-443-3_34
DO  - 10.2991/978-94-6463-443-3_34
ID  - Sumantri2024
ER  -