THE INFLUENCE OF PROFITABILITY, LEVERAGE, LIQUIDITY AND ASSET MANAGEMENT ON BOND RATINGS (EMPIRICAL STUDY ON NON-FINANCIAL COMPANIES LISTED IN INDONESIA STOCK EXCHANGE YEAR 2012-2014) | ELECTRONIC THESES AND DISSERTATION

Electronic Theses and Dissertation

Universitas Syiah Kuala

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THE INFLUENCE OF PROFITABILITY, LEVERAGE, LIQUIDITY AND ASSET MANAGEMENT ON BOND RATINGS (EMPIRICAL STUDY ON NON-FINANCIAL COMPANIES LISTED IN INDONESIA STOCK EXCHANGE YEAR 2012-2014)


Pengarang

Jerryanda Pratama Putra - Personal Name;

Dosen Pembimbing



Nomor Pokok Mahasiswa

1101103040004

Fakultas & Prodi

Fakultas / / PDDIKTI :

Subject
-
Kata Kunci
-
Penerbit

Banda Aceh : Universitas Syiah Kuala., 2015

Bahasa

Indonesia

No Classification

-

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The aim of this study is to examine the influence of profitability, leverage, liquidity, and asset management to bond ratings on non-financial companies listed in Indonesia stock exchange based on the information from the annual financial statement, Indonesia capital market directory, and Indonesia bond market directory with observation ranging from 2012 until 2014. The study type used in this study is hypothesis testing.
The type of data used is secondary data. The study employed logistic regression analysis on a targeted population of 25 non-financial companies listed on the Indonesia Stock Exchange. The statistical tools used were SPSS (PASW Statistics) 18.0 version.
The results shows that financial information regarding to the companies’ profitability ratio (net profit margin) has positive influence to bond ratings, while leverage ratio (debt to equity ratio) has negative influence to bond ratings. Then, liquidity ratio (current ratio) has positive influence to bond ratings, while asset management ratio (total asset turnover) has negative influence to bond ratings. Simultaneously, all of the independent variables has influence the bond ratings.

Keywords: Profitability, leverage, liquidity, asset management, bond ratings

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