TSM Logo
   
   
   

> Media Bisnis

   
 

MEDIA BISNIS
Vol. 5, No. 1, 1 September 2013, Hlm. 99-105
ISSN: 2085-3106

THE EFFECT OF CORPORATE GOVERNANCE, FINANCIAL RATIO, FIRM SIZE AND AUDIT QUALITY ON BOND RATING

MUNGNIYATI dan ARYA PRADIPTA

PT Mustika Indah Permai
mung_sese@yahoo.com

STIE Trisakti
arya@stietrisakti.ac.id


PDF File
Published Version
File size: 227 KB

Official URL: http://www.tsm.ac.id/MB/MB.5.2.September.2013/3_MB_Sept13 Mungniyati-Arya.pdf

ABSTRACT:

This purpose of this research is to examine the effects of corporate governance, financial condition, firm size and audit quality on corporate bond ratings in Indonesia. Corporate governance is explored in term of institutional ownership, managerial ownership, independent commissioner, and audit committee. Moreover, several accounting ratios including current asset, return on asset, debt to equity, and interest coverage are used to reflect corporate financial condition. Data are collected from PT Pefindo and Indonesia Stock Exchange during 2005 until 2009. The result shows that institutional ownership, managerial ownership, audit committee, return on asset, debt to equity ratio, firm size and audit quality have a significant influence on bond ratings. This finding suggests that the implementation of good corporate governance, maintaining a sound financial condition, firm size and audit quality are very important for getting better corporate bond ratings in Indonesia..

Keywords: Bond ratings, corporate governance, financial condition, firm size, audit quality.

 
Peta Situs | Peta Kampus | Kontak
Trisakti School of management
Jl. Kyai Tapa No. 20. Grogol - Jakarta Barat 11440
Telp. 021.5666717 [HUMAS Ext. 260 & 290] Fax. 021.5635480
Copyright © 2009 Trisakti School of Management. All rights reserved.
Official Website :: Trisakti School of Management
Developed By: IT Team