PENGARUH CORPORATE GOVERNANCE TERHADAP PERINGKAT OBLIGASI DAN YIELD OBLIGASI

Mulan Dari, Ranti and Eddy, Suranta (2012) PENGARUH CORPORATE GOVERNANCE TERHADAP PERINGKAT OBLIGASI DAN YIELD OBLIGASI. Undergraduated thesis, Fakultas Ekonomi UNIB.

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Abstract

Corporate governance mechanisms on bond ratings and bond yields. Mechanisms of corporate governance is institutional ownership, independent commissioners, audit committee, managerial ownership, and quality audits of bond ratings and bond yields. The sample in this study consisted of the bonds issued by companies listed on the Stock Exchange and rated by the PT. PEFINDO during the period 2008- 2010. This study used a model of ordinal logistic regression analysis to examine the effect of corporate governance mechanisms on bond ratings and liniear multiple regression analysis model to examine the effect of corporate governance mechanisms on bond yields. The results of this study indicated that institutional ownership, independent commissioners, and the negative effect on audit quality rating of bonds and bond yields. This study have in proved that the audit committee, and managerial ownership have a significant effect on bond ratings and bond yields.

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