PENGARUH CORPORATE GOVERNANCE TERHADAP PERINGKAT OBLIGASI DAN YIELD OBLIGASI

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.