The Effect of Good Corporate Governance Practices and Bond Rating on Bond Yield to Maturity

Isnurhadi, Isnurhadi and Yanti, Dwi (2011) The Effect of Good Corporate Governance Practices and Bond Rating on Bond Yield to Maturity. Bengkulu University, Bengkulu. ISBN 978-979-9431-68-4

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Abstract

The objective of this study is to analyze the effect of good corporate governance practices and bond Ratings on bond?s yield to maturity at Indonesian Stock Exchange (BEI ). The are 88 companies that issue bonds and listed BEI taken as a sample. The data are analyzed using fixed effect model of General Least Square ( GLS). The findings show that simultaneously all the variables of the good corporate governance components comprising of institutional ownership, managerial ownership, board composition, board size, audit committee, auditor quality and bonds rating influence bonds? yield to maturity. Partially, composition of an independent boards, audit comittee and auditor quality do not significantly influence the bond yield. Whereas, institutional ownership, managerial ownership, board size and bond ratings significantly influence bond yield.

Item Type: Book
Uncontrolled Keywords: Good Corporate Governance Practice, Bond Rating, Bond Yield
Subjects: H Social Sciences > HG Finance > HG1-9999 Finance
Divisions: 01-Faculty of Economics > 61201-Management (S1)
Depositing User: Isnurhadi, SE, MBA, Ph.D
Date Deposited: 27 Nov 2019 07:13
Last Modified: 27 Nov 2019 07:13
URI: http://repository.unsri.ac.id/id/eprint/18740

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