PENGARUH BOND RATING TERHADAP IMBAL HASIL SAHAM DI BURSA EFEK INDONESIA

Authors

  • Gatot Nazir Ahmad Fakultas Ekonomi Unversitas Negeri Jakarta
  • Mohammad Zakaria Fakultas Ekonomi Unversitas Negeri Jakarta

Keywords:

Bond Rating, Stock Return, Liquidity

Abstract

The purpose of this study is to determine the effect of bond rating on stock returns. Sample of this study covers 20 firms listed on Indonesia Stock Exchange. The research period is from 2006 until 2008. Controlling for systematic risk, earning per share and liquidity, the result show that bond rating has insignificant effect on stock returns. This suggests the bond rating announcement has no news to the investor. Further, contrast to the theory, the coefficient of bond rating is positive meaning the higher risk the low return and vice versa.

Keywords : Bond Rating, Stock Return, Liquidity

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Published

2017-04-08

How to Cite

Ahmad, G. N., & Zakaria, M. (2017). PENGARUH BOND RATING TERHADAP IMBAL HASIL SAHAM DI BURSA EFEK INDONESIA. JRMSI - Jurnal Riset Manajemen Sains Indonesia, 2(2), 95–109. Retrieved from https://journal.unj.ac.id/unj/index.php/jrmsi/article/view/763

Issue

Vol. 2 No. 2 (2011): Jurnal Riset Manajemen Sains Indonesia

Section

Articles

License

 Creative Commons License
Articles in Jurnal Riset Manajemen Sains Indonesia are Open Access articles published under the Creative Commons CC BY-NC-SA License.  This license permits use, distribution and reproduction in any medium for non-commercial purposes only, provided the original work and source is properly cited. Any derivative of the original must be distributed under the same license as the original.

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