i
ABSTRAK
PENGARUH TINGKAT SUKU BUNGA, PERINGKAT OBLIGASI,
UKURAN PERUSAHAAN DAN DER TERHADAP YIELD TO MATURITY
OBLIGASI KORPORASI DI BURSA EFEK INDONESIA PERIODE
TAHUN 2011-2014
Hasil pengujian secara serempak (Uji F) dengan metode Common Effects
Model (CEM) menunjukkan bahwa Suku Bunga, Peringkat Obligasi, Ukuran
Perusahaan, dan Debt to Equity Ratio secara serempak berpengaruh positif dan
signifikan terhadap Yield to Maturity pada Perusahaan penerbit obligasi korporasi
di Bursa Efek Indonesia periode 2011-2014. Hasil pengujian secara parsial (Uji t)
dengan metode Common Effects Model (CEM) menunjukkan bahwa Debt to
Equity Ratio berpengaruh negatif singnifikan terhadap Yield to Maturity (YTM)
sedangkan Suku Bunga, Peringkat Obligasi, dan Ukuran Perusahaan (size)
berpengaruh tidak signifikan terhadap Yield to Maturity (YTM) pada perusahaan
penerbit obligasi korporasi di Bursa Efek Indonesia periode 2011-2014.
Kata Kunci : Common Effects Model (CEM), Debt To Equity Ratio (DER), Yield To Maturity (YTM)
ii
ABSTRACT
EFFECT OF INTEREST RATE, BOND RATINGS, SIZE OF THE COMPANY AND DER CORPORATE BOND YIELD TO MATURITY IN INDONESIA
STOCK EXCHANGE PERIOD 2011-2014
The test results simultaneously (Test F) by the method Common Effects Model (CEM) indicates that Interest Rates, Bond Ratings, company size, and Debt to Equity Ratio simultaneously positive and significant impact on the Yield to Maturity on issuers of corporate bonds on the Stock Exchange Indonesia 2011-2014. The results of the partial test (t test) method Common Effects Model (CEM) indicates that the Debt to Equity Ratio negative effect singnifikan to Yield to Maturity (YTM) while Interest Rates, Bond Ratings and Company Size (size) not significant effect on yield to Maturity (YTM) on the company issuing the corporate bonds in Indonesia Stock Exchange 2011-2014 period.
Keywords: Common Effects Model (CEM), Debt To Equity Ratio (DER), Yield To Maturity (YTM)
