2 ABSTRAK
PENGARUH DEBT TO EQUITY RATIO, RETURN ON ASSET, CURRENT RATIO DAN MATURITASTERHADAP PERINGKAT SUKUK
PADA PERUSAHAAN PENERBIT SUKUK DI BURSA EFEK INDONESIA
Novita Sarika N S Meliala
Mahasiswa Fakultas Ekonomi dan Bisnis Universitas Sumatera Utara
Penelitianinibertujuanuntukmengetahuipengaruhdebt to equity ratio, return on asset, current ratio, danmaturitasterhadapperingkatsukukpadaperusahaanpenerbitsukuk yang terdaftar di Bursa Efek Indonesia danterdaftardalamperingkatsukuk yang dikeluarkanoleh PT. PEFINDO periodetahun2012 hinggatahun 2014. Sampel yang digunakandalampenelitianiniadalah
10perusahaanpenerbitsukuk.Teknikpengambilansampelditentukandenganmetodep opulasisasaran, sedangkanmetodeanalisis yangdigunakanadalahanalisis regresiberganda.
Penelitianini menggunakan skala 5% dan menghasilkanbahwadebt to equity ratiodan return on asset berpengaruh negative terhadapperingkatsukuk, sedangkancurrent
ratiodanmaturitasberpengaruhpositifterhadapperingkatsukuk.Hal
inimenunjukkanbahwadebt to equity ratiodan return on assetdapatberpengaruhburukterhadapperingkatsukukperusahaanpenerbitsukukjikan ilainyasemakintinggi.Sedangkancurrent
ratioberpengaruhpositifterhadapperingkatsukukjikanilai pada
semakintinggidanpadamaturitassemakindekatjatuh tempo makasemakinbagusperingkatsukuknya.Hal
iniberartitinggiataurendahnyavariabel-variabeltersebutberdampakpadabaikdanburuknyaperingkatsukukperusahaankhusus nyaperusahaanpenerbitsukuk di Bursa Efek Indonesia.
HasilpenelitianinidiharapkanbisadijadikanrujukanbagiperusahaanPenerbits ukukdalammeningkatkanperingkatsukukyaitudengancaramemperbaikikinerjaperus ahaandanmeminimalkanpeminjaman modal keluarperusahaan, sedangkanbagi investorbisadijadikansebagaipertimbanganuntukmelakukaninvestasisukuk,
sertabagipenelitiselanjutnyadapatdigunakanuntukmemberikanacuandangambarana walmengenaiperingkatsukuk.
3 ABSTRACT
PENGARUH DEBT TO EQUITY RATIO, RETURN ON ASSET, CURRENT RATIO DAN MATURITASTERHADAP PERINGKAT SUKUK
PADA PERUSAHAAN PENERBIT SUKUK DI BURSA EFEK INDONESIA
Novita Sarika N S Meliala
MahasiswaFakultasEkonomidanBisnisUniversitas Sumatera Utara
This study aims to determine the effect of the debt to equity ratio, return on assets, current ratio, and maturity of sukukin the sukukratings to company issuing the sukuk listed in Indonesia Stock Exchange and registered in the ratings ofsukuk issued by PT. PEFINDO the period 2012 to 2014. In this study the sampel were10 sukuk issuer by company. The sampling technique is determined by the method of the targeting population, whereas the method of analysis used is multiple regression analysis.
This research result that the debt to equity ratio and return on assets negative effect on ratings of sukuk, while the current ratio and the maturity positive effect in rankings of sukuk. This shows that the debt to equity ratio and return on assets can effect the bad of rating sukuk in company issuing the sukuk if the higher value. While the current ratio positive effect in the ratings of sukuk if the value at the higher and at maturity the closer maturity then the better in the rattings of sukuk. This means that a high or low level of these variables on the good and bad ratings company, especially company issuing the sukukin Indonesia Stock Exchange.
The result of the study is expected to be a reference for the companies toincrease of the sukuk ratings that is by improving corporate performance and minimize borrowing of capital outside the company, while for investors can be made as consideration for investing insukuk, and for the next researcher can be used to provide reference and initial description on sukuk ratings.
