Analisis Faktor-Faktor yang Mempengaruhi Peringkat Obligasi Syariah: Studi Empiris Pada Pasar Obligasi Syariah di Indonesia

Abstract

This study aims to examine the factors that affect the ranking of Islamic bonds in the bond market in Indonesia. Specifically, this study will examine the influence of risk factors such as firm size, leverage, profitability, coverage, firm age and bank debt, 2) risk factors, namely maturity bond, bond size, and duration; 3 ) non- financial risk factors, that the auditor quality toward Indonesian Islamic bond ratings. The population in this study are all companies that issue bonds in the period 2006-2010. Sampling was conducted with a purposive sampling approach and produce 48 samples observasian. The analysis was performed with multiple regression models . The analysis showed that the factors affecting the Islamic bond ranking is firm size. This means that size firm is a factor considered in the rank of Islamic bonds.