The Determinants of Sukuk Issuance on Indonesian Public Companies from 2007–2016
- 10.2991/aebmr.k.200415.027How to use a DOI?
- Sukuk, bond, trade-off theory
The purpose of this research is to understand the motivations of Indonesian public companies in issuing Sukuk and conventional bond. Indonesia are chosen because researches that determine the issuance of Sukuk is still scant whilst the growth of Sukuk is rapid. The samples are 57 public companies that issue 97 conventional bond and 22 Sukuk from 2007 – 2016. By using logistic regression, the result proposes that there are differences between the determinant of Sukuk and bond issuers. Firms with higher leverage ratio are more inclined to issue Sukuk than bond. Thus, this result complies with trade-off theory.
- © 2020, the Authors. Published by Atlantis Press.
- Open Access
- This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).
Cite this article
TY - CONF AU - Aisyah Vanadia Rubianto AU - Shu-Ching Chou PY - 2020 DA - 2020/04/17 TI - The Determinants of Sukuk Issuance on Indonesian Public Companies from 2007–2016 BT - Proceedings of the 1st Annual Management, Business and Economic Conference (AMBEC 2019) PB - Atlantis Press SP - 138 EP - 141 SN - 2352-5428 UR - https://doi.org/10.2991/aebmr.k.200415.027 DO - 10.2991/aebmr.k.200415.027 ID - Rubianto2020 ER -