The Determinants of Sukuk Issuance on Indonesian Public Companies from 2007–2016

DOI

10.2991/aebmr.k.200415.027How to use a DOI?

Keywords

Sukuk, bond, trade-off theory

Abstract

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.

Copyright

© 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/).

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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  -