Analysis of the Effect of Corporate Governance on Yield to Maturity Through Bond Rating in Indonesian Financial Institution
Sasya Sabrina, Florencia Irena Lawita
Available Online October 2019.
- https://doi.org/10.2991/icoi-19.2019.22How to use a DOI?
- Corporate Governance, Yield to Maturity, Bond Rating
- This research aims to analyze the effect of corporate governance (CG) towards yield to maturity (YTM) with bond rating as the intervening variable. The data of this research are obtained from the official website of IDX, Bank of Indonesia, and Pefindo. This research uses quantitative method by path analysis on the financial institutions that listed on the IDX in 2013-2016. Corporate governance consists of institutional ownership, managerial ownership, audit committee, and board size. The research results indicated that institutional ownership and board size have significant effect on YTM through bond rating, but managerial ownership and audit committee do not, and bond rating itself has significant effect to YTM.
- Open Access
- This is an open access article distributed under the CC BY-NC license.
Cite this article
TY - CONF AU - Sasya Sabrina AU - Florencia Irena Lawita PY - 2019/10 DA - 2019/10 TI - Analysis of the Effect of Corporate Governance on Yield to Maturity Through Bond Rating in Indonesian Financial Institution BT - Proceedings of the 2019 International Conference on Organizational Innovation (ICOI 2019) PB - Atlantis Press SP - 121 EP - 125 SN - 2352-5428 UR - https://doi.org/10.2991/icoi-19.2019.22 DO - https://doi.org/10.2991/icoi-19.2019.22 ID - Sabrina2019/10 ER -