Identification of the Determinant Factors of Company Sukuk Rating in Indonesia: Using Profit Management as an Intervening Variable
- DOI
- 10.2991/ahsr.k.200723.009How to use a DOI?
- Keywords
- sukuk rating, profit management, maturity, firm size, growth, profitability, liquidity, leverage
- Abstract
As the country with the highest Moslem population, sukuk is one of the investment types that is quite a lot of interest in Indonesia. This study aimed to examine the significance, theory, and collecting empirical evidence of the determinant of sukuk rating in Indonesia with profit management as an intervening variable. The sampling technique used a purposive sampling method where the population was all corporate sukuk in Indonesia that has been rated by Pefindo so it was obtained 24 observations and 120 research samples from the period of 2014–2018. The type of study was explanatory research, with data analysis using multiple tests and EViews 8 software, which were used to find out the role of profit management as an intervening variable. The result of this study indicated that the firm size, growth, profitability, liquidity, and leverage variables respectively affected the sukuk rating, while the maturity variable did not affect sukuk rating. Firm size, profitability, and liquidity affected profit management, while maturity, growth, and leverage did not affect profit management. Hypothesis testing using the Sobel test showed that profit management proved unable to mediate the relationship between firm size, profitability, and liquidity with sukuk ratings indirectly.
- 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/).
Cite this article
TY - CONF AU - Nurani Puspa Ningrum AU - Amirul Fatikhin AU - Darsin PY - 2020 DA - 2020/07/24 TI - Identification of the Determinant Factors of Company Sukuk Rating in Indonesia: Using Profit Management as an Intervening Variable BT - Proceedings of the 1st International Conference on Science, Health, Economics, Education and Technology (ICoSHEET 2019) PB - Atlantis Press SP - 40 EP - 43 SN - 2468-5739 UR - https://doi.org/10.2991/ahsr.k.200723.009 DO - 10.2991/ahsr.k.200723.009 ID - Ningrum2020 ER -