Analysis of the Effect of Corporate Governance on Yield to Maturity Through Bond Rating in Indonesian Financial Institution

DOI

10.2991/icoi-19.2019.22How to use a DOI?

Keywords

Corporate Governance, Yield to Maturity, Bond Rating

Abstract

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.

Copyright

© 2019, 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  - 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  - 10.2991/icoi-19.2019.22
ID  - Sabrina2019/10
ER  -