Bond is a financial assets investment instrument in capital market that is relatively new when compared to stock. In Indonesia, the research related to bonds, especially yield spread is very limited, thus it encourages author to analyze yield spread behavior based on several predictors such as SBI rate, bonds rating, return on equity (ROE), debt to equity ratio (DER) and macaulay duration. Multiple linear analysis method which is applicated to cross section data in this research shows that bonds rating and macaulay duration have a significant effect to yield spread on corporate bonds in financial sectors, in other words, investors consider bond rating and duration before agreeing bonds indenture. SBI rate, in the opposite, shows no significant effect on yield spread. This result may happen because of time lag in the transmission monetary policy mechanism process. Financial ratio such as return on equity and debt to equity ratio also show no significant effect on yield spread. It is possibly caused by the default risks of those financial ratio have already reflected on bonds rating, so investors do not consider ROE and DER directly.Keywords: Yield Spread, Bonds, Default, Non-Default
| Published by | Universitas Katolik Indonesia Atma Jaya |
| Journal Name | Prosiding Working Papers Series In Management |
| Contact Phone | - |
| Contact Name | - |
| Contact Email | - |
| Location | Kota adm. jakarta selatan, Dki jakarta INDONESIA |
| Website | | http://ojs.atmajaya.ac.id/index.php/WPM| |
| ISSN | ISSN : -, EISSN : -, DOI : -, |
| Core Subject | Science, |
| Meta Subject | Decision Sciences, Operations Research & Management , |
| Meta Desc | |
| Penulis | Giovanni, Anita , Saadah, Siti |
| Publisher Article | Prosiding Working Papers Series In Management |
| Subtitle Article | Prosiding Working Papers Series In Management Vol 10, No 1 (2018): Prosiding Working Papers Series In Management |
| Scholar Google | http://scholar.google.com/scholar?q=%2Bintitle%3A&… |
| View Article | http://ojs.atmajaya.ac.id/inde… |
| DOI | http://download.garuda.ristekdikti.… |
| DOI Number | Full PDF (429.653 KB) |
| Download Article [1] | http://ojs.atmajaya.ac.id/index.php/WPM/… |
| Download Article [2] | http://download.garuda.ristekdikti.go.id… |
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