Pengaruh Peringkat Obligasi, Maturity, Likuiditas, Profitabilitas terhadap Yield to Maturity Obligasi dengan Ukuran Perusahaan sebagai Variabel Moderating

Abstract

This research aims to examine the effect of bond rating, maturity, liquidity, profitability on bond yield to maturity with company size as a moderating variable in State-Owned Enterprises (BUMN) companies listed on the Indonesia Stock Exchange with an observation period of 2018-2022. The sampling method was purposive sampling so that the total sample was 12 companies with a documentary data collection method. Using MRA (Moderating Regression Analysis) analysis, the results of this research show that partially bond ratings have a significant positive effect on bond yield to maturity, Maturity has a significant positive effect on bond yield to maturity, Liquidity has a significant positive effect on bond yield to maturity, Profitability has a negative effect on bond yield to maturity, company size is able to significantly moderate the influence of bond ratings on bond yield to maturity, company size is able to significantly moderate the influence of maturity on bond yield to maturity, company size is not able to moderate the influence of liquidity on bond yield to maturity and company size is capable of being significant moderates the influence of profitability on bond yield to maturity.