Pengaruh corporate governance dan kualitas audit terhadap peringkat dan yield obligasi
Setyapurnama, Raden Yudi S. (pembimbing: Dr. indra Wijaya Kusuma, MBA), Dr. indra Wijaya Kusuma, MBA
This paper explain the effect of corporate governance and audit quality to bond ratings and yields. The proxy of corporate governance are institution ownership, outside director, audit committee, and managerial ownership. Auditor from big four as proxy of audit quality. Those proxy will be the independent variables.
Logistic regression (logit) is used to examine first hipothesis, and multiple regression is used to examine second hypothesis. Sample are all bonds that issued period 2001-2003, and data are collected from Surabaya Stock Exchange and PT. PEFINDO.
The paper proved that implementation of corporate governance influences bond ratings and yields. The better corporate governance implementation, the higher bond ratings, and yields will be low. The examined for audit quality proved that it will increase bond ratings and decrease bonds yields.
Kata Kunci : Corporate governance, audit quality, bond ratings, and bond yields
