Pengaruh Rasio Profitabilitas, Likuiditas, Dan Solvabilitas Terhadap Peringkat Obligasi Syariah (Sukuk)
DOI:
https://doi.org/10.31539/costing.v4i2.1706Abstract
This study aims to determine the effect of ratio profitability, liquidity and leverage on sharia bond rating (sukuk). The research method in this study uses a quantitative apporoach. There were 13 companies that were used as populations in this study and by using a purposive sampling technique 4 sampels were also obtained. The statistical methods taken in the study are multiple regression analysis using classic assumption test. Based on the variable T test of profitability, it obtained tcount 2.974 > ttable 2.030 and significant value of 0.004 < 0.05. It means that return on asset positively and partially affected sukuk rating. Liquidity obtained tcount -8.927 < ttable 2.030 and significant value of 0.000 < 0.05. It means that Current Ratio partially affected sukuk rating. Leverage ratio obtained tcount 3.362 > ttable 2.030 and significant value of 0.001 < 0.05. It means that Debt to Equity Ratio partially affected sukuk rating. Furthermore, analysis of F test obtained fcount 26.800 > ftable 2.76 and significant value obtained was 0.000 < 0.05 which means that independent variable simultaneously affected sukuk rating.
Keywords: Profitability, Liquidity, Leverage and Rating Sukuk
References
Azzatillah, P., & Ika, M. (2019). Sukuk Yield : Secure and Maturity through Sukuk Rating. Internasional Journal of Research in Business Studies and Management 6(4): 21–28.
Hassan, M. K., Andrea, P., Dreassi, A., Miani, S., & Sclip, A. (2018). The Determinants of Co-Movement Dynamics between Sukuk and Conventional Bonds. Quarterly Review of Economics and Finance 68: 73–84.
Mardiah, G., Malik, Z.A., & Nurdin. (2016). Pengaruh Likuiditas , Profitabilitas Dan Leverage Terhadap Peringkat Sukuk ( Penelitian terhadap Perusahaan-Perusahaan Yang Menerbitkan Sukuk dan Terdaftar di Bursa Efek Indonesia Selama Periode...
Qizam, I., & Fong, M. (2019). Developing Financial Disclosure Quality in Sukuk and Bond Market: Evidence from Indonesia, Malaysia, and Australia. Borsa Borsa Istanbul Review 19(3):228–48.
Sugiyono. (2017). Metodelogi Penelitian Bisnis. Ketiga. Bandung: Alfabeta
Utami, D. E. (2019). Identifiying Financial and Non Financial Factors as the Determinant of Sukuk in Indonesia.†journal of Economics and Business 4:1–14.
Utami, D. E., & Zulfa, I. (2018). Issuers’ Insight for Identifying Choice of Sukuk Structuring. Jurnal Keuangan dan Perbankan 22(4): 680–93.
Widiastuty, T. (2017). Pengaruh Ukuran Perusahaan, Umur Perusahaan, Leverage dan Umur Sukuk Terhadap Peringkat Sukuk. Jurnal Riset Akuntansi 9: 21–33.
Winanti, E., Titisari, H., & Nurlela, S. (2017). Pengaruh Rasio Likuiditas, Rasio Produktivitas, Rasio Profitabilitas, dan Rasio Solvabilitas terhadap Peringkat Sukuk. Jurnal Akuntansi dan Pajak 18(01): 130-39.