Dewan Komisaris dan Biaya Utang
This study examine the effect of board stock ownership, board size, frequency of board meeting, and the independence of the board against the cost of debt (bonds). The population in this study is a bond that has a yield to maturity (t + 1) number in the period 2012-2016. The sample method used is pu...
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Universitas Kanjuruhan Malang
2018-08-01
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doaj-8c3156d5422d4735a2bf93c824b10a8d2020-11-25T03:22:10ZindUniversitas Kanjuruhan MalangJurnal Ekonomi Modernisasi0216-373X2502-40782018-08-011428810010.21067/jem.v14i2.25112511Dewan Komisaris dan Biaya UtangCitra Sarasmitha0Bambang Subroto1Aulia Fuad Rahman2Magister Akuntansi, Fakultas Ekonomi dan Bisnis, Universitas Brawijaya, IndonesiaMagister Akuntansi, Fakultas Ekonomi dan Bisnis, Universitas Brawijaya, IndonesiaMagister Akuntansi, Fakultas Ekonomi dan Bisnis, Universitas Brawijaya, IndonesiaThis study examine the effect of board stock ownership, board size, frequency of board meeting, and the independence of the board against the cost of debt (bonds). The population in this study is a bond that has a yield to maturity (t + 1) number in the period 2012-2016. The sample method used is purposive sampling. Methods of data analysis using multiple regression. The results of this research indicate that board stock ownership, board size, the frequency of meetings of the board, and the independence of the board does not affect the cost of debt (bond). The results of the first and second sensitivity test show that board stock ownership, board size, the frequency of meetings of the board, and the independence of the board do not affect the bond rating. The research finding show that the board of commissioners has not been able to contribute to the reduction in bond debt costs. The results of this study are in line with the phenomenon in Indonesia that there are only 4 public companies that entered the ASEAN 50 TOP award of the Asean Corporate Gorvenance Scorecard in 2017. These conditions illustrate that corporate governance in Indonesia is still weak.The results of this study are not able to support agency theory and theory of the firm. The results of this study can be used by OJK to improve the standards of the board.http://ejournal.unikama.ac.id/index.php/JEKO/article/view/2511cost of debt; bond; yield to maturity; board of commissioner; bond rating |
collection |
DOAJ |
language |
Indonesian |
format |
Article |
sources |
DOAJ |
author |
Citra Sarasmitha Bambang Subroto Aulia Fuad Rahman |
spellingShingle |
Citra Sarasmitha Bambang Subroto Aulia Fuad Rahman Dewan Komisaris dan Biaya Utang Jurnal Ekonomi Modernisasi cost of debt; bond; yield to maturity; board of commissioner; bond rating |
author_facet |
Citra Sarasmitha Bambang Subroto Aulia Fuad Rahman |
author_sort |
Citra Sarasmitha |
title |
Dewan Komisaris dan Biaya Utang |
title_short |
Dewan Komisaris dan Biaya Utang |
title_full |
Dewan Komisaris dan Biaya Utang |
title_fullStr |
Dewan Komisaris dan Biaya Utang |
title_full_unstemmed |
Dewan Komisaris dan Biaya Utang |
title_sort |
dewan komisaris dan biaya utang |
publisher |
Universitas Kanjuruhan Malang |
series |
Jurnal Ekonomi Modernisasi |
issn |
0216-373X 2502-4078 |
publishDate |
2018-08-01 |
description |
This study examine the effect of board stock ownership, board size, frequency of board meeting, and the independence of the board against the cost of debt (bonds). The population in this study is a bond that has a yield to maturity (t + 1) number in the period 2012-2016. The sample method used is purposive sampling. Methods of data analysis using multiple regression. The results of this research indicate that board stock ownership, board size, the frequency of meetings of the board, and the independence of the board does not affect the cost of debt (bond). The results of the first and second sensitivity test show that board stock ownership, board size, the frequency of meetings of the board, and the independence of the board do not affect the bond rating. The research finding show that the board of commissioners has not been able to contribute to the reduction in bond debt costs. The results of this study are in line with the phenomenon in Indonesia that there are only 4 public companies that entered the ASEAN 50 TOP award of the Asean Corporate Gorvenance Scorecard in 2017. These conditions illustrate that corporate governance in Indonesia is still weak.The results of this study are not able to support agency theory and theory of the firm. The results of this study can be used by OJK to improve the standards of the board. |
topic |
cost of debt; bond; yield to maturity; board of commissioner; bond rating |
url |
http://ejournal.unikama.ac.id/index.php/JEKO/article/view/2511 |
work_keys_str_mv |
AT citrasarasmitha dewankomisarisdanbiayautang AT bambangsubroto dewankomisarisdanbiayautang AT auliafuadrahman dewankomisarisdanbiayautang |
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