THE INFLUENCE OF BOND RATING, MATURITY AND COUPON ON BOND PRICES ON THE INDONESIAN STOCK EXCHANGE

Maya Macia Sari, Noni Ardian, Riyawan Saputra, Anni Wati Tumanggor

Abstract


This research was conducted to find out whether the Bond Rating, Maturity and Coupon influence the bond prices of the Banking Company Sector listed on the Indonesian Stock Exchange for the 2021 period. The population in this study was 50 companies that met the criteria of 27 bond companies listed on the Indonesian Stock Exchange. This research uses quantitative data and is processed with the Eviews 10 application. The data collection technique used is library research and indirect observation, namely by accessing the website.www.idx.co.idand other websites. The analysis technique used is panel data regression. The results obtained from this research are 1) Partially, bond ratings have a positive and significant effect on bond prices. 2) Partially, bond maturity has a positive and significant effect on bond prices. 3) Bond coupons partially have a positive and significant effect on bond prices. 4) Simultaneously, Bond Rating, Maturity and Coupon have a positive and significant effect on bond prices.

Keywords: Rating, Maturity, Bond Coupon, Bond Price, Banking Sector, IDX.


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