Pengaruh Debt to Equity Ratio, Maturity, Ukuran Perusahaan, Likuiditas, dan Peringkat Obligasi terhadap Yield to Maturity Obligasi Korporasi yang Terdaftar di Bursa Efek Indonesia Periode 2018-2022

Abstract

This study aims to determine and prove the effect of debt to equity ratio, maturity, company size, liquidity, and bond rating on yield to maturity of corporate bonds listed on the Indonesia Stock Exchange for the period 2018-2022. This study had a population of 149 finance sector corporate bonds from 41 companies. The sample selection technique used in this study was purposive sampling to obtain a sample of 40 bonds from 27 companies. The data analysis technique used in this research is multiple linear regression analysis, classical assumption test, and hypothesis testing. The results showed that debt to equity ratio, company size, liquidity, and bond rating have a negative and significant effect on yield to maturity, while maturity has a positive and significant effect on yield to maturity. Simultaneously, debt to equity ratio, maturity, company size, liquidity and bond rating affect yield to maturity.