PENGARUH INFLASI TERHADAP YIELD OBLIGASI DAN HARGA OBLIGASI DENGAN BI RATE SEBAGAI VARIABEL INTERVENING (Studi pada Obligasi Korporasi Sub Sektor Financial Institution di BEI pada Kuartal 1 Tahun 2019 – Kuartal 2 Tahun 2020)

SULISTYO, CYNTHIA FAHMIANTI (2022) PENGARUH INFLASI TERHADAP YIELD OBLIGASI DAN HARGA OBLIGASI DENGAN BI RATE SEBAGAI VARIABEL INTERVENING (Studi pada Obligasi Korporasi Sub Sektor Financial Institution di BEI pada Kuartal 1 Tahun 2019 – Kuartal 2 Tahun 2020). Other thesis, UPN 'Veteran" Yogyakarta.

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Abstract

ABSTRACT
The aims of this research is to prove the influence inflation to bond yield and
bond price with BI rate as intervening variable. The data was collected from Bank
Indonesia, Bursa Efek Indonesia, and Indonesian Bond Market Directory within
quartal time series during the period 2019 Q1 to 2020 Q2. The sample were all
corporate bond in sub – sector financial institution with partial least square as
analysis method. Based on purposive sampling criteria was found 17 bonds using 11
issuer samples.
The result from partial test showed that inflation had significant and positive
effect on BI rate. Inflation and BI rate had significant and positive effect on bond
yield. Inflation does not showed any significant, yet showed negative effect to bond
price. Then, BI rate and bond yield had significant and negative effect to bond price.
Inflation had significant and positive effect on bond yield through BI rate. Inflation
had significant and positive effect on bond yield through BI rate. Inflation had
significant and negative effect on bond price through BI rate. Based on the research,
investor should pay more attention on external and internal factor to avoid financial
loss and achieve big profit. While to issuer needs to observe market condition and
government policy to know when the right time to publish the bond.
Keyword: inflation, BI rate, bond yield, bond price, and partial least square.

Item Type: Thesis (Other)
Uncontrolled Keywords: inflation, BI rate, bond yield, bond price, and partial least square.
Subjects: H Social Sciences > HB Economic Theory
Divisions: Faculty of Law, Arts and Social Sciences > School of Social Sciences
Depositing User: Eko Yuli
Date Deposited: 21 Nov 2022 02:53
Last Modified: 16 Jan 2023 06:21
URI: http://eprints.upnyk.ac.id/id/eprint/31660

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