PENGARUH RISIKO LIKUIDITAS PERUSAHAAN TERHADAP YIELD SPREAD OBLIGASI
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Indonesian bond market developments indicate significant movement . This should increase the demand for bonds from investors , however, based on a survey found a decline in the demand for bonds in 2012 . This study uses the yield spread as one of the indicators used to measure the risk of the bonds because the yield spread may reflect the risk of company failure . Therefore, the yield spread is highly considered by investors when investing in a company . This study wants to analyze the effect of liquidity on the yield spread over the period 2008-2010 by using control variables such as leverage , maturity , coupon , issue size , age , maturity and performance of the company . The results showed that the company's liquidity variables and age had no significant effect on the yield spread , while the variable leverage , maturity , coupon , issue size , maturity and performance of the company significantly influence the yield spread.
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