Image of Analisis pengaruh book-tax diferences terhadap peringkat obligasi : studi kasus empiris pada perusahaan go public di Bursa Efek Indonesia

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Analisis pengaruh book-tax diferences terhadap peringkat obligasi : studi kasus empiris pada perusahaan go public di Bursa Efek Indonesia

This research is aimed to analyze the influence of book-tax differences on bond ratings of PEFINDO in Indonesia for six years observation period (2003-2008) using ordinal logit regression method. Variables used to proxy book-tax differences are deferred taxes and tax-to-book ratios. The model of this research is divided into two models. Model I is aimed to analyze the influence of deferred taxes and company characteristics on bond ratings. Model II is aimed to analyze the influence of tax-to-book ratios and company characteristics on bond ratings. Contrary with Crabtree and Maher (2009) who found book-tax differences have a negative and significant influence on bond ratings. This research shows that book-tax differences measured by large positive deferred taxes have a positive and no significant influence whereas large negative book-tax differences have a negative and significant influence on bond ratings in Model II. Then book-tax differences measured by large tax-to-book ratios and small tax-to-book ratios have positive and no significant influences on bond ratings in Model III. Thus, the hypothesis of the research is not empirically supported for each model. Ada tabel

Ketersediaan

Call NumberLocationAvailable
6772PSB lt.2 - Karya Akhir1
Penerbit Depok Departemen Ilmu Akuntansi Fakultas Ekonomi Universitas Indonesia.,
Edisi -
Subjek Stock exchange
Bonds
Tax difference
Book
Defered taxes
Bond ratings
ISBN/ISSN -
Klasifikasi -
Deskripsi Fisik xvi, 133 p. il. ; 30 cm & lamp
Info Detail Spesifik -
Other Version/Related Tidak tersedia versi lain
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