Abstract
The purpose of this study was to destermine the effect of profitability ratios, liquidity ratios, leverage ratios, and company size toward sukuk ratings in Indonesia during 2014-2017. The independent variables in this study is profitability ratios, liquidity ratios, leverage ratios, and company size, while the dependent variable is sukuk rating. The object of this study is Corporations for the period 2014-2017, this study used 78 samples. The technique sampling method in this study used purposive sampling. The data analysis techniques used in this study is descriptive statistical tests, and logistic regression tests. The results of the analysis show that simultaneously profitability ratios, liquidity ratios, leverage ratios and company size have a significant effect on sukuk ratings. Partially the size of the company has a significant positive effect on the sukuk rating, while the profitability ratio, liquidity ratio, and leverage ratio have no significant positive effect on the sukuk rating.
Highlights
The development of the Islamic capital market is characterized by various indicators including the increasingly widespread sharia capital market players that issue sharia securities in addition to stocks in the Jakarta Islamic Index (JII)
Sharia Capital Market Statistics issued by Otoritas Jasa Keuangan (OJK) in 2015 stated that based on total value and total sukuk emissions and outstanding sukuk show a significant number from year to year where at the beginning of 2010 the total value of sukuk emissions reached 7,815.00 billion later increased in 2015 to 14,483.00 billion
Based on the data in table 4.6 it is known that the results show a decrease in the value of 2logL, which is from block number = 0 of 38,337 to 36,254 on the block number = 1
Summary
The development of the Islamic capital market is characterized by various indicators including the increasingly widespread sharia capital market players that issue sharia securities in addition to stocks in the Jakarta Islamic Index (JII). Sharia Capital Market Statistics issued by Otoritas Jasa Keuangan (OJK) in 2015 stated that based on total value and total sukuk emissions and outstanding sukuk show a significant number from year to year where at the beginning of 2010 the total value of sukuk emissions reached 7,815.00 billion later increased in 2015 to 14,483.00 billion. Even though in several years the outstanding sukuk had experienced a decline, as in 2011 and in 2014, but in the years after the outstanding sukuk conditions continued to increase (https://analisis-perkembangan-sukuk-di-indonesia/)
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