_.gif)
_.gif)
Determinants of Pertamina Global Bond Yield
Abstract
This paper aims to recognize the determinant factors that influence the yield of PERTAMINA’s bond. The data used was 10 years of time-series from the year 2011 which was the first time PERTAMINA issued bond, until 2021. The result is the crude oil price, foreign exchange, and the yield of US Treasury bill has strong influence the yield of PERTAMINA both simultaneously and partially.
Keywords
Full Text:
PDFReferences
Bell, Emma, Alan Bryman, dan Bill Harley. (2019). Business Research Methods, Fifth Edition. USA: Oxford University Press.
Cooper, Donald R. dan Pamela S. Schindler. (2014). Business Research Methods, Twelfth Edition. USA: McGraw-Hill Irwin.
Damodaran, Aswath. (2015). Applied Corporate Finance Fourth Edition. USA: Wiley.
Garbade, Kenneth D. (2021). After the Accord A History of Federal Reserve Open Market Operations, the US Government Securities Market, and Treasury Debt Management from 1951 to 1979. New York: Cambridge University Press.
Heck, Stephanie. (2022). Corporate Bond Yields and Returns: A Survey. Financial Markets and Portfolio Management Vol 36, p179-201.
Huia, Cho-Hoi, Chi-Fai Lob, and Po-Hon Chau. (2018). Exchange Rate Dynamics and US Dollar-Denominated Sovereign Bond Prices in Emerging Markets. North American Journal of Economics and Finance Vol 44, p109-128.
Kim, Kyunghoon. (2018). Matchmaking: Establishment of State-Owned Holding Companies in Indonesia. Asia & Pacific Policy Studies. Vol 5, 313-330.
Kilas Kinerja BUMN Kuartal 3 – 2021. https://bumn.go.id/storage/papers/7jnlY3N0L1Ka9WYh0DWgnAAsZox66Xi6qbgnnY1B.pdf. Diakses tanggal 5 Juni 2022.
McNally, Robert. (2017). Crude Volatility The History And The Future of Boom-Bust Oil Prices. New York: Columbia University Press.
Nugraha, Nunu, Kamio, dan Diah Setyorini Gunawan. (2021). Faktor-Faktor Penyebab Utang Luar Negeri dan Dampaknya Terhadap Pertumbuhan Ekonomi. Jurnal Ilmiah Universitas Batanghari Jambi Vol 21(1), p21-26.
Österholm, Pär. (2018). The Relation Between Treasury Yields and Corporate Bond Yield Spreads in Australia: Evidence from VARs. Finance Research Letters Vol 24, p186-192.
Pertamina Annual Report 2021. https://pertamina.com///Media/File/Pertamina%20Annual%20Report%202021.pdf. Diakses tanggal 5 Juni 2022.
Rosnawintang, Muh. Syarifb, Aini Indrijawatic, Pasrun Adamd, and La Ode Saidi. (2021). The Causal Relationship between Exchange Rates and Bond Yield in Indonesia. Iranian Economic Review 25(1), p167-178.
Ross, Stephen A., Randolph W. Westerfield, dan Bradford D. Jordan. (2013). Corporate Finance 11E. New York: McGraw-Hill Education.
Saenong, Zainuddin, Abd Azis Muthalib, Pasrun Adam, Wali Aya Rumbia, Heppi Millia, and La Ode Saidi. (2020). Symmetric and Asymmetric Effect of Crude Oil Prices and Exchange Rate on Bond Yields in Indonesia. International Journal of Energy Economics and Policy Vol 10(2), p95-100.
Siaran Pers Pertamina. (2022). https://www.pertamina.com/id/news-room/news-release/naik-64-peringkat-pertamina-satu-satunya-perusahaan-indonesia-di-fortune-global-500. Diakses tanggal 12 Agustus 2022.
Bank Indonesia. (2022). Statistika Utang Luar Negeri Indonesia Vol XV Maret 2022.
Suyono. (2015). Analisis Regresi untuk Penelitian. Yogyakarta: Deepublish.
Tawatnuntachai, Oranee dan Devrim Yaman. (2007). Why Do Firms Issue Global Bonds?. Managerial Finance Vol 34 (1), p23-40.
Weygandt, Jerry J., Paul D. Kimmel, and Donald E. Kieso. (2015). Accounting Principles Twelfth Edition. USA: Wiley.
Zikmund, William G., Barry J. Babin, Jon C. Carr, dan Mitch Griffin. (2013). Business Research Methods, Ninth Edition. USA: Cengage Learning.
DOI: https://doi.org/10.33258/birci.v5i3.6775
Article Metrics
Abstract view : 44 timesPDF - 5 times
Refbacks
- There are currently no refbacks.
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.