The Influence of Good Corporate Governance on Sukuk Rating

Astuti, Retno Puji

doi:10.22441/jiess.2020.v1i1.005

Cited by 2 publications

(3 citation statements)

References 12 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Additionally, the imprecise relationship between FDQ and earnings management is shown by Hassan and Marston (2019), who assert that if the FDQ is low, the tendency to make earnings management adjustments is higher. In addition, the relationship between the ABR variable and earnings management is indistinct, as found in research by (Yuwono and Aurelia 2021), Astuti (2020), Ningrum et al (2019), and Ulfa (2019). They concluded that financial leverage as an indicator of ABRs had an effect on earnings management.…”

Section: Introductionmentioning

confidence: 87%

“…Furthermore, there are two types of Sukuk issued in Indonesia, namely those issued by the government called state Sukuk or SBSN (State Sharia Bonds) and those issued by companies called corporate Sukuk. According to Astuti (2020), a study on GCG, which consisted of default risk, accountability, disclosure, and transparency, is considered crucial (Pranoto et al 2017).…”

Section: Introductionmentioning

confidence: 99%

See 1 more Smart Citation

The Determinant of Sukuk Rating: Agency Theory and Asymmetry Theory Perspectives

Santoso

Widodo

Akbar³

et al. 2022

Risks

View full text Add to dashboard Cite

This research aims to develop a determinant variable of the Sukuk rating derived from agency and asymmetry theories. This research is essential because Sukuk or Islamic Bonds is needed in Indonesia, with 85% of its population out of 320 million people being Muslim. Many studies on the determinants of Sukuk ratings have been conducted and are still trending research. However, they are rarely observed from the perspective of agency and asymmetry theories, which are the basis for the relationship between principals and investors. The relationship produces three primary variables in the Sukuk rating determinants, namely financial disclosure quality (FDQ), accounting-based risks (ABRs), and earnings management (EM). This research used 570 panel annual reports from 2018 to 2020 and involved 190 firm-issued Sukuk. Meanwhile, the variables’ reflection used several indicators. SEM (structural equation modeling) was used for the statistical analysis with the help of PLS—primarily smart PLS version. The results exposed that FDQ, ABRs, and EM derived from the two theories are affected significantly by the determinant of the Sukuk rating. In comparison, earnings management successfully moderates the FDQ and Sukuk rating variables but fails to moderate the ABRs to the Sukuk rating. The conclusion also revealed that these relationship theories are fundamental in developing the Sukuk rating. However, the variables should be more complex for future research. With significant results, the agency and asymmetry theories proxied by three variables can explain the Sukuk rating. Accordingly, these theories are relevant as approaches in determining important factors of the Sukuk rating.

show abstract

Section: Introductionmentioning

confidence: 87%

Section: Introductionmentioning

confidence: 99%

The Determinant of Sukuk Rating: Agency Theory and Asymmetry Theory Perspectives

Santoso

Widodo

Akbar³

et al. 2022

Risks

View full text Add to dashboard Cite

show abstract

“…According to Astuti (2020), Revenue Sharing Fund is a fund sourced from the State Budget Revenues that are allocated to regions with a certain percentage rate, to fund regional needs in the context of implementing decentralization. Revenue Sharing Fund includes tax results and natural resource results.…”

Section: Revenue Sharing Fundmentioning

confidence: 99%

The effect of transfer funds to regions and village funds on human development index in districts of west java province in 2015-2018

Yusuf

Afendi

2020

JIAFR

View full text Add to dashboard Cite

Purpose - This research aims to analyze the influence of the Revenue Sharing Fund, General Allocation Fund, Special Allocation Fund, and Village Fund on the level of Human Development Index in 18 Districts in West Java Province in 2015-2018.Method - The data used in this study were secondary. The Revenue Sharing Fund, General Allocation Fund, Special Allocation Fund, and Village Fund are obtained from the Central Government Financial Report from the Ministry of Finance. Meanwhile, the human development index data were obtained from the Central Bureau of Statistics (BPS). The data were analyzed using multiple linear regressions. Result - The results showed that the revenue sharing fund had a positive and significant effect on the Human Development Index, the general allocation fund had a negative and significant effect on the human development index, the special allocation fund had a positive but insignificant effect on the human development index, while the village fund had a negative and insignificant effect on the human development index.Implication - This study provides information that in the implementation of effective transfers of funds in the process of receiving or transferring funds from provinces to regions, certainty and clarity regarding expenditure burdens or authority is needed which is a prerequisite for the successful implementation of fiscal decentralization policies through fund transfers so that an increase in the human development index can be achieved.Originality - By using secondary data from a sample of districts and cities in West Java, this study illustrates how the influence of Transfer Funds to Regions and Village Funds in increasing the Human Development Index.

show abstract

The Influence of Good Corporate Governance on Sukuk Rating

Cited by 2 publications

References 12 publications

The Determinant of Sukuk Rating: Agency Theory and Asymmetry Theory Perspectives

The Determinant of Sukuk Rating: Agency Theory and Asymmetry Theory Perspectives

The effect of transfer funds to regions and village funds on human development index in districts of west java province in 2015-2018

Contact Info

Product

Resources

About