Does Institutional Ownership Moderate The Effect of Capital Structure on Bond Performance?
S.Sulastri; Mayasari; Intan Barokah
Universitas Pendidikan Indonesia
Abstract
The purpose of this research is to obtain empirical evidence about the effect of capital structure on bond performance which is moderated by institutional ownership. The sample from this research uses purposive sampling which consists of companies in the infrastructure, utilities & transportation sectors that are listed on the Indonesia Stock Exchange (IDX). This study uses MRA (Moderated Regression Analysis). Based on the results of the research concluded that the capital structure using leverage ratio as measured by the debt equity to ratio (DER) affects the performance of bonds. Meanwhile, institutional ownership strengthens the relationship of the effect of capital structure on the performance of bonds
Keywords: Capital Structure, Bond PErformance, Institutional Ownership
Topic: Financial Management and Accounting