Analisis Kinerja Obligasi dan Sukuk Ijarah Perusahaan Yang Terdaftar di Bursa Efek Indonesia
Abstract: The objective of
this study is to analyse the performance of Conventional Bonds and Sukuk Ijarah
of the companies that listed in Indonesian Stock Exchange from 2012 until 2015.
The performance of both type of securities were measured with Nominal Yield,
Yield to Maturity, Current Yield and Realized Yield. This study is hypothesis
testing research with. 34 samples that selected based on criteria (purposive
sampling method). The data was unbalanced panel data and obtained from annual
report which obtained from the website of KSEI and Indonesia Stock Exchange.
The hypothesis are tested by using the independent sample t-test method to
compare the performance of the conventional Bonds and Sukuk Ijarah. This study
found that firstly, the performance of Bonds is not significantly different
from the performance of Sukuk Ijarah in term of Nominal Yield. Secondly, there
are no significant performance difference between Bonds and Sukuk Ijarah based
on Yield to Maturity. Fourthly, there are no significant performance difference
between Bonds and Sukuk Ijarah based on Current Yield. Lastly, there are no
significant performance difference between Bonds and Sukuk Ijarah based on
Realized Yield. Thus it can be concluded that there are no significant
performance difference of Bonds and Sukuk Ijarah.
Keywords: Performance; Bonds;
Sukuk Ijarah; Nominal Yield; Current Yield; Yield to Maturity; Realized Yield
Penulis: Rahmawaty, Muhammad
Hafiz Fahrimal
Kode Jurnal: jpakuntansidd131100
