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"Tesis ini membahas pengaruh inflasi, harga minyak dan investment grade terhadap harga saham di Indeks BISNIS-27. Investasi pada Pasar Modal terus dirancang agar mampu menarik lebih banyak lagi investor agar bersedia untuk menginvestasikan dananya ke dalam instrumen- instrumen Pasar Modal. Tidak hanya itu itu, penelitian ini juga akan membahas tentang Reksadana dan beberapa pandangan dari Makroekonomi dihubungkan dengan Pasar Modal. Penelitian ini merupakan penelitian ini merupakan penelitian kuantitatif dengan metode deskripsi dan regresi berganda dan sampel dari penelitian ini adalah harga saham emiten - emiten yang secara konsisten terdaftar pada Indeks BISNIS-27 selama periode Januari 2009 hingga Desember 2011. Hasil penelitian ini didapatkan bahwa variabel independen yang dimasukkan dalam model (inflasi, harga minyak dan investment grade) tidak ada yang berpengaruh signifikan terhadap 11 emiten yang diuijkan. Rekomendasi untuk penelitian mendatang bisa menambahkan periode penelitian dan juga menambah variabel independen kedalam model.

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This thesis discusses the effects of inflation, oil prices and investment grade on stock prices in the BISNIS-27 Index. Investment in Capital Markets is designed to be able to continue to attract more investors to be willing to invest funds into the capital market instruments. Not only that, this study will also discuss about mutual funds and some of Macroeconomic?s overview associated with the Capital Market. This study is a quantitative research study with multiple regression methods and descriptions and samples of this study is the stock price - which is consistently listed issuers on BISNIS-27 index during the period January 2009 to December 2011. The results of this study found that the independent variables included in the model (inflation, oil prices and investment grade) no significant effect on the 11 issuers that tested. Recommendations for future research could add the study period and also adds to the independent variables into the model."

"Penelitian ini bertujuan untuk menganalisis pengaruh credit rating terhadap struktur modal pada perusahaan non-keuangan yang terdaftar di Bursa Efek Indonesia periode 2006-2012. Pengujian ini dilakukan menggunakan metode regresi data panel, dimana variabel dependen adalah net debt issued (NetDIss) atau hutang yang diterbitkan setelah dikurangi ekuitas sebagai proksi struktur modal, sedangkan credit rating sebagai variabel independen diproksikan sebagai variabel dummy. Metodologi yang digunakan adalah Plus or Minus Test, Credit Score Test, dan Investment Grade Non-Investment Grade Test. Hasil penelitian menunjukkan bahwa credit rating berpengaruh signifikan terhadap struktur modal. Dimana, berdasarkan pengujian POM test didapatkan hasil bahwa credit rating yang mendekati peningkatan (upgrade) dan penurunan (downgrade) berpengaruh signifikan terhadap struktur modal. Investment Grade Non-Investment Grade test juga menunjukkan hasil bahwa credit rating yang berada pada batas kategori investment grade non-investment grade berpengaruh signifikan terhadap struktur modal. Sedangkan, Credit Score test menunjukkan hasil bahwa credit rating tidak berpengaruh signifikan terhadap struktur modal perusahaan non-keuangan di Indonesia.

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The aim of this study is to analyze the effect of credit ratings on non-financial firm?s capital structure that are listed in Indonesian Stock Exchange during the period of 2006 to 2012. Hypotheses were tested using the estimation method of panel data, whereby net debt (NetDIss) was selected as dependent variable and credit rating as independent variable. The methods used in this study are the Plus or Minus Test, the Credit Score Test, and the Investment Grade Non-Investment Grade Test. Analysis revealed that credit rating has a significant effect on capital structure. The POM test showed that credit rating that is nearing an upgrade and downgrade has a significant effect on capital structure. Moreover, Investment Grade Non-Investment Grade test showed that credit rating that was in borderline has a significant effect on capital structure too. But, Credit Score test did not showed the significant effect of credit rating on capital structure, while others did."

"Getting sovereign credit rating upgrades and achieving investment grade status are main goalsfor countries in order to gain lower yield spread and cost of borrowing. By using ordinary leastsquare method, this research is aimed to analyze the impact of Indonesia sovereign credit rating upgradeand investment grade status on sovereign spread changes. The result shows that the sovereigncredit rating upgrades within speculative grade category and investment grade status for Indonesiado not significantly impact sovereign spread reduction. On the other hand, the global condition, especiallyglobal risk appetite, has significant impact to Indonesia sovereign yield spread. The researchalso indicates that Indonesia macroeconomic fundamentals do not significantly explain the movementof sovereign yield spread."

"Penelitian ini bertujuan untuk mengeksplorasi pengaruh dimensi likuiditas—yang meliputi Breadth (kedalaman pasar), Depth (ketebalan pasar), Resilience (kemampuan pasar untuk pulih setelah terjadi gangguan harga), Tightness (ketatnya spread harga), dan immediacy (kecepatan)—terhadap credit rating obligasi korporasi di Indonesia. Menggunakan data obligasi korporasi Indonesia, penelitian ini mengaplikasikan teknik analisis statistik regresi logit biner untuk menilai sejauh mana masing-masing dimensi likuiditas dapat memprediksi rating obligasi Investment Grade atau High Yield bonds,. Hasilnya dimensi yang paling efektif dalam mengukur likuiditas obligasi korporasi Indonesia adalah dengan proksi likuiditas Imputed Roundtrip Cost (IRC)

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This study aims to explore the influence of liquidity dimensions—including Breadth (market Depth), Depth (market thickness), resilience (the market's ability to recover after price shocks), Tightness (the narrowness of the price spread) and Immediacy (speed) —on the credit rating of corporate bonds in Indonesia. Utilizing Indonesian corporate bond data, this study applies binary logit regression analysis techniques to assess the extent to which each liquidity dimension can predict the rating of Investment Grade or High Yield bonds. The most effective dimension for measuring the liquidity of corporate bonds in Indonesia is liquidity proxy being Imputed Roundtrip Cost (IRC)."