PENGARUH PROFITABILITAS, LEVERAGE, LIQUIDITAS DAN STRUKTUR SUKUK TERHADAP PERINGKAT SUKUK (Studi Perusahaan Non Keuangan yang sukuknya masih beredar dan terdaftar di BEI pada tahun 2014-2018)

Abstract

ABSTRACT
This study was conducted to analyze the effect of financial ratio and sukuk structure on the rate of sukuk
in non-financial companies enlisted in Indonesian Stock Exchange (BEI) in 2014-2018. The independent
variables used are profitability ratio (ROA), leverage ratio (DER), liquidity ratio (CR), and sukuk
structure.This study used a population of 18 sukuks which are all circulating sukuks that are published by
non-financial companies enlisted in Indonesian Stock Exchange (BEI) in 2014-2018. The study used
purposive sampling technique that resulted in 9 sukuk samples. The data analysis methods used are
descriptive statistic analysis, classic assumption test, and ordinal logistic regression analysis.The result
showed that the sukuk rate was significantly positive affected by profitability, insignificantly negative
affected by leverage, significantly negative affected by liquidity, and not affected by sukuk structure.