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Rifaldie Arisandi Bahmi, 2018, The Effect of Good Corporate Governance Implementation on Corporate Bond Ratings, Supervisor I: Salma Abdullah Supervisor II: Zulkarnain Basir

This study aims to develop trust in good corporate governance of the company (empirical studies on companies listed on the Indonesia Stock Exchange). This research is a quantitative research type. Withdrawal of the research hypothesis using basic theory, supported by previous studies that contain variables. The research is located at the StiemBongaya Indonesia Stock Exchange Investment Gallery.

Research variables include good corporate governance using the size of the board of commissioners, Managerial Ownership, Audit Committee, Company Size, bond ratings proxy and ranking with the investment grade proxy. The type of data used is secondary data from the distribution of data through IDX access. Descriptive analysis techniques and simple linear regression assisted by SPSS 21.0 for data analysis. In addition, this study uses a class analysis test.

The results showed that partially Good Corporate Governance (X) with the Board of Commissioners proxy, Managerial Ownership (KM) proxy, Audit Committee (KA), Company Size (UP) proved to have a positive and significant influence on Bond Rating (Y) in property companies and real estate listed on the Indonesia Stock Exchange in 2018. Bond ratings (Y) proxied by Investment Grade were only able to be explained by the Good Corporate Governance (X) variable with the Board of Commissioners proxy, Managerial Ownership, Audit Committee, 0.50 Company Size in property and real estate companies listed on the Indonesia Stock Exchange in the 2018 observation year. One of the suggestions given is that it is necessary to change the Good Corporate Governance Proxy into a variable filling variable, so that it can meet the assumption of 100%.

Keywords: Good Corporate Governance, Bond Rating.