Abstract
This study aims to example the effect of the increase of BTD toward the bond ratings of firms and to investigate the impact of tax planning toward the increase of BTD in affecting bond ratings. Samples are taken from 61 companies that issued bond and they obtained ranking from Pefindo. The data was processed by method of ordinal logit regression. The results show that the increase of BTD (positive changes in BTD) negatively affects the bond ratings of firms, i.e. the bond rating of firms decline. This study also proves the existence of tax planning to mitigate the effect of the increasing BTD toward the declining of bond ratings
| Original language | English |
|---|---|
| Title of host publication | The 25th Asian-Pasific Conference on International Accounting |
| Pages | 1-20 |
| Number of pages | 19 |
| Publication status | Published - 2013 |
Keywords
- BTD
- Bonds
- Ratings
- Tax Planning