PENGARUH PELAKSANAAN CORPORATE GOVERNANCE DAN PENGUNGKAPAN SUSTAINABILITY REPORTING TERHADAP CREDIT RATING

Abstract

Credit rating reflects emiten condition related to its obligation. Credit rating is used to assess the default risk of emiten’s obligation. This study aims to examine the association between corporate governance and sustainability reporting to credit rating. This study replicated prior study conducted by Overheu and Cotter (2009). Sample used in this study is different from Overheu and Cotter (2009) which were only obligations of nonfinancial company. Population consists of obligations that have credit rating 2008-2010 assessment from Pefindo. Sample was collected based on purposive sampling. Sample used in this study is 60 obligations. Credit rating data was collected from Pefindo official website dan companies official website. The corporate governance assesment data was collected from IICG website and SWA magazines. While, sustainability reporting data used was the corporate social responsibility disclosure, collected from the annual report and scored by GRI. Data was analysed with multiple regression. The result of this study indicates that neither corporate governance perception index or corporate social responsibility disclosure has significant association with credit rating assesment.