PENGGUNAAN PARTIAL DURATION DALAM IMUNISASI PORTOFOLIO OBLIGASI KORPORASI
Bond investment had been popular recently in Indonesian capital market by theissuance of government retail bond known as Obligasi Ritel Indonesia(ORI). The emergence ofORI in Indonesian bond market had brought into account the need to disseminate many aspectsof bond trading included duration concept...
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| Format: | Article |
| Language: | English |
| Published: |
Universitas Merdeka Malang
2017-03-01
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| Series: | Jurnal Keuangan dan Perbankan |
| Subjects: | |
| Online Access: | http://jurnal.unmer.ac.id/index.php/jkdp/article/view/920 |
| _version_ | 1811321003818614784 |
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| author | Ali Wardhana Apriani Dorkas Rambu Atahau |
| author_facet | Ali Wardhana Apriani Dorkas Rambu Atahau |
| author_sort | Ali Wardhana |
| collection | DOAJ |
| description | Bond investment had been popular recently in Indonesian capital market by theissuance of government retail bond known as Obligasi Ritel Indonesia(ORI). The emergence ofORI in Indonesian bond market had brought into account the need to disseminate many aspectsof bond trading included duration concept that was central in the discussion of bond investment.Previous research done by Widayanti (2007) towards corporate bond traded in Surabaya StockExchange could not immunize the bond portfolio because of the unparallel movement ofinterest rate during the research period. This research aimed at continuing the previous researchby applying different tools of analysis, known as partial duration which was suitable forunparallel movement of interest rate. The result obtained indicated that partial durationcould not be used for the immunization both single and portfolio of bonds. However, it wasfound that by using partial duration to immunize single and portfolio of bonds, the deviationbetween expected and obtained result was somewhat lower compared to Modified duration. |
| first_indexed | 2024-04-13T13:10:33Z |
| format | Article |
| id | doaj.art-358b5534ffba45088993c9bd3aa06558 |
| institution | Directory Open Access Journal |
| issn | 1410-8089 2443-2687 |
| language | English |
| last_indexed | 2024-04-13T13:10:33Z |
| publishDate | 2017-03-01 |
| publisher | Universitas Merdeka Malang |
| record_format | Article |
| series | Jurnal Keuangan dan Perbankan |
| spelling | doaj.art-358b5534ffba45088993c9bd3aa065582022-12-22T02:45:38ZengUniversitas Merdeka MalangJurnal Keuangan dan Perbankan1410-80892443-26872017-03-011318896637PENGGUNAAN PARTIAL DURATION DALAM IMUNISASI PORTOFOLIO OBLIGASI KORPORASIAli Wardhana0Apriani Dorkas Rambu Atahau1Jurusan Manajemen Fakultas Ekonomi Universitas Kristen Satya Wacana Jl. Diponegoro No.52-60 Salatiga, 50711Jurusan Manajemen Fakultas Ekonomi Universitas Kristen Satya Wacana Jl. Diponegoro No.52-60 Salatiga, 50711Bond investment had been popular recently in Indonesian capital market by theissuance of government retail bond known as Obligasi Ritel Indonesia(ORI). The emergence ofORI in Indonesian bond market had brought into account the need to disseminate many aspectsof bond trading included duration concept that was central in the discussion of bond investment.Previous research done by Widayanti (2007) towards corporate bond traded in Surabaya StockExchange could not immunize the bond portfolio because of the unparallel movement ofinterest rate during the research period. This research aimed at continuing the previous researchby applying different tools of analysis, known as partial duration which was suitable forunparallel movement of interest rate. The result obtained indicated that partial durationcould not be used for the immunization both single and portfolio of bonds. However, it wasfound that by using partial duration to immunize single and portfolio of bonds, the deviationbetween expected and obtained result was somewhat lower compared to Modified duration.http://jurnal.unmer.ac.id/index.php/jkdp/article/view/920bond, modified duration, partial duration, immunization |
| spellingShingle | Ali Wardhana Apriani Dorkas Rambu Atahau PENGGUNAAN PARTIAL DURATION DALAM IMUNISASI PORTOFOLIO OBLIGASI KORPORASI Jurnal Keuangan dan Perbankan bond, modified duration, partial duration, immunization |
| title | PENGGUNAAN PARTIAL DURATION DALAM IMUNISASI PORTOFOLIO OBLIGASI KORPORASI |
| title_full | PENGGUNAAN PARTIAL DURATION DALAM IMUNISASI PORTOFOLIO OBLIGASI KORPORASI |
| title_fullStr | PENGGUNAAN PARTIAL DURATION DALAM IMUNISASI PORTOFOLIO OBLIGASI KORPORASI |
| title_full_unstemmed | PENGGUNAAN PARTIAL DURATION DALAM IMUNISASI PORTOFOLIO OBLIGASI KORPORASI |
| title_short | PENGGUNAAN PARTIAL DURATION DALAM IMUNISASI PORTOFOLIO OBLIGASI KORPORASI |
| title_sort | penggunaan partial duration dalam imunisasi portofolio obligasi korporasi |
| topic | bond, modified duration, partial duration, immunization |
| url | http://jurnal.unmer.ac.id/index.php/jkdp/article/view/920 |
| work_keys_str_mv | AT aliwardhana penggunaanpartialdurationdalamimunisasiportofolioobligasikorporasi AT aprianidorkasrambuatahau penggunaanpartialdurationdalamimunisasiportofolioobligasikorporasi |