PENGARUH BOOK-TAX DIFFERENCES TERHADAP PERINGKAT OBLIGASI DI INDONESIA

This research is aimed to analyze the influence of book-tax differences on bond ratings in indonesia for six years of observation period (2003-2008) using the ordinal logit regression method. variables used to proxy book-tax differences are deferred tax expenses and tax-to-book ratios. as apposed to crabtree and maher (2009) who found book-tax differences have a negative and significant influence on bond ratings. this research shows that large positive deferred taxes have no significant influence whereas large negative book-tax differences have a positive and significant influence on bond ratings, which means the larger negative book-tax differences from the company will increase the bond rating of that company.