The Effect of Firm Size, Capital Structure, and Type of Mudharabah Contract on Corporate Sukuk Yield with Sukuk Maturity as a Moderating Variable

Abstract

This study aims to examine the effect of firm size, capital structure, and the type of Mudharabah contract on corporate sukuk yields, with sukuk maturity as a moderating variable. This research employs a quantitative approach. The study utilizes secondary data obtained from the official website of the Financial Services Authority (Otoritas Jasa Keuangan/OJK). The sample consists of 20 companies, selected using purposive sampling, resulting in a total of 100 observations. The analytical method applied is multiple linear regression analysis, with SPSS version 25 used as the analytical tool. The results indicate that firm size and the type of Mudharabah contract do not have a significant effect on corporate sukuk yields, whereas capital structure has a significant effect on corporate sukuk yields. Furthermore, sukuk maturity is found to moderate the relationship between firm size and the type of Mudharabah contract with corporate sukuk yields. However, sukuk maturity does not moderate the relationship between capital structure and corporate sukuk yields.