ASIMETRI INFORMASI DAN COST OF EQUITY CAPITAL PDF

0 Comments

ANALISA PENGARUH MANAJEMEN LABA DAN ASIMETRI INFORMASI TERHADAP COST OF EQUITY CAPITAL (Studi pada Perusahaan Manufaktur yang. Pengaruh Voluntary Disclosure, Manajemen Laba terhadap Cost Of Equity Capital dengan Asimetri Informasi Jurnal Akuntansi dan Keuangan, 5(2): of Equity. Capital dengan Asimetri Informasi sebagai Variabel Intervening. adalah statistik deskriptif dan analisis jalur (path analysis). Hasil penelitian Asimetri. Informasi berpengaruh signifikan positif terhadap Cost of Equity Capital.

Author: Kikasa Meztikus
Country: Montserrat
Language: English (Spanish)
Genre: Science
Published (Last): 21 December 2012
Pages: 492
PDF File Size: 14.11 Mb
ePub File Size: 10.65 Mb
ISBN: 315-7-22427-424-6
Downloads: 29388
Price: Free* [*Free Regsitration Required]
Uploader: Faugor

This research examines the association between an information asymmetry and cost of equity capital. The conventional wisdom, it is generally assumed that a company which has a disclosure at a greater extent will reduce the cost of equity capital. An empirical research indicated more disclosure will reduce information asymmetry. This research tries testing if the declining of information asymmetry resulting from the extent of disclosure will bring the effects on declining of the cost of codt capital.

Further, the research tries testing the differences of declining level of cost of equity capital as a result of the declining of information asymmetry among relatively small companies and large companies.

Asimetri Informasi dan cost of equity capital

The number of companies taken as samples in the research cover about companies, listed at Jakarta Stock Exchange before The hypothetical test was conducted by implementing cross-sectional method, taking a research periode of This research adopts bid ask spread as a basis for measurement of information asymmetry and capital asset pricing model CAPM used to estimate the quantity of cost of equity capital.

  C3866 DATASHEET PDF

In order to control the size effects, analytical model in the research also utilizes the variables of market values of equity. As expected, ca;ital research cosh u p the existence of a positive relationship between information asymmetry and cost of equity capital. A controlled-variable, NPSR, also brought effects on the number of cost of equity capital significantly.

Electronic Theses & Dissertations Universitas Gajah Mada

This fact makes it possible to separate the hypothesis between a large company and a small one. Separately, the results of testing between small scaled – companies and large scaled-companies indicated real differences at the declining level in term of cost of equity capital.

Large companies experience a greater declining cost of equity than small dsn, therefore, a large company earned a greater benefit resulting from a greater disclosure, compared from a small company. This results implied that the companies have to improve the quality of their disclosure with the intention that the information asymmetry happening among the market players will declines and so will the cost of equity capital. Riset ini menguji asosiasi antara asimetri informasi dan cost of equity capital, Suatu pendapat umum menyatakan bahwa lebih banyak tingkat disclosure yang dilakukan perusahaan akan mengurangi cost o equity capital.

  EL ESKIMAL Y LA MARIPOSA PDF

Riset empiris f telah banyak menunjukkan bahwa disclosure perusahaan akan menurunkan asimetri informasi. Penelitian ini mencoba equiy menguji apakah penurunan asimetri informasi sebagai akibat adanya disclosure dapat menurunkan cost of equity capital.

Lebih jauh, riset ini mencoba menguji perbedaan tingkat penurunan cost of equity capital sebagai akibat penurunan asimetri informasi antara perusahaan besar dan perusahaan kecil. Perusahaan yang diambil sebagai sampel dalam riset ini sebanyak 2 13 perusahaan yang terdaftar di Bursa Efek Jakarta sebelum tahun Pengujian hipotesis dilakukan secara cross sectional dengan mengambil periode penelitian tahun Bid ask spread digunakan sebagai dasar pengukuran asimetri informasi, dan capital asset asimetru model CAPM digunakan untuk mengestimasi besarnya cost of equity capital.

Guna mengontrol size effect, model analisis dalam riset ini juga memasukkan variabel nilai pasar ekuitas perusahaan. Anda dapat mengecek ketersediaan versi cetak dari penelitian ini melalui petugas kami dengan mencatat nomor inventaris di atas apabila ada Ketentuan Layanan: