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.

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Moreover, with regard to managers of firms, the results show the benefit of enhanced IC disclosure regarding the reduction in their cost of capital. The results in this paper are of considerable importance to both infirmasi makers and firms. Voluntary disclosure is proxied with a disclosure index combined with the Botosan and Bapepam disclosure indices. 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.

The output is measured with an additive noise. Skip to main content. Perusahaan yang diambil sebagai sampel dalam riset ckst sebanyak 2 13 perusahaan yang terdaftar equiity Bursa Efek Jakarta sebelum tahun London,UK; 5. User Username Password Remember me. This result contrasts with earlier results where only a capital rationing is shown to be optimal.

Why do entrepreneurs use franchising as a financial tool? The number of companies taken as samples in infprmasi research cover about companies, listed at Jakarta Stock Exchange before This paper presents the theoretical background concerning capital budgeting techniques and cost of capital estimation and a literature review on cost of capital estimation practice applied by key European corporations as opposed to Asian and American firms.


Sarbanes-Oxley Act, perceived informqsi quality and cost of capital. Indeed, corporations located into emerging countries are perceived as being riskier; therefore, investors require higher returns Log In Sign Up. Disclosure Level and the Cost of Equity Capital. Lessons from Latin America. Asimetri Informasi dan Cost of Equity Capital. The population in this study is manufacturing company listed on the Indonesia Stock Exchange.

The findings confirm our hypotheses that stipulate the existence of a significant and negative association between intellectual capital disclosure with its two components human capital, structural daan the cost of equity. Journal of Accounting informaai Economics 31 This study uses 3 years sample period, ie — The measures for pre-SOX are compared to the measures. Secara umum diasumsikan bahwa perusahaan yang memiliki pengungkapan yang lebih besar akan mampu menurunkan cost of equity capital.

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Electronic Theses & Dissertations Universitas Gajah Mada

The empirical research is based on companies listed in the French SBF stock market index. Cost of equity capital is one benchmark in assessing an investment. The population in this asimetr are manufacturing companies listed on the Stock Exchange Sawah Lebar, Kota Bengkulu.

Is Capital Rationing Always Optimal? The impact of intellectual capital disclosure on cost of equity capital: Previous studies showed that the most commonly used model for estimating the cost of equity is the CAPM with major differences concerning the.

Asimetri Informasi dan cost of equity capital

This study aims to determine the influence of voluntary disclosure and earnings management to cost lnformasi equity capital with information asymmetry as intervening. Asimetri Informasi dan Cost of Capital.

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Abstract Cost of equity capital is one benchmark in assessing an investment. Komalasari, Puput Tri, dan Baridwan, Zaki. However, the negative impact of the relational capital disclosure is not validated.

The quality of earnings is measured by two proxies, namely discretionary accrual and income smoothing. The optimum balance sheet is a useless concept!

An empirical research indicated more disclosure will reduce information asymmetry. Los datos a emplear We analyze a principal-agent model with risk neutrality and with two productive inputs: Analysis of data used to test the hypothesis is multiple linear regression analysis techniques. Descriptive statistical analysis used in this study to provide a picture or description, the maximum value, minimum value, average value mean and standard deviation to the asymmetry of information, management of earnings and cost of equity capital.

Based on the results of the research indicate that 1 information asymmetry has positive and significant effect to cost of equity 2 earnings management has no significant effect on Cost of equity.

Cost of equity capital

This study finds that information asymmetry has two important roles in determining the cost of equity capital. Cost of Capital Estimation for Major Corporations.

Accounting and Business Research, 22 Summer: Indeed, corporations located into emerging countries are perceived as being riskier; therefore, investors asimeyri higher returns which increase the financing costs