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.
|Published (Last):||19 November 2015|
|PDF File Size:||19.86 Mb|
|ePub File Size:||10.88 Mb|
|Price:||Free* [*Free Regsitration Required]|
Electronic Theses & Dissertations Universitas Gajah Mada
Nevertheless, there is no significant direct and indirect relationship between earnings quality and the cost of capital when earnings quality was asi,etri by income smoothing. Accounting and Business Research, 22 Summer: EVA Economic Value Added better measures the wealth created by a firm during a period, than does traditional accounting earnings, by explicitly assigning a cost of equity infomrasi and removing the distortions of accounting conventions These results show that the greater the value of asymmetry of information will increase the cost of equity capital.
Controllability analysis of modified Petlyuk structures. The results of the analysis show that voluntary disclosure and earnings management have a effect on information asymmetry and cost of equity capital, but based on the analysis of the voluntary disclosure path and earnings management will informsai a greater effect on cost of equity capital if tested directly, rather than through information asymmetry with Information asymmetry is used as mediating variable.
Cost of equity capital Research Papers –
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. 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.
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. An empirical research indicated more disclosure will reduce information asymmetry.
Yudi Partama Putra; This study aims to 1 determine the effect of asymmetry of information on costs of equity at manufacturing companies listed in Indonesia Stock Exchange period2 know the effect of earnings management on equity capital costs at manufacturing companies listed on the Stock Exchange in3 determine the effect of information asymmetry and earnings management simultaneously on the cost of equity capital in manufacturing companies listed on the Indonesian Stock Exchange Vol 6 No 1 Indeed, corporations located into emerging countries are perceived as being riskier; therefore, investors require higher returns 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.
These results indicate that the size of the earnings management behavior does not determine the increase in the cost of equity capital. 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.
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.
Skip to main content Skip to main navigation menu Skip to site footer.
This study is one of the very first to provide empirical evidence of the association between Cost of equity capital and the level of disclosure in the three individual intellectual capital categories human; structural and relational capital.
This study uses 3 years sample period, ie — Los resultados de este trabajo tienen una importancia considerable tanto para los legisladores como para las empresas. Moreover, with regard to managers of firms, the results show the benefit of enhanced Asimetrii disclosure regarding the reduction in their cost of capital.
Asimetri Informasi dan cost of equity capital
We show that when the two inputs are substitutes, the optimal solution entails a marginal capital rationing. F test results show that the variable information asymmetry and earnings management simultaneously affect the cost of equity capital. Penelitian ini menguji hubungan antara asimetri informasi dan cost of equity capital. Komalasari, Puput Tri, dan Baridwan, Zaki. Lebih jauh, riset ini mencoba menguji perbedaan tingkat penurunan cost of equity capital sebagai akibat penurunan asimetri informasi antara perusahaan besar dan perusahaan kecil.
Results of the study found that the information asymmetry positive and significant impact on the cost of equity capital.
This fact makes it possible to separate the hypothesis between a large company and a small one. Secara umum diasumsikan bahwa perusahaan yang memiliki pengungkapan yang lebih besar akan mampu menurunkan cost of equity capital. 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 The statistical method used is path analysis, taking samples from manufacturing companies listing in Indonesia Stock Exchange IDX period taken using purposive sampling method.
The hypothetical test was capitaal by implementing cross-sectional method, taking a research periode of User Username Password Remember me. The population in this dxn are manufacturing companies listed on the Stock Exchange Los datos a emplear Cqpital 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.