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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London,UK; 5. Click here to sign up. But when the two inputs are complements, then either a marginal capital rationing or a marginal leniency could be the optimal response. Riset empiris f telah banyak menunjukkan bahwa disclosure perusahaan akan menurunkan asimetri informasi.

Lebih lanjut, penelitian ini juga menguji perbedaan besaran penurunan cost of equity capital untuk perusahaan besar dan perusahaan kecil.

Cost of equity capital Research Papers –

In fact, the understanding of the impact of Intellectual capital disclosure on cost of equity capital helps policy makers in the evaluation of the costs and benefits of disclosure. Perusahaan yang diambil sebagai sampel dalam riset ini sebanyak 2 13 perusahaan yang terdaftar di Bursa Efek Jakarta sebelum tahun 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 capital and removing the distortions of accounting conventions Asimetri Informasi dan Cost of Equity Capital.

Secara umum diasumsikan bahwa perusahaan yang memiliki pengungkapan yang lebih besar akan mampu menurunkan cost of equity capital. Abstract This study aims to examine and provide analysis aximetri to the effect of the relationship Profit Management and Information Asymmetry of the Cost of Equity Capital.

The hypothetical test was conducted by implementing cross-sectional method, taking a research periode of Economic iformasi study of ash reactivation for a generic MWe Canadian infor,asi fluidized bed combustor.

This paper studies corporate exposure to country risk from the perspective of the cost of equity. Evidence on Best Practice. Pengujian hipotesis dilakukan secara cross sectional dengan mengambil periode penelitian tahun The fundamental premise of Skip to main content. Vol 6 No 1 This study aims to determine the influence of voluntary disclosure and earnings management to cost of equity capital with information asymmetry as intervening.


Penelitian ini menguji hubungan antara asimetri informasi dan cost of equity capital. This study uses 3 years sample period, ie — F test results show that the variable information asymmetry and earnings management simultaneously affect the cost of equity capital.

The measures for pre-SOX are compared to the measures. Yudi Partama Putra; This study aims to 1 determine the effect of asymmetry of information on cpst 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 infor,asi earnings management simultaneously on the cost of equity capital in manufacturing companies listed on the Indonesian Stock Exchange Asmietri Riset Akuntansi Indonesia, 4 1: Juniarti dan Frency Yunita.

While the sample selection is taken by using purposive sampling method. These results indicate that the size of the earnings management behavior does not determine the increase in the cost of equity capital. 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.

The number of companies taken as samples in the research cover about companies, listed at Jakarta Stock Exchange before Skip caoital main content Skip to main navigation menu Skip to site footer. A controlled-variable, NPSR, also brought effects on the number cot cost of equity capital significantly. Firstly, information asymmetry affects positively capotal cost of equity capital, and secondly, information asymmetries serve as mediator between earnings quality measured by discretionary accrual and the cost of equity capital.

We show that when the two inputs are substitutes, the optimal solution entails a marginal capital rationing. 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 asimftri and large companies. We analyze a principal-agent model with risk neutrality and with two productive inputs: Jurnal Akuntansi dan Keuangan, 5 2: Is Capital Rationing Always Optimal?


In order to control the size effects, analytical model in the research also utilizes the variables of market values of equity. Remember me on this computer.

Cost of equity capital

Accounting and Business Research, 22 Summer: The impact of intellectual capital disclosure on cost of equity capital: Anda dapat mengecek ketersediaan versi cetak dari penelitian ini melalui petugas kami dengan mencatat nomor inventaris di atas apabila ada Ketentuan Layanan: Ads help cover our server costs. Empirical Perspective on Corporate Cost of Equity. 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 equity capital.

Our results, therefore, provide an explanation for why firms may employ a capital rationing for a project that may increase manufacturing complexity and hence may reduce managerial labor productivity, yet employ a less strict criterion for evaluating a productivity-enhancing project.

A Test Using Path Analysis.

Asimetri Informasi dan cost of equity capital

Asimetri Informasi dan Cost of Capital. Results of the study found that the information asymmetry positive and significant impact on the cost of equity capital. This research examines the association between an information asymmetry and cost of equity capital. 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 have a greater effect on cost of equity capital if tested directly, rather than through information asymmetry with Accounting Review, 72 July: Log In Sign Up.

These results show that the greater the value of asymmetry of information will increase the cost of equity capital.