CD Skripsi
Pengaruh Asimetri Informasi, Pengungkapan Sukarela, Manajemen Laba, Dan Beta Saham Terhadap Biaya Modal Ekuitas (Studi Empiris Pada Perusahaan Indrustri Penghasil Bahan Baku Yang Terdaftar Di Bursa Efek Indonesia Periode 2013 – 2015)
This study was aimed at testing the effect of information asymmetry, voluntary disclosure, profit management and Beta share on cost of equity capital. This study was a quantitative research that used secondary data obtained from Indonesia Stock Exchange in 2013 -2015. The population in this study is secondary data from industrial companies producing raw materials listed on the Indonesia Stock Exchange during the year 2013-2015. The sample used in this research is selected by purposive sampling technique, which is 93 companies listed in Indonesia Stock Exchange in 2013-2015. The study used multiple linear regression to analyze the data. The results showed that 1) information asymmetry has a positive effect on cost of equity capital,with sig value 0,00. 2) voluntary disclosure has a positive effect on cost of equity capital, with sig value 0,017. 3) profit management has a negative and significant effect on cost of equity capital, with sig value 0,307 4) Beta share has a positive and significant effect on cost of equity capital, with sig value 0,045. Based on the test result of the coefficient determination, the value of the Adjust R Square is 46,8% while the remaining 53,2% is influenced by other variables.
Keywords: Cost of Equity Capital, Information Asymmetry, Voluntary Disclosure, Profit Management, and Beta Share
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