Analisis Pengaruh Manajemen Laba Riil, Ukuran Perusahaan Dan Likuiditas Saham Terhadap Cost Of Equity Capital Pada Perusahaan Go Public Yang Tergabung Dalam Indeks LQ45 Dan JII
Daftar Isi:
- This research aims to determine the effect of real earning management, firm size and stock liquidity on cost of equity capital, on occured in companies listed in Indonesia Stock Exchange during 2004-2015 period. Real earning management measurement used approach on abnormal cash flow from operations, abnormal production cost and abnormal discretionary expenses. Firm size measured by natural logarithm of total asset. While stock liquidity measurement used approach on trading volume activity. Design of this research is quantitative with hyphotetico deductive approachment. Research result indicate that there is no significant relationship between real earning management and the cost of capital. While, firms size has a significant negative relationship on cost of equity capital and stock liquidity has no significant relationship on cost of equity capital.