Pengaruh intellectual capital disclosure, Asimetri informasi dan ukuran perusahaan Terhadap cost of equity capital dengan Kepemilikan manajerial sebagai Variabel moderating
Daftar Isi:
- The purpose of this study was to determine influence of intellectual capital disclosure, information asymmetry and firm size on cost of equity capital with managerial ownership as moderating variable. Samples from this study a total of 47 companies listed in the Indeks LQ45 in Indonesia Stock Exchange during the period February 2014 - January 2017. The year of study is 2013-2016. This study used a descriptive statistical analysis, ordinary least square, and moderated regression analysis as a result of data analysis techniques. The results of this study found that intellectual capital disclosure effect on the cost of equity capital. Components of intellectual capital disclosure such as human capital, structural capital and relational capital was significantly affect the cost of equity. But, information asymmetry and firm size does not significantly affect the cost of equity and managerial ownership as moderating variable in relation between intellectual capital disclosure, information asymmetry, firm size on cost of equity capital was not significant. Keyword : Intellectual Capital Disclosure, Information Asymmetry, Firm Size, Managerial Ownership, Cost of Equity Capital