Hubungan Antara Kualitas Laba, Asimetri Informasi, Dan Biaya Modal Ekuitas: Pengujian Menggunakan Analisis Jalur

Nasih, Moh.; Komalasari, Puput Tri; Madyan, Moh.

doi:10.21002/jaki.2016.12

Cited by 5 publications

(11 citation statements)

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“…Based on testing the third hypothesis, it can be seen that earnings quality does not affect the cost of equity capital.This indicates that earnings quality does not have a direct effect on the cost of equity capital. These results support the research conducted by Nasih and Ifonie, which shows that earnings quality does not directly affect the cost of equity capital [8,13].…”

Section: Results Of Testing Hypothesis 3 (H3): Earnings Quality Hassupporting

confidence: 90%

“…Earnings quality will reduce the cost of equity capital when earnings quality can reduce information asymmetry. This finding supports the results of research conducted by Bhattacharya and Nasih, which proves that information asymmetry mediates the relationship between earnings quality and the cost of equity capital [6,8].…”

Section: Results Of Testing Hypothesis 4 (H4): Information Asymmetrsupporting

confidence: 90%

“…Publication of information conducted by companies can reduce adverse selection costs from the bid-ask spread so that the cost of equity capital also falls. This finding supports research's conducting by Nasih, Dewi, Purwanto and Perwira who found that information asymmetry had a significant positive effect on the cost of equity capital [8][9][10]12].…”

Section: B Results Of Testing Hypothesis 2 (H2): Informationsupporting

confidence: 87%

“…The results of research conducted by Lahaya et al and Bhattacharya found that earnings quality had a significant negative effect on information asymmetry [5,6]. However, the results of research conducted by Damayanti and Nasih et al found that earnings quality did not affect information asymmetry [7,8].…”

Section: Introductionmentioning

confidence: 99%

“…Some studies prove the influence of information asymmetry on the cost of equity capital. The results of research conducted by Nasih, Dewi and Purwanto found that information asymmetry has a significant positive effect on the cost of equity capital [8][9][10]. Conversely, Heriyanthi found that information asymmetry has a negative effect on the cost of equity capital [11].…”

Section: Introductionmentioning

confidence: 99%

See 4 more Smart Citations

Earning Quality, Information Asymmetry and Cost of Equity Capital in Manufacturing Companies

Indarti¹,

Puteri²,

Sudarsi³

2019

Proceedings of the International Conference on Banking, Accounting, Management, and Economics (ICOBAME 2018)

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This study examines the direct and indirect impacts of earnings quality on cost of equity capital by using path analysis. The population in this study are manufacturing companies listed on the Indonesia Stock Exchange 2014-2016.Selected research samples were 108 manufacturing companies with purposive sampling technique. The results found that earnings quality had a significant negative effect on information asymmetry. Information asymmetry has a positive effect on the cost of equity capital. The test results also prove that information asymmetry has a role as a mediating variable. However, this study failed to find the direct effect of earnings quality on the cost of equity capital.

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Section: Results Of Testing Hypothesis 3 (H3): Earnings Quality Hassupporting

confidence: 90%

Section: Results Of Testing Hypothesis 4 (H4): Information Asymmetrsupporting

confidence: 90%

Section: B Results Of Testing Hypothesis 2 (H2): Informationsupporting

confidence: 87%

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

See 3 more Smart Citations

Earning Quality, Information Asymmetry and Cost of Equity Capital in Manufacturing Companies

Indarti¹,

Puteri²,

Sudarsi³

2019

Proceedings of the International Conference on Banking, Accounting, Management, and Economics (ICOBAME 2018)

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Kualitas Akrual Memoderasi Earnings Opacity Terhadap Biaya Ekuitas

Andriani

Afriyenti

2019

JEA

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This study aims to examine the effect of earnings opacity on the cost of equity with accrual quality as a moderating variable. This studyuses two measures for earnings opacity which are earnings aggressiveness and earnings smoothing. Number of sampleis 40 manufacturing companies that distribute dividend periods 2015-2017. The method of analysis using interaction moderation regression.The results of this study showed that accrual quality strengthen the relationship between earnings aggressiveness and cost of equity. Accrual quality also weaken the relationship between earnings smoothing and cost of equity. Earnings aggressiveness has positive and significant effect on cost of equity. Earnings smoothing has positive but not significant effect on cost of equity.

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Pengaruh Asimetri Informasi, Pengungkapan Modal Intelektual, dan Kepemilikan Institusional Terhadap Biaya Modal Ekuitas

Riswandari

2023

RATIO

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This research proves and analyzes the effect of information asymmetry, intellectual capital disclosure and institutional ownership on the cost of equity capital in the mining company. The population in this study won 46 mining companies and, using the Purposive sampling method through predetermined criteria, obtained 20 sample companies. The data used are secondary data, which are the company's financial statement files for the 2016-2018 reporting period obtained from the IDX website. The analytical method used in this study is multiple linear regression with the results of multiple linear regression with regression results that reveal the variables of intellectual capital disclosure and institutional ownership that significantly affect the cost of equity capital. In contrast, the information asymmetry variable is not particularly important in the cost of equity capital. The results showed that concurrent information asymmetry, intellectual capital disclosure, and institutional ownership did not affect the cost of equity capital. Disclosing intellectual capital and institutional ownership can affect the cost of equity capital in a company. Future studies can add other variables related to the cost of equity capital using companies in different sectors to provide broader results about the cost of equity capital for companies.Key Word: Cost of Equity Capital, Information Asymmetry, Intellectual Capital Disclosure, and Institutional Ownership.

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Hubungan Antara Kualitas Laba, Asimetri Informasi, Dan Biaya Modal Ekuitas: Pengujian Menggunakan Analisis Jalur

Cited by 5 publications

References 0 publications

Earning Quality, Information Asymmetry and Cost of Equity Capital in Manufacturing Companies

Earning Quality, Information Asymmetry and Cost of Equity Capital in Manufacturing Companies

Kualitas Akrual Memoderasi Earnings Opacity Terhadap Biaya Ekuitas

Pengaruh Asimetri Informasi, Pengungkapan Modal Intelektual, dan Kepemilikan Institusional Terhadap Biaya Modal Ekuitas

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