PENGARUH ASIMETRI INFORMASI DAN MANAJEMEN LABA TERHADAP COST OF EQUITY CAPITAL PADAPERUSAHAAN REAL ESTATE YANG TERDAFTAR DI BURSA EFEK INDONESIA
ABSTRACT: This study aims to
examine the effect of information asymmetry and earnings management cost of
equity capital to real estate companies listed on the Stock Exchange. Objects
in this study is the real estate company listed on the Stock Exchange and the
study sample was obtained by 29 companies with research period is 2007-2009
financial year. Independent variables used are information asymmetry and
earnings management, while the dependent variable is the cost of equity capital
(COE). Methods of data analysis performed using multiple regression
calculations to test the effect of independent variables on the dependent
variable. Results from the study showed that together there is no significant
effect between information asymmetry and earnings management with the cost of
equity capital. This is because investors to assess at this time, issuers or
companies issuing new common stock to cover debts is operational and
investment, making the company less attractive to investors. In addition,
investors consider other matters in investing in a company. The results of this
study is consistent with research conducted by past research that states that two
variables have a significant influence on the cost of equity capital.
Keywords: Information
asymmetry, Earnings management, Cost of equity capital
Penulis: REGINA REIZKY IFONIE
Kode Jurnal: jpakuntansidd120087
