Putri, Devita Hendini and Rokhmania, Nur’aini (2018) The Effect of Intellectual Capital Disclosure, Information Asymmetry, and Firm Size on Cost of Equity Capital with Managerial Ownership as a Moderating Variable. The Indonesian Accounting Review (TIAR), 8 (2). pp. 163-173. ISSN 2086-3802
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Abstract
This study attempts to find out the effect of intellectual capital disclosure, information asymmetry, and firm size on cost of equity capital with managerial ownership as moderating variable. Total sample used in this study is 47 companies listed in the LQ45 Index in Indonesia Stock Exchange (IDX) during the period February 2014 - January 2017. The study period was 2013-2016. The data were analyzed using a descriptive statistical analysis, ordinary least square analysis, and moderated regression analysis. The results show that intellectual capital disclosure has an effect on the cost of equity capital. Components of intellectual capital disclosure, such as human capital, structural capital, and relational capital also have a significant effect on the cost of equity capital. However, information asymmetry and firm size have no significant effect on the cost of equity capital. Managerial ownership cannot moderate the effect of intellectual capital disclosure, information asymmetry, and firm size on the cost of equity capital. Key words: Intellectual Capital Disclosure, Information Asymmetry, Firm Size, Managerial Ownership, Cost of Equity Capital
| Item Type: | Article |
|---|---|
| Subjects: | 600 - TECHNOLOGY > 650 - 659 MANAGEMENT & PUBLIC RELATIONS > 658 - GENERAL MANAGEMENT |
| Divisions: | Lecturer |
| Depositing User: | Perpustakaan Universitas Hayam Wuruk Perbanas |
| Date Deposited: | 29 Aug 2022 07:26 |
| Last Modified: | 29 Aug 2022 07:26 |
| URI: | http://eprints.perbanas.ac.id/id/eprint/7589 |
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