UNIVERSITAS AIRLANGGA



Detail Article

Jurnal Berkala Akuntansi & Bisnis

ISSN 2086-0277

Vol. 2 / No. 1 / Published : 2012-07

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Original Article :

Faktor-faktor yang mempengaruhi cost of capital: pendekatan structural equation model

Author :

  1. Etty Murwaningsari*1
  1. Fakultas Ekonomi Universitas Trisakti

Abstract :

The objectives of this research are to identify the influences of information asymmetry and earning management toward disclosure and cost of capital. This research examines 53 manufacturing companies listed in Jakarta Stock exchange and issues audited financial statement since 2006-2008 therefore total observations consist of 159 firm/year. The statistical method used to test the hypothesis is Structural Equation Model. The empirical result of this research indicates that there are three hypotheses which have significant influences: information asymmetry with disclosure, information asymmetry with cost of capital and earning management with cost of capital. The other two independent variables do not have a significant influence toward dependent variable. The subsequent test indicates that there are three hypotheses which have significant influences: size with disclosure, beta with cost of capital, and the influence of audit quality with cost of capital. The other control variable doesn't show significant influence toward dependent variable.

Keyword :

information asymmetry, Earning Management, Disclosure and Cost of Capital,


References :

Amihud, Y. dan H. Mendelson,(1986) Asset Pricing and the Bid-Ask Spread Journal of Financial Economics : 17, pp. 223-249

Bartov, E., and Bodnar, G.,(1996) Alternative Accounting Methods, Information Asymmetry and Liquidity: Theory and Evidence Accounting review 71, Juli : 397-418

Becker, C. L., L. Defond, J. Jiambalvo and K. R. Subramanyam,(1998) The Effect of Audit Quality on Earnings Management Contemporary Accounting Research 15 : 1-24

Buzby, S.,(1975) Company Size, Listed Versus Unlisted Stocks, and the Extent of Financial Disclosure Journal of Accounting Research (Spring) : pp. 16-37

Chow, C., dan A. Wong-Bore,(1987) Voluntary Financial Disclosure by Mexican Corporations The Accounting Review, July : pp. 533-541





Archive Article

Cover Media Content

Volume : 2 / No. : 1 / Pub. : 2012-07
  1. Pengaruh Suasana Hati Positif, Negatif, Netral Terhadap Keputusan Etis Auditor
  2. Kajian Teori Sosiologi Hermeneutika Serta Pemanfaatannya Dalam Penelitian Akuntansi Interpretive
  3. Implementasi Ifrs Dalam Dunia Pendidikan: Kondisi Terkini Dan Faktor-faktor Yang Memengaruhi
  4. Analisis Kebijakan Pendanaan, Dividen Dan Profitabilitas Perusahaan Dalam Kaitannya Terhadap Set Kesempatan Investasi
  5. Mengukur Keterterapan Model Kesuksesan Pusat Ti: Penggubahan Model Yang Tersesuai Untuk Pusat Ti Di Indonesia
  6. Faktor-faktor Yang Mempengaruhi Cost Of Capital: Pendekatan Structural Equation Model

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