The Impact of Intellectual Capital Disclosure and Information Asymmetry on the Cost of Equity Capital
International Journal of Research in Business and Social Science
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Title |
The Impact of Intellectual Capital Disclosure and Information Asymmetry on the Cost of Equity Capital
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Creator |
Prabowo, Bombang Hadi
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Description |
This research aims to analyze the impact of Intellectual Capital Disclosure and Information Asymmetry on Cost of Equity Capital and stock prices. It used purporsive sampling and studied LQ 45 companies enlisted in 2014-2015 Indonesia Stock Exchange. The research data gathered through non-partisan observation method and then analyzed with PLS analysis equation. The result shown: (1) Information Asymmetry has positive significance towards stock price; (2) Intellectual Capital has insignificant positive influence towards stock price; (3) Intellectual Capital has insignificant positive influence towards Cost of Equity Capita; (4) Information Asymmetry has insignificant positive towards Cost of Equity Capital; (5) Cost of Equity Capital has insignificant negative influence towards stock price. This research result validate previous researches’ findings especially in agency theory and asymmetry theory.
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Publisher |
SSBFNET
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Date |
2017-09-19
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Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Peer-reviewed Articles |
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Format |
application/pdf
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Identifier |
http://www.ssbfnet.com/ojs/index.php/ijrbs/article/view/58
10.20525/ijrbs.v6i5.763 |
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Source |
International Journal of Research in Business and Social Science (2147- 4478); Vol 6 No 5 (2017): Special Issue; 1-12
2147-4478 10.20525/ijrbs.v6i5 |
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Language |
eng
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Relation |
http://www.ssbfnet.com/ojs/index.php/ijrbs/article/view/58/60
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