PENGARUH STRUKTUR KEPEMILIKAN DALAM MEKANISME CORPORATE GOVERNANCE TERHADAP COST OF EQUITY CAPITAL
Journal Title: AKRUAL: Jurnal Akuntansi - Year 2009, Vol 1, Issue 1
Abstract
Corporate governance mechanisms believed to have strong impact to the companies’ performance. Corporate governance mechanisms examined in this study are managerial ownership and institutional ownership structure. The purposes of this study are to know the variables effect of managerial ownership and institutional ownership on cost of equity capital. The samples of the study are firms listed in Jakarta Stock Exchange in 2005. The F-test on the all variables at the level confidence 1% indicates the effect of all variables on cost of equity capital is significant. The result of this study showed that managerial ownership and institutional ownership have positive significant impact (at the level of confidence 1% and 5%) on the cost of equity capital. However this result showed that corporate governance mechanisms fail to decrease the cost of equity capital.
Authors and Affiliations
Tarjo Tarjo
Keywords
Related Articles
- EP ID EP352055
- DOI 10.26740/jaj.v1n1.p89-104
- Views 122
- Downloads 0
PENGARUH INFLASI, SUKU BUNGA, NILAI TUKAR VALAS DAN JUMLAH UANG BEREDAR TERHADAP PROFITABILITAS PADA PERBANKAN SYARIAH DI INDONESIA PERIODE 2005-2009
Islamic finance quality show that performance improved, as indicated by the growing share of financing for the results of mudharabah and musyarakah. This study was conducted to examine the effect of macro economic indica...
ANALISIS EXPECTATION GAP UNTUK TUJUAN CONTINUOUS IMPROVEMENT: STUDY PPAk FEB UGM YOGYAKARTA
Penelitian ini bertujuan untuk menganalisis ekspektasi pengelola dan mahasiswa angkatan 29 terhadap PMK Nomor 25/PMK.01/2014. Penelitian ini juga membahas, menganalisis serta mengevaluasi penyebab terjadinya kesenjangan...
ROFITABILITAS, INVESTASI DAN ARUS KAS SEBAGAI PREDIKTOR TINGKAT PENGEMBALIAN SAHAM
This research aim to calculate influence from some financial performance (B/M ratio, market capitalization, earning position, investment, accrual value, company strength measurement, dividend policy, and profitability) t...
PENGELOLAAN KNWOLEDGE MANAGEMENT CAPABILITY DALAM MEMEDIASI DUKUNGAN INFORMATION TECHNOLOGY RELATEDNESS TERHADAP KINERJA PERUSAHAAN: PENDEKATAN REFLECTIVE SECOND ORDER FACTOR
The aim of this research is to observe the influence of information technology complementarities and support of information technology knowledge to corporate performance. Complementarities of information technology are...
PERBANDINGAN RISK DAN RETURN INVESTASI PADA EMAS, SAHAM DAN REKSADANA DALAM MENENTUKAN KEPUTUSAN INVESTASI
The purpose of this study is to investigate whether there are differences in risk and return of investment in investment instruments that investigated the third is gold, LQ 45 index and Mutual Funds. Comparative risk and...