Pengaruh Earnings Management dan Book to Market ratio terhadap Cost of Equity pada Perusahaan LQ45 yang Terdaftar di BEI 2006-2008

Tama, Veralyna (2008) Pengaruh Earnings Management dan Book to Market ratio terhadap Cost of Equity pada Perusahaan LQ45 yang Terdaftar di BEI 2006-2008. Other thesis, Fakultas Ekonomi.

Preview

PDF (Pengaruh Earnings Management dan Book to Market ratio terhadap Cost of Equity pada Perusahaan LQ45 yang Terdaftar di BEI 2006-2008) - Supplemental Material Available under License Creative Commons Public Domain Dedication. Download (467Kb) | Preview

Abstract

The purpose of this research is to examine empirically the influence of earnings management and book to market ratio on cost of equity that occur in LQ45 companies listed in the Indonesian Stock Exchange. In this research, cost of equity capital was captured by CAPM model, while earnings management were measured by discretionary accruals that are estimated using Friedlan model. Population of this research is all of companies excepted bank companies existed in Indonesian in the year of 2006 until 2A08 which were listed in Indonesian Stock Exchange. The number of sampels rs 24 companies. The results of this research showed that earnings management had significan influenced on cost of equity, it means that the higher earnings monagement on LQ45 companies will be followed by higher cost of equity. Book to market ratio had a negative significant influence on cost of equity. And the dependent voriable (cost of equity) could be explained by the independent variables (earning management and book to market ratio).

Actions (login required)

View Item