FAKTOR-FAKTOR YANG MEMENGARUHI
LUAS PENGUNGKAPAN DAN IMPLIKASINYA TERHADAP ASIMETRI INFORMASI
Meliana Benardi K.
(STIE Tanjung Selor)
Sutrisno
Prihat Assih
(Fakultas Ekonomi Universitas Brawijaya)
ABSTRACT
The aim of this research is to
analyze the factors that influence disclousure extend and its implications to
information asymetry. Disclousure extend in this research related to firm characteristics
measured by some factors, that is firm’s structure, firm’s performance, and firm’s
market. This research using 40 manufacturing companies listed at Indonesian
Stock Exchange in the period of 2005-2007. The tools analysis used in this
research are multiplelinear regression and simple-linear regression.
The result of this research show
that characteristics related to structure only firm size variable is positively
significant associated with variation of annual report disclousure extend,
whereas leverage variable and the portion of stock owned by public investors
are not significant. Characteristics related to performance which measures with
liquidity and profitability variables are not effect the variation annual
report disclousure extend. Characteristics related to market which measures
with auditors size and scope of bisnis variable are significant positively
associated with variation annual report disclousure extend. Finally,
disclousure extend enable decrease information asymmetry.
Keyword : Firm characteristics, Annual Report Disclousure,
Information Asymmetry.
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