Factors That Influence Voluntary Disclosure and Implications on Cost of Capital (In Banking Industry on Indonesia Stock Exchange for Period 2015 – 2017)

DOI

10.2991/aicar-18.2019.22How to use a DOI?

Keywords

cost of capital; firm size; profitability; public share ownership; voluntary disclosure

Abstract

This study aims to examine profitability, public share ownership, and size of voluntary disclosure and cost of capital. In addition to examining direct effects, this study considers indirect effects, namely the voluntary disclosure mediating the relationship between profitability, public share ownership, and firm size with the cost of capital. This research was conducted on 41 banking companies listed on the Indonesia Stock Exchange in the observation period 2015 - 2017 with a total sample of 123 banking companies. Data collection techniques used documentation methods on the official website of Indonesia Stock Exchange and Yahoo Finance. This research data uses panel data, and to test intervening variables with path analysis. The results are profitability has no influence on voluntary disclosure; public share ownership has a negative influence on voluntary disclosure; firm size has an influence on voluntary disclosure; profitability, public share ownership, and size has no influence on cost of capital; voluntary disclosure has no influence on cost of capital; and voluntary disclosure cannot mediate relationship between profitability, public share ownership, and firm size to cost of capital.

Copyright

© 2019, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Maya Mustika
PY  - 2019/02
DA  - 2019/02
TI  - Factors That Influence Voluntary Disclosure and Implications on Cost of Capital (In Banking Industry on Indonesia Stock Exchange for Period 2015 – 2017)
BT  - Proceedings of the 5th Annual International Conference on Accounting Research (AICAR 2018)
PB  - Atlantis Press
SP  - 98
EP  - 103
SN  - 2352-5428
UR  - https://doi.org/10.2991/aicar-18.2019.22
DO  - 10.2991/aicar-18.2019.22
ID  - Mustika2019/02
ER  -