Clara, Devika
(2018)
Firm information quality and the cost of equity capital in Indonesia.
Bachelor thesis, Universitas Pelita Harapan.
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Abstract
The purpose of this research is to analyse the relationship of firm information quality which is known by calculating the ratio of firm stock return and firm earnings growth to the cost of equity capital in Indonesia. The sample consists of Indonesian firms through the years 2003 until 2015. The measure used for the proxy of firm-specific information is by seeing the firm information quality fom the stock return and stock earnings. Using an unbalanced panel data regression after including some control variables (capital assset pricing model beta and the firm age). These findings conclude that the firm-specific information (ratio of firm stock return and firm earnings growth) has no significant effect towards the cost of equity capital in Indonesia from 2003-2015. This is inconsistent with the hypothesis that (1) firm specific information has a significant negative relationship to the cost of equity capital.
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