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Journal : Jurnal Keuangan dan Perbankan

DETERMINAN INFORMASI ASIMETRIS PADA INDEKS SAHAM LQ45 Ni Nyoman Ayu Diantini
Jurnal Keuangan dan Perbankan Vol 19, No 1 (2015): January 2015
Publisher : University of Merdeka Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (282.311 KB) | DOI: 10.26905/jkdp.v19i1.834

Abstract

Managers directly involved in the management of companies often have internal company information moreabout the companys future prospects than shareholders. This asymmetric information that occurs between theinvestor and the manager will affect their decisions on investment and capital structure. The purpose of thisstudy was to analyze the effect of firm size, research and development expenditure, growth opportunities andthe number of shareholders of the asymmetric information on LQ45 index in the Indonesia Stock Exchange.The samples in this study was conducted with a purposive sampling on a consistent company that listed inLQ45 index between 2011-2013, total samples are 25 companies. The analysis technique used multiple linearregression analysis. The key findings of the paper are firm size has a significant negative effect on asymmetricinformation and number of shareholders have significant positive effect on asymmetric information. VariableR D expenditure and growth opportunities showed no significant effect on asymmetric information.
STRUKTUR KEPEMILIKAN SAHAM TERHADAP KEBIJAKAN UTANG PERUSAHAAN DI BURSA EFEK INDONESIA Luh Gede Sri Artini; Ni Nyoman Ayu Diantini
Jurnal Keuangan dan Perbankan Vol 18, No 3 (2014): September 2014
Publisher : University of Merdeka Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (106.013 KB) | DOI: 10.26905/jkdp.v18i3.818

Abstract

This paper examined the effects of insider ownership, institutional investors and shareholders dispersion ondebt ratio by pooled regression model. The research Population was all the firms in LQ 45 in Indonesia StockExchange (IDX) from 2009 until 2012, and sampling conducted in this research was purposive samplingmethod. Based on the criteria obtained by purposive sampling, 15 companies were eligible to be utilized as theresearch sample. The results of this research were that the impact of insider ownership was positive significanton debt ratio, the institutional investor had a significant positive impact on debt ratio, shareholder dispersionwas not significantly effect on debt ratio.