PENGARUH ASIMETRI INFORMASI, MANAJEMEN LABA DAN PENGUNGKAPAN SUKARELA TERHADAP COST OF EQUITY CAPITAL

This study examines whether asymmetty informatio, earnings management and voluntary corporate disclosure level published in annual report have an effect on cost of equity capital. The purpose of the study is to investigate whether the variance in corporate disclosure level, asymmetry information and earnings management effect cost of equity capital. The sample consist of 21 public banking companies list on the Indonesia Stock Exchange in 2003-2007. The hypotheses tested was conducted by implementing pooled data method, for period of 2003- 2007 and tested using the regressin analysis. The results sopport the hypotheses that asymmetry information has effect on cost of equity capital More specifically, the results show that voluntary corporate disclosure and earning management had no impact on cost of equity capitat