DETERMINAN INFORMASI ASIMETRIS PADA INDEKS SAHAM LQ45

Ni Nyoman Ayu Diantini

Abstract


Managers directly involved in the management of companies often have internal company information more
about the companys future prospects than shareholders. This asymmetric information that occurs between the
investor and the manager will affect their decisions on investment and capital structure. The purpose of this
study was to analyze the effect of firm size, research and development expenditure, growth opportunities and
the 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 in
LQ45 index between 2011-2013, total samples are 25 companies. The analysis technique used multiple linear
regression analysis. The key findings of the paper are firm size has a significant negative effect on asymmetric
information and number of shareholders have significant positive effect on asymmetric information. Variable
R & D expenditure and growth opportunities showed no significant effect on asymmetric information.

Keywords


asymmetric information, index LQ45, firm Size, R&D expenditure

Full Text:

pdf


DOI: https://doi.org/10.26905/jkdp.v19i1.834

Refbacks

  • There are currently no refbacks.




Jurnal Keuangan dan Perbankan (Journal of Finance and Banking)

Diploma Program of Banking and Finance, Faculty of Economics and Business, University of Merdeka Malang

Published by University of Merdeka Malang

Mailing Address:
2nd floor Finance and Banking Building, Jl. Terusan Raya Dieng No. 57 Malang, East Java, Indonesia
Phone: -
Email: [email protected]

This work is licensed under a Creative
Commons Attribution-ShareAlike 4.0