Pengaruh Pengungkapan CSR, Manajemen Laba dan Asimetri Informasi terhadap Cost of Equity Capital dengan Kualitas Audit sebagai Variabel Moderating pada Perusahaan yang Terdaftar di Indeks LQ-45 Tahun 2010-2015

Abstract

Investors had getting the rate of return from their investments. They prefer the companies with have disclosure for their information. The research designed to analyze the effect of CSR disclosure, earning management, and asymmetric information to cost of equity capital, with audit quality as moderating variable. Population in this study are all companies listed in LQ-45 index for 2010-2015 periods. The sampling method used purposive sampling method.there are 94 companies as sample for this study. The analyze used regression with absolute residual method. The result showed that CSR disclosure and earning management have significant effect to CEC. Asymmetric Information did not significantly effect to CEC. The Audit quality moderated the relation between CSR disclosure and CEC. Meanwhile, The audit quality cannot moderate the relation between earning management and CEC, and also the relation between Asymmetric Information and CEC.