Ni Nyoman A.Diantini_191157685

DETERMINAN INFORMASI ASIMETRIS PADA INDEKS SAHAM LQ45

Ni Nyoman Ayu Diantini

Prodi Manajemen Fakultas Ekonomi dan Bisnis Universitas Udayana

Jl. P.B. Sudirman, Denpasar, Bali, 80232, Indonesia

  • Korespondensi dengan Penulis:
  • Ni Nyoman Ayu Diantini: Telp.+62 361 224 133; Fax. +62 361 241 929
  • E-mail: a_diantini@yahoo.com

Abstract

Managers directly involved in the management of companies often have internal company information more about the company’s 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

191157685_NiNyomanAyuDiantini (Full Text)

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