Proceedings of the 2nd International Conference of Science and Technology for the Internet of Things, ICSTI 2019, September 3rd 2019, Yogyakarta, Indonesia

Research Article

Effect Investment Opportunity Set on Cost Of Equity Capital : Study of online investment Information Technology in the Indonesian Stock Exchange

Download538 downloads
  • @INPROCEEDINGS{10.4108/eai.20-9-2019.2290821,
        author={Sri  Hermuningsih},
        title={Effect Investment Opportunity Set on  Cost Of Equity Capital : Study of online investment Information Technology in the Indonesian Stock Exchange },
        proceedings={Proceedings of the 2nd International Conference of Science and Technology for the Internet of Things, ICSTI 2019, September 3rd 2019, Yogyakarta, Indonesia},
        publisher={EAI},
        proceedings_a={ICSTI},
        year={2020},
        month={3},
        keywords={investment opportunity set disclosure cost of equity capital},
        doi={10.4108/eai.20-9-2019.2290821}
    }
    
  • Sri Hermuningsih
    Year: 2020
    Effect Investment Opportunity Set on Cost Of Equity Capital : Study of online investment Information Technology in the Indonesian Stock Exchange
    ICSTI
    EAI
    DOI: 10.4108/eai.20-9-2019.2290821
Sri Hermuningsih1,*
  • 1: University of Sarjanawiyata Tamansiswa, Yogyakarta, Indonesia
*Contact email: hermun_feust@yahoo.co.id

Abstract

The study aims to analyze disclosure as variable mediating the effects of investment opportunity set on cost of equity capital in the companies listed at lq45 in Indonesian stock exchange.Data analysis exploited secondary data taken from financial report in the period of 2012-2016.Data on stock price was taken from http://www.duniainvestasi.com/bei. Sampling was carried out using purposive sampling method and it was analyzed through the use of partial least square. The results of this study indicate that investment opportunity set provides positive and significant effects on cost of equity capital. Disclosure provides negative and significant effect on cost of equity capital. Investment opportunity set provides indirect effects on cost of equity capital, disclosure. Therefore, the conclusion of this research isdisclosure may mediate the effect of investment opportunity set on cost of equity capital.