PENGARUH GOOD CORPORATE GOVERNANCE DAN PENGUNGKAPAN MODAL INTELEKTUAL TERHADAP BIAYA MODAL: (Studi Kasus pada Perusahaan Sub-Sektor Perkebunan yang Terdaftar di Bursa Efek Indonesia Periode 2017-2021)

Sindi Aprilia

Authors

Sindi Aprilia Universitas Kuningan

Keywords:

Managerial Ownership, Institutional Ownership, Independent Board of Commissioners, Size of the Board of Directors, Frequency of Audit Committee Meetings, Disclosure of Intellectual Capital, Cost of Capital

Abstract

This study aims to determine the effect of managerial ownership, institutional ownership, independent board of commissioners, size of the board of directors, frequency of audit committee meetings and disclosure of intellectual capital on the cost of capital. The method used in this study is a descriptive and verification method with quantitative data types. The population in this study is the annual reports of 26 companies in the plantation sub-sector companies listed on the Indonesia Stock Exchange in 2017-2021 with a sample of 16 companies. The data collection technique used was nonparticipant observation using the panel data regression test. The results of the study that managerial ownership, institutional ownership, independent board of commissioners, size of board of directors, frequency of audit committee meeting and disclosure of intellectual capital simultaneously has an effect on the cost of capital. Managerial ownership, institutional ownership, independent board of commissioners and the frequency of audit committee meetings has a significant positive effect on the cost of capital. The size of the board of directors and disclosure of intellectual capital has a significant negative effect on the cost of capital.

Keywords: Managerial Ownership, Institutional Ownership, Independent Board of Commissioners, Size of the Board of Directors, Frequency of Audit Committee Meetings, Disclosure of Intellectual Capital, Cost of Capital

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