PENGARUH STRUKTUR KEPEMILIKAN DAN KONSERVATISME AKUNTANSI TERHADAP ASIMETRI INFORMASI (STUDI PADA PERUSAHAAN MANUFAKTUR BURSA EFEK INDONESIA 2013-2016)

ADISAPUTRI, AISHA FADILA (2019) PENGARUH STRUKTUR KEPEMILIKAN DAN KONSERVATISME AKUNTANSI TERHADAP ASIMETRI INFORMASI (STUDI PADA PERUSAHAAN MANUFAKTUR BURSA EFEK INDONESIA 2013-2016). S1 thesis, Fakultas Ekonomi.

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Abstract

AISHA FADILA ADISAPUTRI. Effect of Ownership Structure and Accounting Conservatism on Information Asymmetry (Study on Indonesian Stock Exchange Manufacturing Companies 2013-2016). Faculty of Economics, State University of Jakarta. 2019. This study aims to determine the effect of ownership structure that is managerial ownership and institutional ownership, and accounting conservatism on information asymmetry in manufacturing companies listed on the Indonesia Stock Exchange. The period in this study was 4 years 2013-2016. This study uses secondary data in the form of company financial statements, company annual reports, and company bid-ask data. Through purposive sampling technique selected 144 samples from 36 companies during the 2013-2016 observation year which were processed by panel data regression analysis using EViews 8. Information Asymmetry as Dependent Variables in this study are proxied by the bid-ask spread method. While the Independent Variables in this study are Managerial Ownership which is proxied by the percentage of managerial share ownership, Institutional Ownership which is proxied by the percentage of institutional share ownership, and Conservatism which is proxied by measuring the Zhang Conv_Accrual model. The influence and relationship of the four variables were tested using multiple regression analysis. The T Test results show that managerial ownership has a positive and significant effect on information asymmetry. In addition, institutional ownership and accounting conservatism has no significant effect on information asymmetry. Keywords: Managerial Ownership, Institutional Ownership, Accounting Conservatism, Information Asymmetry.

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