Good Corporate Governance and Intellectual Capital Disclosure on the Cost of Equity Capital in Southeast Asia in 2017-2021
Good Corporate Governance dan Intellectual Capital Disclosure terhadap Cost of Equity Capital pada Perusahaan Farmasi di Asia Tenggara Tahun 2017-2021
DOI:
https://doi.org/10.21070/ups.1836Keywords:
Good Corporate Governance, Intellectual Capital Disclosure, Cost of Equity CapitalAbstract
This study aims to examine the effect of Good Corporate Governance and Intellectual Capital Disclosure on the Cost of Equity Capital in Pharmaceutical Companies in Southeast Asia in 2017-2021. The sampling technique used a purposive sampling method based on certain criteria and a data analysis method with the help of the SPSS version 26 application. The samples obtained were 65 companies with a five-year observation period. The results of the study state that institutional ownership has a positive and significant effect on the cost of equity capital. Audit quality has no effect on the cost of equity capital. The Audit Committee has no effect on the cost of equity capital. The Independent Board of Commissioners has a positive and significant effect on the cost of equity capital. Intellectual Capital Disclosure has a positive and significant effect on the cost of equity capital.
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