Pengaruh Corporate Governance, Kualitas Audit Dan Voluntary Disclosure Terhadap Biaya Utang (Studi Empiris pada Perusahaan Go Public yang Terdaftar di CGPI Tahun 2009-2012)
Abstract
This research aims to get empirical eviden of the effect of corporate governance, audit quality, and voluntary disclosure on cost of debt (empirical study on public companies listed on CGPI). Cost of debt was measured using interest rate of debt costs, corporate governance was measured using corporate governance index, audit quality was measured using dummy variable, and voluntary disclosure was measured using voluntary disclosure index.
This study is classified to causative research. The population of this study are public companies listed on CGPI in 2009 to 2012. Samples was determined by purposive sampling method, to obtain a sample of 17 companies. The data used in this study are secondary data. Data was collected with documentation technique obtained through IDX official website: www.idx.co.id and obtained from the website: www.mitrariset.com. Analysis of the data was used panel data regression analysis.
The empirically result showed that: (1) corporate governance does not significantly effect on the cost of debt. (2) audit quality has negative significantly effect on the cost of debt, and (3) voluntary disclosure does not significantly effect on the cost of debt.
Keywords: Cost of Debt, Corporate Governance, Audit Quality, and Voluntary Disclosure
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