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Kualitas Pengungkapan Segmen dan Hubungannya dengan Biaya Modal Ekuitas


Ahmad Abbas
Abdul Hamid Habbe
Grace T. Pontoh
Universitas Hasanuddin


The decision to provide segment information depends not only on regulations but also on the behavior of disclosure imposed by the manager. This study aims to determine the quality of segment disclosure and the factors that determine it, and to examine the relationship between the quality of segment disclosure and the cost of equity capital. Samples are taken from 187 companies listed in the Indonesian Stock Exchange during the period of 2011 – 2014. This research method uses descriptive statistics and multiple linear regressions. The results illustrate that the average segment disclosure in the companies proves quality samples and the factors that determine the quality of segment disclosure are agency cost, cost of ownership, and business diversification. The agency costs can determine decisions to improve the quality of management in the segment disclosure, and the cost of ownership can determine the manager’s decision to limit the increase in the quality of segment disclosure. Meanwhile, diversification can be a signal in determining the quality improvement of the segment disclosure. Related to cost of equity capital, the quality of the segment disclosure pushes down the cost of equity capital.

Keywords: quality of the segment disclosure, agency costs, cost of ownership, signal, cost of equity capital.

6 abbas_Kualitas Pengungkapan Segmen dan Hubungannya dengan biaya modal ekuitas

Pemilik: Dr. Priyo Sajarwo Y., M.Si., CA., Akt.

Direktur: Dr. Junaidi, M.Si., CA., Ak., CSRS

Mitra Bestari

  1. Prof. Dr. Abdul Halim, MBA., Akt. (Universitas Gadjah Mada)
  2. Prof. Dr. Gudono, MBA., Akt. (Universitas Gadjah Mada)
  3. Dr. Meinarni Asnawi, M.Si., Akt. (Universitas Cenderawasih )
  4. Dr. Luciana Spica Almilia, M.Si. Akt., CMA., CFA.(STIE Perbanas Surabaya)
  5. Dr. Syukriy Abdullah, M.Si., Akt. (Universitas Syiah Kuala)
  6. Dr. Negina Kencono Putri, M.Si., Akt. (Universitas Jendral Soedirman)
  7. Dr. (cand.)Icuk Rangga Bawono, M.Si., MH., Akt., CA. (Universitas Jendral Soedirman)
  8. Dr. (cand.) Yavida Nurim, M.Si. Akt.(Universitas Janabadra)
  9. Dr. Sri Suryaningsum, M.Si., Akt. (UPN Veteran Yogyakarta)
  10. Dr. I Made Narsa, M.Si., Akt., CMA. (Universitas Airlangga)
  11. Dr. (cand.) Denies Priantinah, M.Si., Akt., CA, (Universitas Negeri Yogyakarta)
  12. Dr. Susi Dwimulyani, MM. Akt. (Universitas Trisakti)
  13. Dr. Khomsiyah, M.Si., Akt. (Universitas Trisakti
  14. Dr. Rahmat Febrianto, M.Si. Akt. (Universitas Andalas)
  15. Dr. Atika Jauharia Hatta, M.Si., Akt. (STIE YKPN)
  16. Yuliansyah, M.S.A., Ph.D, Akt, CA (Universitas Lampung)
  17. Dr. Efraim Ferdinan Giri, M.Si., Akt.(STIE YKPN)