Institutional Ownership Stability and the Cost of Debt

2006 ◽  
Author(s):  
Elyas Elyasiani ◽  
Jingyi (Jane) Jia ◽  
Connie X. Mao
Keyword(s):  
Institutional Ownership ◽  
Cost Of Debt ◽  
Ownership Stability ◽  
The Cost

Institutional ownership stability and the cost of debt

2010 ◽  
Vol 13 (4) ◽  
pp. 475-500 ◽  
Author(s):  
Elyas Elyasiani ◽  
Jingyi (Jane) Jia ◽  
Connie X. Mao
Keyword(s):  
Institutional Ownership ◽  
Cost Of Debt ◽  
Ownership Stability ◽  
The Cost

scholarly journals PENGARUH PENGHINDARAN PAJAK TERHADAP BIAYA HUTANG DAN KEPEMILIKAN INSTITUSIONAL SEBAGAI PEMODERASI

2019 ◽  
Vol 21 (1) ◽  
pp. 47-60
Author(s):  
FAHREZA UTAMA ◽  
DWI JAYA KIRANA ◽  
KORNEL SITANGGANG
Keyword(s):  
Sampling Method ◽  
Stock Exchange ◽  
Tax Avoidance ◽  
Institutional Ownership ◽  
Cost Of Debt ◽  
Effective Tax Rate ◽  
Tax Rate ◽  
Section Data ◽  
The Cost ◽  
The Relationship

The aim of this study is to test the influence of tax avoidance towards the cost of debt moderated by institutional ownership. In this research, tax avoidance measured by proxy of Book Tax Different (BTD) and Cash Effective Tax Rate (CETR). The population in this research is manufacturing firms that listed on Indonesia Stock Exchange (IDX) with 2015-2017 time periods. The amount of sample before outlier is 198 datas collected with purposive sampling method, then the amount of sample after outlier is 187 datas for first model and 186 datas for second model. Cross section data is used in this research. Multiple linear regression, determination coefficients, and partial test (t-test) is used with some help of programming data using SPSS (Statistical Product and Service Solution) 23th version to analize in this research. The result of this study indicate tax avoidance has not significant influence towards the cost of debt, and institutional ownership can’t moderate the relationship between tax avoidance and the cost of debt.

scholarly journals PENGARUH PENGHINDARAN PAJAK, KEPEMILIKAN INSTITUSIONAL, DAN PROFITABILITAS TERHADAP BIAYA HUTANG (Studi Empiris Pada Perusahaan Manufaktur Yang Terdaftar Di BEI Periode 2011-2015)

2019 ◽  
Vol 7 (1) ◽  
pp. 58-69
Author(s):  
Elvis Nopriyanti Sherly ◽  
Desi Fitria
Keyword(s):  
Stock Exchange ◽  
Tax Avoidance ◽  
Institutional Ownership ◽  
Cost Of Debt ◽  
Effective Tax Rate ◽  
Return On Assets ◽  
Tax Rate ◽  
Negative Effect ◽  
Internal Funds ◽  
The Cost

The purpose of this study is to prove the effect of tax avoidance, institutional ownership, and profitability on cost of debt. The sample consisted of 71 manufactured firms in listed in Indonesian Stock Exchange from 2011-2015 by using a purposive sampling method. The results of the study showed that the tax avoidance had negative effect on cost of debt. The meaning is getting smaller Cash Effective Tax Rate the cost of debt incurred greater. The results of this study also showed that the institutional ownership doesn’t had effect on cost of debt. Furthermore, the result of Return on Assets (ROA) as proxy profitability had a negative effect on cost of debt. The meaning that the higher the profitability of the company then the company will have a high internal funds that can be used in making the use of debt financing is getting smaller which causes the cost of debt also becomes smaller.

scholarly journals PENGARUH KUALITAS AUDIT DAN KEPEMILIKAN INSTITUSIONAL TERHADAP COST OF DEBT (Studi Empiris Pada Perusahaan Manufaktur Yang Terdaftar Di BEI Periode 2012-2015)

2019 ◽  
Vol 7 (1) ◽  
pp. 1-9
Author(s):  
Anton Robiansyah ◽  
Dwi Novita ◽  
Furqonti Ranidiah
Keyword(s):  
Audit Quality ◽  
Stock Exchange ◽  
Sampling Technique ◽  
Institutional Ownership ◽  
Least Square ◽  
Cost Of Debt ◽  
Analysis Tool ◽  
Manufacturing Companies ◽  
Significance Level ◽  
The Cost

Anton Robiansyah, Dwi Novita, Furqonti Ranidiah; This study aims to analyze the effect of audit quality and institutional ownership on the cost of debt. The population in this study are all manufacturing companies listed on the Stock Exchange in 2011-2014. The type of research used in this study is empirical research. The sampling technique used was purposive sample and selected 72 unit analysis companies. The data analysis tool in this test uses OLS (ordinary least square), which wants to see the effect of audit quality and institutional ownership on the cost of debt.Based on the results of this study indicate that audit quality has a negative effect on the cost of debt with a significance level of 0.014 which means that the company that chooses the BIG4 KAP has a good reputation and this is seen as a positive thing for the creditor. Whereas institutional ownership does not affect the cost of debt with a significance level of 0.847 indicating that the presence or absence of institutional ownership of companies - companies in Indonesia does not affect the institutional ownership relationship and the cost of debt.

scholarly journals Factors Affecting The Cost of Debt in Companies Listed within Kompas 100

2016 ◽  
Vol 7 (1) ◽  
pp. 17
Author(s):  
Muhamad Septian ◽  
Rosinta Ria Panggabean
Keyword(s):  
Sampling Method ◽  
Institutional Ownership ◽  
Cost Of Debt ◽  
Family Ownership ◽  
Managerial Ownership ◽  
Factors Affecting ◽  
Good Corporate Governance ◽  
Negative Effect ◽  
The Cost ◽  
Positive Effect

This study aims to determine the effect of Good Corporate Governance (GCG) which is proxied through the proportion of independent commissioners, managerial ownership, institutional ownership, quality audits, and family ownership on the cost of debt. The objects of this study are companies listed in Kompas 100 from the period of August 2013-January 2014. The method used to take samples of the study using purposive sampling method. Data analysis methods used are descriptive statistics, the classical assumption test, and hypotheses test. Based on the results of hypothesis testing that performed by using multiple regression analysis at the 0.05 significant level, the results of this study prove that the proportion of independent commissioners has a significant negative effect on the cost of debt. Also, managerial ownership has a significant positive effect on the cost of debt. On the other hand, institutional ownership, quality audits, and family ownership have no significant effect the cost of debt.

scholarly journals DAMPAK RISIKO PAJAK DAN FAKTOR LAIN TERHADAP BIAYA MODAL PERUSAHAAN MANUFAKTUR

2020 ◽  
Vol 20 (1) ◽  
pp. 83
Author(s):  
Dewi Kusuma Wardani
Keyword(s):  
Firm Size ◽  
Sampling Method ◽  
Audit Quality ◽  
Cost Of Capital ◽  
Institutional Ownership ◽  
Cost Of Debt ◽  
Linear Regression Method ◽  
Big 4 ◽  
Risk Variable ◽  
The Cost

<em>This research examined tax risk, audit quality, institutional ownership, and firm size on cost of capital. We used listed manufacture companies in Indonesia during 2013-2017. Based on purposive sampling method was obtained 48 companies. Tax risk variable is proxy by CETR, audit quality is proxy by KAP Big 4, institutional ownership uses a percentage of the amount spent by reserves, firm size by Ln total asset. The dependent variable is proxy by the cost of debt. We used multiple linear regression method. The research found that the tax risk and audit quality have negatif effect on cost of capital. While, institutional ownership and firm size do not have significant effect on the cost of capital.</em>

scholarly journals PENGARUH TAX AVOIDANCE DAN KEPEMILKAN INSTITUSIONAL TERHADAP COST OF DEBT PADA PERUSAHAAN MAKANAN DAN MINUMAN

2021 ◽  
Vol 5 (2) ◽  
pp. 201-219
Author(s):  
Assyifayufi Khoirul Nisa ◽  
Sartika Wulandari
Keyword(s):  
Quantitative Methods ◽  
Tax Avoidance ◽  
Institutional Ownership ◽  
Cost Of Debt ◽  
Annual Data ◽  
Manufacturing Companies ◽  
Partial Regression Coefficient ◽  
Independent Variables ◽  
Food And Beverage ◽  
The Cost

This study aims to examine the effect of Tax Avoidance and Institutional Ownership on the Cost of Debt in food and beverage sub-sector manufacturing companies listed on the Indonesian Stock Foam for the 2016-2019 Period. The research methodology used is quantitative methods and the data source comes from secondary data obtained from the Indonesia Stock Exchange. The sampling technique used the purposive sampling method with annual data and the research period from 2016 to 2019. The data analysis technique used was multiple linear regression by conducting normality tests, classical assumption tests (multicollinearity test, autocorrelation test, heteroscedasticity test) and hypothesis testing. using the T test to test the partial regression coefficient and the F test to test the significance of the effect together with a significance level of 5%. The results of this study indicate that partially the independent variables Tax Avoidance and Institutional Ownership have a significant negative effect on the Cost of Debt in the food and beverage sub-sector manufacturing companies listed on the IDX 2016-2019. Meanwhile, simultaneously the independent variables consisting of Tax Avoidance and Institutional Ownership have a significant effect on the Cost of Debt in the food and beverage sub-sector manufacturing companies listed on the IDX 2016-2019.

scholarly journals FAKTOR - FAKTOR YANG MEMPENGARUHI BIAYA UTANG PADA PERUSAHAAN DALAM KOMPAS 100

2017 ◽  
Vol 22 (1) ◽  
Author(s):  
Muhamad Septian ◽  
Rosinta Ria Panggabean
Keyword(s):  
Sampling Method ◽  
Institutional Ownership ◽  
Descriptive Statistics ◽  
Cost Of Debt ◽  
Family Ownership ◽  
Managerial Ownership ◽  
Good Corporate Governance ◽  
Negative Effect ◽  
The Cost ◽  
Data Analysis Methods

This study aims to determine the effect of Good Corporate Governance (GCG) which is proxied through: the proportion of independent commissioners, managerial ownership, institutional ownership, quality audits, and family ownership on the cost of debt. The objects of this study are companies listed in Compass 100 period August 2013 January 2014. The method used to take samples of the study using purposive sampling method. Data analysis methods used are descriptive statistics, the classical assumption test, and hypotheses test. Based on the results of hypothesis testing that performed by using multiple regression analysis at the 0.05 significant level, the results of this study prove that the proportion of independent commissioners has a significant negative effect on the cost of debt. Managerial ownership has a positive significant effect on the cost of debt. Institutional ownership, quality audits, and family ownership has no significant effect the cost of debt.

scholarly journals TAX AVOIDANCE DAN KARAKTERISTIK OPERASIONAL PERUSAHAAN TERHADAP BIAYA HUTANG

2021 ◽  
Vol 13 (1) ◽  
pp. 17-31
Author(s):  
Wiwi Idawati ◽  
Fandi Wisudarwanto
Keyword(s):  
Cash Flow ◽  
Stock Exchange ◽  
Tax Avoidance ◽  
Secondary Data ◽  
Sampling Technique ◽  
Institutional Ownership ◽  
Cost Of Debt ◽  
Property Companies ◽  
Operating Cash Flow ◽  
The Cost

Abstract ˗ The purpose of this research is to obtain empirical evidence of the effect of Tax Avoidance, Institutional Ownership, Operating Cash Flow and Leverage on the Cost of Debt. This study uses a causal-comparative research method with secondary data obtained from the financial statements of property companies. The population in this study were 49 property companies listed on the Indonesia Stock Exchange. The sampling technique was purposive sampling in order to obtain a representative sample of 17 property companies. This study uses multiple regression analysis to test the hypothesis. Based on the research results indicate that Tax Avoidance and Operating Cash Flow do not have a significant effect on the cost of debt and collectively tax avoidance, institutional ownership, operating cash flow, leverage simultaneously affect the cost of debt.   Keywords: Tax Avoidance; Institutional Ownership; Operating Cash Flow; Leverage; Cost of Debt

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