Kompleksitas Perusahaan dan Akuntansi Modal Manusia terhadap Biaya Modal
DOI:
https://doi.org/10.31933/5pay9368Keywords:
Kompleksitas Perusahaan, Akuntansi Modal Manusia, Biaya ModalAbstract
Biaya modal perusahaan dipengaruhi oleh karakteristik perusahaan dan informasi yang tersedia bagi investor dalam mengambil keputusan investasi. Ukuran aset yang besar mencerminkan kompleksitas perusahaan yang dapat memengaruhi penilaian risiko dan persepsi investor terhadap biaya modal. Selain itu, pengungkapan akuntansi modal manusia memberikan informasi mengenai nilai dan pengelolaan sumber daya perusahaan. Penelitian ini bertujuan menganalisis pengaruh kompleksitas perusahaan dan akuntansi modal manusia terhadap biaya modal pada perusahaan sektor teknologi, infrastruktur, properti, dan real estat yang terdaftar di Bursa Efek Indonesia periode 2022–2024. Penelitian menggunakan pendekatan kuantitatif dengan data sekunder dari laporan tahunan. Sebanyak 71 perusahaan dipilih melalui purposive sampling dengan 213 observasi dan dianalisis menggunakan regresi data panel dengan EViews 12. Hasil penelitian menunjukkan bahwa kompleksitas perusahaan dan akuntansi modal manusia secara simultan berpengaruh terhadap biaya modal. Secara parsial, kompleksitas perusahaan berpengaruh signifikan, sedangkan akuntansi modal manusia tidak berpengaruh signifikan.
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