The more liquid the capital market, the more attractive it will be for investors to place their money in the capital market. Therefore, the purpose of this study is to investigate the factors that influence stock liquidity of manufacturing sector companies listed on the stock exchange in Indonesia. The independent variables used in this study are forward-looking information disclosure, institutional ownership, foreign ownership, and board activity with information asymmetry as an intervening variable and stock liquidity as the dependent variable. The population of this study is manufacturing sector companies listed on the Indonesian stock exchange (IDX). Samples are selected based on the random sampling method, and the number of samples is calculated based on the Slovin formula. The sample was 59 manufacturers, and data was annual reports (for 2 years) and stock transactions from 2016 to 2017. The results of the study showed that forward-looking information disclosure had a significant effect on information asymmetry. Information asymmetry and foreign ownership have a significant impact on stock liquidity, whereas information asymmetry mediates the relationship between forward-looking disclosures and stock liquidity. Furthermore, the accuracy of information about the certainty of business activity both now and in the future can instill confidence in stakeholders in interacting and cooperating.

The research objective to be achieved is to provide understanding and knowledge to the public, especially investors and creditors about the role of corporate governance (independent commissioners, the audit committee and institutional ownership) and return on assets (ROA) on the timeliness of financial reporting and can use as a reference for further researchers and stakeholders in making relevant and reliable decisions. The Population in this study is a listed mining sector issuer on the Indonesia Stock Exchange conducted for 3 years of observation in 2016 - 2018. Data collection techniques using a purposive sampling method. Analysis of the data used is logistic regression The results showed that only return on assets had a positive and significant effect on the timeliness of financial reporting. While the independent commissioner variable, the size of the audit committee and institutional ownership have an influence but are not significant

This study aimed to examine the effect good corporate governance and intellectual capital disclosure on cost of equity capital. This research was conducted on issues of banking sector in the Indonesia Stock Exchange during the period 2012-2014. The sample of this research totally are 90 data from the banking sector in the Indonesia Stock Exchange with a purposive sampling method. The analytical method used is multiple regression analysis. Statistical t-test was performed before analysis of multiple regression equation, in the first phase of testing performed classical assumption of normality, multicollinearity, heteroscedasticity, and autocorrelation. The next step is to test the hypothesis that is done using the t test to determine the effect of each independent variable. Based on the analysis, it is known that institutional ownership, managerial ownership, the proportion of independent board and the proportion of independent audit committees do not affect the cost of equity capital. While intellectual capital disclosure positive effect on the cost of equity capital. The coefficient of determination that saw the influence of the independent variables used in the study model of the dependent variable was 9.4%, while the rest (90.6%) is explained by other variables. ABSTRAKPenelitian ini bertujuan untuk menguji pengaruh penerapan good corporate governance dan intellectual capital disclosure pada cost of equity capital. Penelitian ini dilakukan pada isu-isu sektor perbankan di Bursa Efek Indonesia selama periode 2012-2014. Sampel penelitian ini berjumlah 90 data dari sektor perbankan di Bursa Efek Indonesia dengan metode pusposive sampling. Metode analisis yang digunakan yaitu analisis regresi berganda. Uji statistik t-test dilakukan sebelum analisis persamaan regresi berganda, pada tahap pertama pengujian dilakukan asumsi klasik normalitas, multikolinieritas, heteroskedastisitas, dan autokorelasi. Langkah selanjutnya adalah menguji hipotesis yang dilakukan dengan menggunakan uji t untuk mengetahui pengaruh masing-masing variabel bebas. Berdasarkan analisis, diketahui bahwa kepemilikan institusional, kepemilikan manajerial, proporsi dewan independen dan proporsi komite audit independen tidak mempengaruhi biaya modal ekuitas. Sedangkan pengungkapan intellectual capital berpengaruh positif terhadap cost of equity capital. Koefisien determinasi yang melihat pengaruh variabel independen yang digunakan dalam model penelitian variabel dependen adalah 9,4%, sedangkan sisanya (90,6%) dijelaskan oleh variabel lain. Kata Kunci : GCG, ICD, COEC Profita: Komunikasi Ilmiah Akuntansi dan Perpajakan p-ISSN: 2086-7662 Vol. 11 No. 3 | Desember 2018 e-ISSN: 2622-1950 360 http://publikasi.mercubuana.ac.id/index.php/profita PENDAHULUAN Sejak krisis ekonomi melanda Indonesia tahun 1997, GCG dinilai semakin penting sebagai pendukung dalam keberlangsungan bisnis perusahaan. Mekanisme good corporate governance yang diterapkan dapat digunakan untuk menurunkan biaya keagenan sehingga dapat menurunkan cost of equity capital. Menurut IICG (20...

The International Integrated Reporting Council (IIRC) in 2013 has formulated the Integrated Report Framework. Integrated reporting provides forward-looking information related to the company's holistic picture, future targets and the relationship between financial performance and non-financial performance. Indonesia does not require companies to report integrated reporting, but many voluntary ones have provided partial disclosures about aspects that are regulated in the integrated report framework. This study aims to provide empirical evidence about the effect of forward-looking disclosure on firm value. The research population is a manufacturing company on the Indonesia Stock Exchange for the 2015 and 2016 annual reports. The sample is selected based on the availability of annual reports accessed through the company's web and the Indonesia Stock Exchange. The population is 144 manufacturing, and sample companies were 70 which was collected for two years, so there were 140 firms' years. The forward-looking measurement is based on the disclosure index. GCG variables are used as control variables because empirically GCG can

<p><em><strong>ABSTRACT: </strong></em><em>Integrity of financial statements is the extent to which financial statements are presented correctly and honestly, where all information concerning financial position, performance and cash flows must be correct because they will be accountable to stakeholders. The research objective to be achieved is to provide understanding and knowledge to the public, especially investors and creditors regarding the disclosure of good corporate governance, leverage and audit quality on the integrity of financial statements.</em><em> </em><em>The method used is quantitative research with secondary data taken from the annual report at idx with data collection techniques using purposive sampling method. Analysis of the data used is panel data by testing the model selection (Chow test, Hausman test and Lagrange Multiplier test). The population in this study is BUMN listed on the Indonesia Stock Exchange which was carried out for 3 years of observation, namely 2017-2019, which amounted to 60 data.</em><em> </em><em>The results of the study show that good corporate governance and audit quality have a positive and significant effect on the integrity of financial statements, while leverage has a negative but not significant effect on the integrity of financial statements.</em></p><p><strong><em>Keywords: </em></strong><em> </em><em>Good Corporate Governance, Leverage, Quality Audit, Integrity of Financial Statements</em></p><p><strong> </strong></p><p><strong>ABSTRAK: </strong>Integritas laporan keuangan merupakan sejauh mana laporan keuangan disajikan secara benar dan jujur, semua informasi yang menyangkut posisi keuangan, kinerja dan arus kas harus sesuai karena akan dipertanggungjawabkan kepada <em>stakeholders</em>. Tujuan penelitian yang ingin dicapai adalah untuk memberikan pemahaman dan pengetahuan kepada masyarakat khususnya investor dan kreditor mengenai pengungkapan <em>good corporate governance</em>,<em> leverage</em> dan kualitas audit terhadap integritas laporan keuangan. Metode yang dipakai adalah penelitian kuantitatif dengan data sekunder yang diambil dari <em>annual report</em> di idx dengan teknik pengumpulan data menggunakan metode <em>purposive sampling</em>. Analisis data yang digunakan yaitu data panel dengan melakukan pengujian pemilihan model (Uji Chow, Uji Hausman dan Uji Lagrange Multiplier). Populasi pada penelitian merupakan BUMN yang terdaftar di Bursa Efek Indonesia yang dilakukan selama 3 tahun pengamatan yaitu tahun 2017-2019 yang berjumlah 60 data. Hasil penelitian menunjukkan bahwa <em>good corporate governance</em> dan kualitas audit berpengaruh positif dan signifikan terhadap integritas laporan keuangan, sedangkan <em>leverage</em> berpengaruh negatif namun tidak signifikan terhadap integritas laporan keuangan.</p><p><strong>Kata Kunci:</strong> GCG, <em>Leverage</em>, Kualitas Audit, Integritas Laporan Keuangan</p><p><strong><br /></strong></p>