Kualitas pengungkapan instrumen keuangan pada perusahaan di industri keuangan dan perannya dalam mengurangi asimetri informasi

Deskripsi

The background of this study was the issuance of a new regulation that regulates the disclosure of financial instruments in more detail, which is SFAS 60. This research is focused on two things which are empirically proving the difference in the level of financial instruments disclosure on the period before and after implementation of PSAK 60 and how the financial instruments disclosure level affect the level of information asymmetry which is measured by three measures which are bid-ask spread, share price volatility, and trading volume. This research find there is an increase in financial instruments disclosure level on the period after implementation of PSAK 60. This research also finds a significant negative association between financial instruments disclosure level and bid-ask spread and a significant positive association with trading volume. As for the last measure, which is share price volatility, there is no significant association.Ada tabel