The Influence of the Investment Policy and Information Asymmetry

Dwijayani, Henny and Surachman, Surachman and Sumiati, Sumiati and Djawahir, Achmad Helmy (2017) The Influence of the Investment Policy and Information Asymmetry. International Journal of Economic Perspectives, 11 (3). pp. 2036-2042. ISSN 1307-1637

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Abstract

There is argument about the company's financial decision-making based on information asymmetry. The existence of information asymmetry between company managers and shareholders pushed the company decided to analyze the effect of the policy manager is selected. This study aims to examine investment decisions and the information asymmetry that affects the value of the company. The study was conducted at the company's property and real estate by taking 110 samples of 22 companies listed on the stock exchanges of Indonesia. While the sampling period for 5 years from 2011 to 2015, our empirical findings show that the asymmetry of information does not affect the value of the company, because these effects decrease with their investment policies. We also found that investment has a positive impact on firm value.

Item Type: Article
Subjects: H Social Sciences > HB Economic Theory
H Social Sciences > HG Finance
Divisions: Fakultas Ekonomi > Manajemen
Depositing User: undar undar undar
Date Deposited: 15 Jul 2021 15:53
Last Modified: 26 Jul 2021 04:45
URI: http://repository.undar.ac.id/id/eprint/192

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