Yogyakarta – Monday, December 16th 2019. Wawan Sadtyo Nugroho, M.Sc., Ak., CA., became a candidate for the open defense doctoral examination in the Master of Science and Doctoral Program at the Faculty of Economics and Business, Universitas Gadjah Mada (MD FEB UGM). The Accounting Lecturer at the University of Muhammadiyah Magelang is one of a Doctor of Accounting student and officially holds the 4705th doctoral degree at Universitas Gadjah Mada, and the 282nd at the Faculty of Economics and Business UGM with a very satisfying predicate. The promoter team consists of Prof. Dr. Bambang Riyanto LS, MBA., As a promoter, Dr. Supriyadi, M.Sc. as a co-promoter.
The doctoral promotion open defense was opened by the chairman of the examining team Sony Warsono, MAFIS., Ph.D., Chair of the Accounting Department, FEB UGM, and was attended by a team of promoters. Also, there was a team of examiners and assessment teams namely Suyanto, MBA., Ph.D., Dr. Dwi Ratmono, M.Sc., Prof. Suwardjono, M.Sc., Ph.D., and Zuni Barokah, M.Com., Ph.D. The promoter team, examiner team, and assessment team tested Wawan Sadtyo Nugroho, M.Sc., Ak., CA., by asking questions for 1 hour lasted.
With the title “The Effects of Voluntary Disclosure of Intellectual Capital on Equity Cost: Theory of Ownership Cost”, this study uses a purposive sampling method from companies listed on the Indonesia Stock Exchange (except the financial industry companies) during the 2013-2017 period. Corporate equity costs can be minimized through disclosure of intellectual capital and the quality of information depends on the cost of ownership, information costs, and the relevance of information. This study aims to provide empirical evidence by analyzing the intellectual capital disclosure model of the equity cost based on signaling theory and ownership costing theory. Furthermore, using moderation regression and hypothesis testing with the test of comparison coefficients across regressions, the test results show that increasing voluntary intellectual capital disclosure can reduce equity costs. Low cost of ownership can strengthen the negative influence of intellectual capital disclosure on equity cost. Furthermore, low-cost information cannot strengthen the negative effect of intellectual capital disclosure on equity costs. The relevance of high information cannot strengthen the negative effect of intellectual capital disclosure on equity costs.
Dr. Supriyadi, M.Sc.., As the co-promoter congratulated and advised Dr. Wawan Sadtyo Nugroho, M.Sc., Ak., CA., to always uphold noble and highly educated morals at the close of the open promotion exam. (RP)
#proudtbemd #febugm
