Information Asymmetry, Ownership Structure and Cost of Equity Capital: The Formation for Open Innovation

Our study aims to investigate how information asymmetry and ownership structure affect cost of equity capital. For that purpose, we collected 246 issuers over 4 years for a total 984 observations. By using panel data processing, found the proxied through Price non-Synchronization trading volume had an effect on results also confirmed both Agency Theory Pecking Order Theory. Both theories are in line with conditions stock market Indonesia. In addition, institutional foreign structures Furthermore, our Interest Alignment Entrenchment research is expected contribute debate existence relation We hope it will be valuable input investors considering their investment. Moreover, from this study, can consider or determining regulators Indonesia develop approaches minimize encourage invest