The Effect of Institutional Ownership, Voluntary Disclosure, and Tax Avoidance on Cost of Debt

Abstract

This study aims to examine the effect of Institutional Ownership, Voluntary Disclosure, and Tax Avoidance on Cost of Debt in chemical sub-sector manufacturing companies listed on the Indonesia Stock Exchange for the 2019-2023 period. The data used in this study uses secondary data. The data collection method was purposive sampling, which obtained data from 125 chemical sub-sector manufacturing companies listed on the Indonesia Stock Exchange for the 2019-2023 period. The data analysis method used is multiple linear regression using the help of SPSS 30 software. The results of this study indicate that Institutional Ownership have a significant and negative effect on Cost of Debt, Voluntary Disclosure and Tax Avoidance have a significant and positive effect on Cost of Debt. It implicates companies and creditors on management policies, investment decisions, and debt payments.