Agus Ismaya  Hasanuddin, 
    The Effect of Institutional Ownership and Voluntary Disclosure on Cost of Debt,
    International Business Management,
    Volume 11,Issue 7,
    2017,
    Pages 1517-1522,
    ISSN 1993-5250,
    ibm.2017.1517.1522,
    (https://makhillpublications.co/view-article.php?doi=ibm.2017.1517.1522)
    Abstract: We examine the effect of institutional ownership and voluntary disclosure on cost of debt for the
population of manufacturing companies listed in the Indonesia Stock Exchange (IDX) from 2006-2010. Voluntary
disclosure is measured using the 32 criteria established by researchers below. The sample of 34 companies is
selected from the population using a purposive sampling method. This study uses secondary data from the IDX
Capital Market Reference Center in the form of annual financial reports from 2006-2010. Statistical testing is by
using multiple regression analysis. This study uses firm size as a control variable. Our results show that
institutional ownership and voluntary disclosure have a negative significant effect on cost of debt that is they
reduce the cost of debt. Meanwhile, the size of a firm does not affect the cost of debt.
    Keywords: Institutional ownership;voluntary disclosure;cost of debt;control variable;ownership;reduce