The Effect of Readability of Annual Reports and Value Relevance of Financial Information on Agency Costs with Analyst Coverage as Moderating Variable

This study aims to determine the effect of readability based on length annual report and value relevance financial information agency costs. The sample used in this were 263 firm-year from Kompas100 index. Data analyzed using multiple linear regression method. result indicate that higher number pages, words characters, which reflects poor report, has a negative asset turnover ratio, is an inverse proxy for Furthermore, presence analyst coverage variable able moderate positive between characters ratio. However, no significant was found during both test ratio are moderated by coverage.