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Disclosure and cost of equity capital in emerging markets: The Brazilian case

✍ Scribed by Alexsandro Broedel Lopes; Roberta Carvalho de Alencar


Book ID
113662761
Publisher
Elsevier Science
Year
2010
Tongue
English
Weight
231 KB
Volume
45
Category
Article
ISSN
0020-7063

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We test the relation between financial and social disclosure and the cost of equity capital for a sample of Canadian firms with year-ends in 1990, 1991 and 1992. We find that, consistent with prior research, the quantity and quality of financial disclosure is negatively related to the cost of equity