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Disclosure and the Cost of Capital: Evidence from the Market's Reaction to Firm Voluntary Adoption of IAS

✍ Scribed by Irene Karamanou; George P. Nishiotis


Book ID
111105991
Publisher
John Wiley and Sons
Year
2009
Tongue
English
Weight
232 KB
Volume
36
Category
Article
ISSN
0306-686X

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## Abstract The impact of voluntary disclosures on cost of equity capital is of significant interest to investors and managers. Using a disclosure scoring model this association is examined for 135 banks from Europe, North America and Australia. After controlling for the cross‐sectional variation i