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Disclosure Incentives and Effects on Cost of Capital around the World

โœ Scribed by Francis, Jere R.; Khurana, Inder K.; Pereira, Raynolde


Book ID
120033214
Publisher
American Accounting Association
Year
2005
Tongue
English
Weight
277 KB
Volume
80
Category
Article
ISSN
0001-4826

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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