Management earnings forecast disclosure policy and the cost of equity capital
β Scribed by Stephen P. Baginski; Kenneth C. Rakow Jr.
- Book ID
- 113078674
- Publisher
- Springer US
- Year
- 2011
- Tongue
- English
- Weight
- 421 KB
- Volume
- 17
- Category
- Article
- ISSN
- 1380-6653
No coin nor oath required. For personal study only.
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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