Gotti, Giorgio; Mastrolia, Stacy - In: The International Journal of Accounting 49 (2014) 2, pp. 190-220
We examine whether the information risk accompanying Foreign Private Issuers' (FPIs) exemptions from the U.S. Securities and Exchange Commission (SEC) reporting requirements is associated with capital market penalties (measured by a higher cost of equity capital) and, further, the extent to...