The present essay is based on the paper by Verrecchia (2001) and seeks to present and discuss the analytical models developed from the theory of disclosure. Initially, research on this subject is classified into three categories: based on association, discretion and efficiency. Mathematical...

This paper investigates and correlates disclosure level with cost of capital for Brazilian companies. Theory says that better disclosure results in reduced cost of capital, and prior studies in other countries confirm the theory, but there are reasons to believe that the same effect is not...