Espinosa, Mónica; Trombetta, Marco - In: Journal of Business Finance & Accounting 34 (2007-11) 9-10, pp. 1371-1392
The purpose of this paper is to provide some new evidence on the relationship between disclosure and the cost of equity capital. We propose a new specification for the empirical test based on the idea that in the previous models one crucial variable was missing: accounting policy choice. We test...