Khurana, Inder K.; Pereira, Raynolde; Martin, Xiumin - In: Journal of Financial and Quantitative Analysis 41 (2006) 02, pp. 357-380
Extant theoretical research posits that information asymmetry and agency issues affect the cost of external financing and hence impact the ability of firms to finance their growth opportunities. In contrast, the literature on disclosure policy posits that expanded and credible disclosure lowers...