Barron, Orie; Sheng, Xuguang; Thevenot, Maya - Department of Economics, George Washington University - 2013
In empirical tests guided by recent theory (e.g., Hughes, Liu and Liu 2007; and Lambert, Leuz and Verrecchia 2012), we examine the joint effects of information asymmetry and information precision on the cost of capital and how these effects vary based on the amount and quality of available...