Poshakwale, Sunil; Courtis, John K. - In: Managerial and Decision Economics 26 (2005) 7, pp. 431-444
The impact of voluntary disclosures on cost of equity capital is of significant interest to investors and managers. Using a disclosure scoring model this association is examined for 135 banks from Europe, North America and Australia. After controlling for the cross-sectional variation in beta,...