Research on the effects of voluntary disclosure quality on the cost of equity capital is often plagued by endogeneity concerns. I use a dynamic panel system GMM estimator to minimize these concerns by incorporating the dynamic nature of voluntary disclosure choices. The dynamic panel system GMM...

The purpose of this paper is to examine empirically the impact of intellectual capital disclosure (IC) on cost of Equity capital. The empirical research is based on companies listed in the French SBF 120 stock market index. The findings confirm our hypotheses that stipulate the existence of a...

Purpose: Drawing on asymmetric information and stakeholder theories, this paper investigates two mechanisms, namely market liquidity and cost of equity capital, by which the carbon information disclosure of enterprises can benefit their value creation. Design/methodology/approach: In this...