developed from the theory of disclosure. Initially, research on this subject is classified into three categories: based on … association, discretion and efficiency. Mathematical relations are shown for each category seeking to represent the disclosure … disclosure process. It is hoped that such models will serve as a theoretical base to develop hypotheses and conduct further …

particular, to assess the level of CG quality, three sub-indexes have been identified: “Disclosure”, “Board of Directors” and … the cost of equity. In particular, the “Disclosure” component is the one mostly affecting the cost of equity. Research …