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Financial Reporting Frequency, Information Asymmetry, and the Cost of Equity
Fu, Renhui - 2013
Using hand-collected data on firms' interim reporting frequency from 1951 to 1973, we examine the impact of financial reporting frequency on information asymmetry and the cost of equity. Our results show that higher reporting frequency reduces information asymmetry and the cost of equity, and...
Persistent link: https://www.econbiz.de/10013092425
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Discussion of "Financial reporting frequency, information asymmetry, and the cost of equity"
Verdi, Rodrigo S. - In: Journal of accounting & economics 54 (2012) 2/3, pp. 150-153
Persistent link: https://www.econbiz.de/10009685237
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Financial reporting frequency, information asymmetry, and the cost of equity
Fu, Renhui; Kraft, Arthur; Zhang, Huai - In: Journal of accounting & economics 54 (2012) 2/3, pp. 132-149
Persistent link: https://www.econbiz.de/10009685241
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Financial Reporting Frequency and Corporate Innovation
Fu, Renhui - 2020
We examine how the regulation of financial reporting frequency affects corporate innovation. We use a difference-in-differences approach based on a sample of treatment firms that experience a change in their reporting frequency and matched industry peers and control firms whose reporting...
Persistent link: https://www.econbiz.de/10012848405
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Conditional Conservatism and the Cost of Equity Capital : Information Precision and Information Asymmetry Effects
Biddle, Gary C. - 2017
capital, arguing that conservatism reduces information risk. Using accounting-based conditional conservatism proxies, however …
Persistent link: https://www.econbiz.de/10012973175
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Analysts’ Estimates of the Cost of Equity Capital
Balakrishnan, Karthik; Shivakumar, Lakshmanan; Taori, … - 2021
We explore a large sample of analysts’ estimates of the cost of equity capital (CoE) to evaluate their usefulness as expected return proxies (ERP). We find that the CoE estimates are significantly related to a firm’s beta, size, book-to-market ratio, leverage, and idiosyncratic volatility...
Persistent link: https://www.econbiz.de/10013251597
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Audit Quality, Accounting Attributes and the Cost of Equity Capital
Li, Yang - 2009
accounting. That is, we expect that in addition to any insurance role, there is at least one component of an auditor's assurance … role that is valued for the mitigation of aggressive accounting. Our results support this prediction using two audit … qualifications provides further evidence of auditor reputation playing a mitigating role on the effect of aggressive accounting on …
Persistent link: https://www.econbiz.de/10013155919
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Accounting Valuation and Cost of Equity Capital Dynamics
Callen, Jeffrey L. - 2015
This paper provides a selective survey of Ohlson and Vuolteenaho-type accounting valuation models. The focus is on the …
Persistent link: https://www.econbiz.de/10013011772
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Full Adoption of IFRS in Brazil : Earnings Quality and Cost of Equity Capital
Silva, Ricardo Menezes - 2014
equity capital of Brazilian public companies in the period of 2000-2011. Given the multidimensionality of accounting … in accounting information quality after IFRS full adoption holds true. On the other hand, the models for analyzing the …
Persistent link: https://www.econbiz.de/10013047040
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The Effect of Blockchain Adoption on Accounting Transparency and Cost of Equity Capital : Early Evidence
Sim, Jae Yeon; Yoo, Yong Keun - 2022
This paper initially attempts to analyze the effects of blockchain technology adoption on accounting transparency and … which guarantees high-level information security that is highly likely to affect accounting information. Therefore, the … adoption is associated with accounting transparency and cost of equity capital. We find that firm’s blockchain adoption …
Persistent link: https://www.econbiz.de/10013305632