capitalinformationcostuninformedinvestorsasset InformationandtheCostofCapital DavidEasley DepartmentofEconomics CornellUniversity and MaureenO’Hara JohnsonGraduateSchoolofManagement CornellUniversity November2001 *WewouldliketothankAnatAdmati,ChristopherGadarowski,JerryHass,SoerenHvidkjaer, EugeneKandel,WayneFerson,Rene...
company costaffect assetWe investigate the role of information in affecting a firm's cost of capital. We show that differences in the composition of information between public and private information affect the cost of capital, with investors demanding a higher return to hold stocks with greater ...
We investigate the role of information in affecting a firm's cost of capital. We show that differences in the composition of information between public and private information affect the cost of capital, with investors demanding a higher return to hold stocks with greater private information. This...
aHydrological climate change projections for Central America 水文学气候变化投射为中美洲[translate] aiamhuang911 iamhuang911[translate] aAccounting Information, Disclosure, and the Cost of Capital 帐户信息、透露和集资费用[translate]
We find that the interest margin and the risk affect strongly the capital ratio. They explain the excess of the capital held by the Tunisian banks. So... M Romdhane - 《Social Science Electronic Publishing》 被引量: 11发表: 2012年 Cost of Capital and Investment Dynamic Behaviour of the Tun...
In this paper we examine whether and how accounting information about a firm manifests in its cost of capital, despite the forces of diversification. We build a model that is consistent with the Capital Asset Pricing Model and explicitly allows for multiple securities whose cash flows are correlat...
Firms'Capital Allocation Choices,Information Quality and the Cost of Capital[R].University of Pennsylvania 2004.Leuz, C., and Verrecchia, R. E. (2004). Firms' capital allocation choices, information quality and the cost of capital. ... C Leuz,RE Verrecchia,C Leuz,... - 《Social Science ...
First, we do not have a theory for the link between investors’ welfare and the cost of capital. Second, empirical evidence is disturbingly ambiguous about the relation between the cost of capital and information quality. Finally, theoretical researches have only demonstrated the cost of capital ...
The goal of this paper is to address the value relevance of accounting information, relating to certain fundamental income statement variables for the cost of capital, and consequently, for the market value of industrial firms. The basic methodology follows is related to the panel data analysis as...
Recently, there has been considerable interest among accounting researchers in the relation between asymmetric information and cost of capital. A num- ber of empirical studies document associations between proxies for asym- metric information such as earnings quality and risk premiums. However, the theor...