Conditional conservatism and cost of capital
نویسندگان
چکیده
منابع مشابه
Accounting conservatism and the cost of capital: international analysis∗
This study examines the contracting benefits of accounting conservatism on international debt and equity markets. Results show that firms domiciled in countries with more conservative financial reporting systems have significantly lower cost of debt and equity capital, after controlling for differences in legal institutions and securities regulations. I use one-year-ahead interest rate to measu...
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ژورنال
عنوان ژورنال: Review of Accounting Studies
سال: 2010
ISSN: 1380-6653,1573-7136
DOI: 10.1007/s11142-010-9133-4