Relationship between Cost of Equity Capital and Voluntary Corporate Disclosures
نویسندگان
چکیده
منابع مشابه
Relationship between Cost of Equity Capital And Voluntary Corporate Disclosures
The relationship between disclosure and cost of equity capital has always been interesting not only for managers, but for investors as well. Economic theory suggests that by increasing the level of corporate reporting firms not only increase their stock market liquidity, but they also decrease the investors’ estimation risk, arising from uncertainty about future returns and payout distributions...
متن کاملVoluntary Disclosures and Corporate Control
We examine the valuation and capital allocation roles of voluntary disclosure when managers have private information regarding the firm’s investment opportunities, but an efficient market for corporate control influences their investment decisions. For managers with long-term stakes in the firm, the equilibrium disclosure region is two-tailed: only extreme good news and extreme bad news is disc...
متن کاملVoluntary Corporate Disclosures by UK Companies
This paper models the arrival rate of voluntary news announcements of the FTSE AllShare firms. We test to see if the earnings environment affects the volume of news announcements that firms release to the stock market. We also examine whether the other factors such as the size of a firm and the external coverage a firm receives affects the pattern of news disclosures. Our results show that firm...
متن کاملThe Role of Managers Ownership in the Relationship between the Disclosure of Corporate Ethical & Social Responsibility & Cost of Equity
Background: Accurate and timely disclosure of information is one of the most important tools for company managers to reduce the cost of capital. The purpose of this study is to investigate the role of managerschr('39') ownership in the relationship between the disclosure of corporate social and moral responsibility and the cost of equity in companies listed on the Tehran stock exchange. Method...
متن کاملThe Relationship between Corporate social Responsibility and Equity Costs, Considering the Protection of Investors
The cost of equity plays a crucial role in financing and investment decisions. Investors tend to invest in stocks of companies which their cost of equity is low, therefore, factors affecting the cost of equity are important from both theoretical and practical point of view. Corporate social responsibility activities can reduce equity costs. But this can be achieved within the mechanism of prote...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: International Journal of Economics and Finance
سال: 2012
ISSN: 1916-9728,1916-971X
DOI: 10.5539/ijef.v4n3p83