Reducing Cost of Capital. Do Voluntary Disclosure and Accounting Conservatism Contribute?

被引：3

作者：

Alia, Muiz Abu ^{[1
,2
]}

Abusarees, Alaa Khaled ^{[2
]}

机构：

[1] An Najah Natl Univ, Fac Econ & Social Sci, Accounting Dept, Nablus, Palestine

[2] An Najah Natl Univ, Fac Econ & Social Sci, Nablus, Palestine

来源：

FIIB BUSINESS REVIEW | 2023年

关键词：

Accounting conservatism; voluntary disclosure; cost of capital; information quality; political instability; CORPORATE GOVERNANCE; INFORMATION; EARNINGS; TIMELINESS; IMPACT; RETURN; LEVEL;

D O I：

10.1177/23197145221145753

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Theoretically, accounting conservatism and voluntary disclosure may be used as means to reduce cost of equity. Supportive evidence has been provided by the majority of studies, especially in developed countries. We address this issue by focusing on an underdeveloped country with political instability. The impact of accounting conservatism and voluntary disclosure on cost of capital is estimated using the data belongs to all companies listed on the Palestine Exchange during the period from 2015 to 2019. The results confirm the negative influence of voluntary disclosure and accounting conservatism on cost of capital.

引用

页数：11

共 36 条

[21] Corporate carbon risk, voluntary disclosure, and cost of capital: South African evidence
Lemma, Tesfaye T.
Feedman, Martin
Mlilo, Mthokozisi
Park, Jin Dong
BUSINESS STRATEGY AND THE ENVIRONMENT, 2019, 28 (01) : 111 - 126
[22] Endogeneity and the Dynamics of Voluntary Disclosure Quality: Is there Really an Effect on the Cost of Equity Capital?
Eugster, Florian
CONTEMPORARY ACCOUNTING RESEARCH, 2020, 37 (04) : 2590 - 2614
[23] Fair Value Accounting and the Cost of Equity Capital: The Moderating Effect of Risk Disclosure
Dignah, Ashwag
Latiff, Radziah Abdul
Karim, Zulkefly Abdul
Rahman, Aisyah Abdul
THE 17TH ANNUAL CONFERENCE OF THE ASIAN ACADEMIC ACCOUNTING ASSOCIATION (2016 FOURA CONFERENCE), 2017, 34
[24] Internal control quality, voluntary disclosure, and cost of equity capital: The case of an unregulated market
Khlif, Hichem
Samaha, Khaled
Soliman, Mark
INTERNATIONAL JOURNAL OF AUDITING, 2019, 23 (01) : 144 - 160
[25] Recursive correlation between voluntary disclosure, cost of capital, information asymmetry, and firm value
Diantimala, Yossi
Syahnur, Sofyan
Islahuddin, Islahuddin
COGENT BUSINESS & MANAGEMENT, 2022, 9 (01):
[26] Voluntary Nonfinancial Disclosure and the Cost of Equity Capital: The Initiation of Corporate Social Responsibility Reporting
Dhaliwal, Dan S.
Li, Oliver Zhen
Tsang, Albert
Yang, Yong George
ACCOUNTING REVIEW, 2011, 86 (01): : 59 - 100
[27] An Empirical Study on the Relationship between Accounting Conservatism and Cost of Equity Capital - Evidence from China
Fu, Xiang
Liu, Shiping
PROCEEDINGS OF THE 2017 INTERNATIONAL CONFERENCE ON EDUCATION, CULTURE AND SOCIAL DEVELOPMENT (ICECSD 2017), 2017, 80 : 79 - 84
[28] Voluntary disclosure of investment forecasts and the cost of capital: evidence from the treatment effect estimates model
Shimada, Yoshinori
ASIA-PACIFIC JOURNAL OF ACCOUNTING & ECONOMICS, 2020, 27 (04) : 472 - 489
[29] Disclosure and the Cost of Capital: Evidence from the Market's Reaction to Firm Voluntary Adoption of IAS
Karamanou, Irene
Nishiotis, George P.
JOURNAL OF BUSINESS FINANCE & ACCOUNTING, 2009, 36 (7-8) : 793 - 821
[30] Do IFRS disclosure requirements reduce the cost of capital? Evidence from Australia
Saha, Amitav
Bose, Sudipta
ACCOUNTING AND FINANCE, 2021, 61 (03): : 4669 - 4701

← 1 2 3 4 →