Disclosure and the cost of capital: what do we know?

Christine Botosan

Accounting and Business Research, 2006, vol. 36, issue S1, 31-40

Abstract: Whether firms receive cost of capital benefits from greater disclosure is an important and controversial question. This paper reviews the relevant academic research that can provide insights into this question. In conducting this review, my primary objectives are to highlight the implications of existing research for accounting practitioners, standard setters, and academicians, and to address not only the question what do we know, but also the question what do we not know, yet? The overriding conclusion of existing theoretical and empirical research is that greater disclosure reduces cost of capital. Even so, several avenues for future research exist.

Date: 2006
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (68)

Downloads: (external link)
http://hdl.handle.net/10.1080/00014788.2006.9730042 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:acctbr:v:36:y:2006:i:s1:p:31-40

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/RABR20

DOI: 10.1080/00014788.2006.9730042

Access Statistics for this article

Accounting and Business Research is currently edited by Vivien Beattie

More articles in Accounting and Business Research from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().