Journal of Accounting and Economics Vol. 26 No. 1-3 1999
Disclosure and the cost of capital: A discussion
open access
Abstract
In this discussion I comment on the contribution of two papers toward our understanding of how disclosure affects the cost of capital. Specifically, in the context of these papers, I comment on whether disclosure ameliorates or exacerbates the cost of capital that arises from the existence of information asymmetries in capital markets. This is a notion that should be of fundamental interest in that it provides an economic basis for evaluating the costs and benefits of accounting information.
- DOI
- 10.1016/s0165-4101(98)00041-x
- Volume
- 26
- Issue
- 1-3
- Pages
- 271-283
- Language
- en
- Sources
- bibtex:phds-export.bib openalex crossref