Financial reporting frequency, information asymmetry, and the cost of equity
Using hand-collected data on firms’ interim reporting frequency from 1951 to 1973, we examine the impact of financial reporting frequency on information asymmetry and the cost of equity. Our results show that higher reporting frequency reduces information asymmetry and the cost of equity, and they a...
Saved in:
| Main Authors: | , , |
|---|---|
| Other Authors: | |
| Format: | Article |
| Language: | English |
| Published: |
2013
|
| Subjects: | |
| Online Access: | https://hdl.handle.net/10356/79478 http://hdl.handle.net/10220/17821 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| Institution: | Nanyang Technological University |
| Language: | English |
| id |
sg-ntu-dr.10356-79478 |
|---|---|
| record_format |
dspace |
| spelling |
sg-ntu-dr.10356-794782023-05-19T06:44:40Z Financial reporting frequency, information asymmetry, and the cost of equity Fu, Renhui Kraft, Arthur Zhang, Huai Nanyang Business School Erasmus University City University London DRNTU::Business::Accounting::Reporting Using hand-collected data on firms’ interim reporting frequency from 1951 to 1973, we examine the impact of financial reporting frequency on information asymmetry and the cost of equity. Our results show that higher reporting frequency reduces information asymmetry and the cost of equity, and they are robust towards considerations of the endogenous nature of firms’ reporting frequency choice. We obtain similar results when we focus on mandatory changes in reporting frequency. Our results suggest the benefits of increased reporting frequency. Accepted version 2013-11-25T03:08:14Z 2019-12-06T13:26:19Z 2013-11-25T03:08:14Z 2019-12-06T13:26:19Z 2012 2012 Journal Article Fu, R., Kraft, A., & Zhang, H. (2012). Financial reporting frequency, information asymmetry, and the cost of equity. Journal of Accounting and Economics, 54(2-3), 132-149. 0165-4101 https://hdl.handle.net/10356/79478 http://hdl.handle.net/10220/17821 10.1016/j.jacceco.2012.07.003 en Journal of accounting and economics © 2012 Elsevier B.V. This is the author created version of a work that has been peer reviewed and accepted for publication by Journal of Accounting and Economics, Elsevier B.V.. It incorporates referee’s comments but changes resulting from the publishing process, such as copyediting, structural formatting, may not be reflected in this document. The published version is available at: [http://dx.doi.org/10.1016/j.jacceco.2012.07.003]. 18 p. application/pdf |
| institution |
Nanyang Technological University |
| building |
NTU Library |
| continent |
Asia |
| country |
Singapore Singapore |
| content_provider |
NTU Library |
| collection |
DR-NTU |
| language |
English |
| topic |
DRNTU::Business::Accounting::Reporting |
| spellingShingle |
DRNTU::Business::Accounting::Reporting Fu, Renhui Kraft, Arthur Zhang, Huai Financial reporting frequency, information asymmetry, and the cost of equity |
| description |
Using hand-collected data on firms’ interim reporting frequency from 1951 to 1973, we examine the impact of financial reporting frequency on information asymmetry and the cost of equity. Our results show that higher reporting frequency reduces information asymmetry and the cost of equity, and they are robust towards considerations of the endogenous nature of firms’ reporting frequency choice. We obtain similar results when we focus on mandatory changes in reporting frequency. Our results suggest the benefits of increased reporting frequency. |
| author2 |
Nanyang Business School |
| author_facet |
Nanyang Business School Fu, Renhui Kraft, Arthur Zhang, Huai |
| format |
Article |
| author |
Fu, Renhui Kraft, Arthur Zhang, Huai |
| author_sort |
Fu, Renhui |
| title |
Financial reporting frequency, information asymmetry, and the cost of equity |
| title_short |
Financial reporting frequency, information asymmetry, and the cost of equity |
| title_full |
Financial reporting frequency, information asymmetry, and the cost of equity |
| title_fullStr |
Financial reporting frequency, information asymmetry, and the cost of equity |
| title_full_unstemmed |
Financial reporting frequency, information asymmetry, and the cost of equity |
| title_sort |
financial reporting frequency, information asymmetry, and the cost of equity |
| publishDate |
2013 |
| url |
https://hdl.handle.net/10356/79478 http://hdl.handle.net/10220/17821 |
| _version_ |
1770564985335840768 |