Financial reporting frequency, information asymmetry, and the cost of equity

• Main Authors: Fu, Renhui, Kraft, Arthur, Zhang, Huai
• Other Authors: Nanyang Business School
• Format: Article
• Language: English
• Published: 2013
• Subjects: DRNTU::Business::Accounting::Reporting
• Online Access: https://hdl.handle.net/10356/79478; http://hdl.handle.net/10220/17821
• Institution: Nanyang Technological University

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...