The endogeneity bias in the relation between cost-of-debt capital and corporate disclosure policy

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The impact of voluntary disclosure on cost of equity capital estimates in a temporal setting (2007, background): “Ohlson (1995) and Feltham and Ohlson (1995) introduced the clean-surplus relation (CSR), where the book value in period t consists of the book value in the previous period modified by the difference in earnings and dividends paid at the end of period t:”
Does mandatory IFRS adoption facilitate debt financing? (2015, methodology): “O-Score Ohlson’s (1980) measure of default risk, computed as O = −1.”
A theory of voluntary disclosure and cost of capital (2013, background): “Barth, Landsman, Lang, and Williams (2007) find evidence that firms applying IAS generally have higher value-relevant information than domestic standards. Leuz and Verrecchia (2000) report that a sample of firms voluntarily switching from German to international standards decreased their cost of cap”
Effect of Derivative Accounting Rules on Corporate Risk-Management Behavior (2009, background): “19 Nikolaev and Lent (2005) argue that “The mere fact that some variable represents a decision to the firm is not in itself sufficient for ‘econometric endogeneity’ to arise.”