Shareholder rights, financial disclosure and the cost of equity capital
By C. S. A. Cheng, D. Collins, H. Huang. 2006
163 citations recorded by the source corpus.
Subfields: Accounting, Finance
View Paper: https://www.semanticscholar.org/paper/ce3a1ae2adc06f7cec363e05cafbe8e7653102eb
How researchers see this paper
The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.
In Accounting
- E. Webb
- Asli Ascioglu
- Edward F. Nelling
- Gopal V. Krishnan
- John McDermott
- Nadine Lybaert
- S. Hegde
- Walter Aerts
In Finance
- E. Webb
- Asli Ascioglu
- Edward F. Nelling
- Gopal V. Krishnan
- John McDermott
- Nadine Lybaert
- S. Hegde
- Walter Aerts
Citations in the corpus
- Correcting for Cross-Sectional and Time-Series Dependence in Accounting Research (2010, unknown): “2009), and governance quality (e.g., Ashbaugh et al. 2004; Cheng et al. 2006; Hail and Leuz 2006).”
- Earnings management and market liquidity (2012, background): “Cheng et al. (2006) find firms with greater transparency (based on S&P’s financial transparency and information disclosure rankings) combined with stronger shareholder rights are associated with a lower cost of equity capital.”
- Intellectual capital disclosure, cost of finance and firm value (2009, background): “We assume a negative association between these cost of finance proxies and the dispersion in the financial analysts’ earnings forecasts (Khurana and Raman, 2004; Mikhail et al. 2004; Cheng et al., 2006).”
- Corporate Governance, Accounting and Finance: A Review (2011, unknown): “For example, firms that report unusually large accounting adjustments when calculating their earnings, or make fewer disclosures, have a higher cost of equity (Ashbaugh-Skaife et al., 2004; Cheng et al., 2006).”
- Agency Costs of Free Cash Flow and the Effect of Shareholder Rights on the Implied Cost of Equity Capital (2010, unknown): “Cheng, Collins, and Huang (2006) use the implied cost of equity estimated from one of the four models that we use (i.e., OJ (2005)) and test the association between the G-index and this implied cost of equity.”
- Corporate social responsibility and financial performance: the “virtuous circle” revisited (2009, background): “For instance, Cheng et al. (2006) find that firms with strong shareholder rights tend to have a lower cost of equity capital than competing firms, which supports the idea that reducing agency problems between stakeholders and management improves financial performance.”