A Re‐examination of Disclosure Level and the Expected Cost of Equity Capital

By Christine A. Botosan, Marlene A. Plumlee. 2002

1,423 citations recorded by the source corpus.

Subfields: Accounting, Finance, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/f6e7beb09661593332b5016795977535f24a27b4

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Citations in the corpus

Undertaking large-scale disclosure studies when AIMR-FAF ratings are not available: the case of prices leading earnings (2003, background): “Botosan and Plumlee (2002) examine the relation between voluntary disclosure and the cost of equity capital, while Sengupta (1998) shows that increased disclosure leads to a lower cost of debt capital.”
On the Use of Instrumental Variables in Accounting Research (2010, result): “The insignificant coefficient is consistent with findings by Botosan and Plumlee (2002).”
How disclosure quality affects the level of information asymmetry (2007, neutral): “22 Botosan and Plumlee (2002) also find a negative association between annual report quality and the”
The post-adoption effects of the implementation of International Financial Reporting Standards in Greece (2010, background): “…of International Financial Reporting Standards (IFRS) by listed firms that operate in member-states of the European Union, as of January 1, 2005, should assist investors in their decision-making and enhance stock market efficiency (Botosan & Plumlee, 2002; Healy & Palepu, 2001; Leuz, 2003).”
Convergence in Environmental Reporting: Assessing the Carbon Disclosure Project (2013, background): “For example, in Botosan and Plumlee (2002), the authors found that reduced capital costs are limited to disclosures in annual reports, and that timely disclosures lead to increased stock price volatility and an increase of capital costs.”
Conference Calls and Information Asymmetry (2004, methodology): “Prior studies, including Botosan (1997), Botosan and Plumlee (2002), and Sengupta (1998), examine the relation between an aggregate measure of disclosure activity and the cost of capital.”
Compliance with IFRS 3- and IAS 36-required disclosures across 17 European countries: company- and country-level determinants (2013, background): “Other studies indicate that there may also be a direct link between disclosure and the cost of capital, i.e. the level of disclosure may be negatively related to the cost of capital (Botosan 1997, Sengupta 1998, Botosan and Plumlee 2002, Hail 2003).”
Aggregated, Voluntary and Mandatory Risk Disclosure Incentives: Evidence from UK FTSE All Share Companies (2013, methodology): “Measuring aggregated, voluntary and mandatory risk disclosures using automated content analysis Previous research has used content analysis to measure corporate disclosure levels (e.g., Botosan, 1997; Botosan and Plumlee, 2002; Beattie et al., 2004, 2008; Hassan et al., 2009; Kothari et al., 2009).”
Bank governance, regulation, supervision, and risk reporting: Evidence from operational risk disclosures in European banks (2013, background): “Second, it lowers investors' uncertainty about firm's expected future cash flows and enables public firms to access external finance at a reasonable cost of capital (Botosan, 1997; Botosan & Plumlee, 2002; Easley & O'Hara, 2004; Kothari, Li, & Short, 2009; Nier & Baumann, 2004).”