Please use this identifier to cite or link to this item: https://hdl.handle.net/10356/79478
Title: Financial reporting frequency, information asymmetry, and the cost of equity
Authors: Fu, Renhui
Kraft, Arthur
Zhang, Huai
Keywords: DRNTU::Business::Accounting::Reporting
Issue Date: 2012
Source: 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.
Series/Report no.: Journal of accounting and economics
Abstract: 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.
URI: https://hdl.handle.net/10356/79478
http://hdl.handle.net/10220/17821
ISSN: 0165-4101
DOI: 10.1016/j.jacceco.2012.07.003
Schools: Nanyang Business School 
Organisations: Erasmus University
City University London
Rights: © 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].
Fulltext Permission: open
Fulltext Availability: With Fulltext
Appears in Collections:NBS Journal Articles

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