کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
1003249 937561 2006 23 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Voluntary disclosure and information asymmetry in Denmark
موضوعات مرتبط
علوم انسانی و اجتماعی مدیریت، کسب و کار و حسابداری حسابداری
پیش نمایش صفحه اول مقاله
Voluntary disclosure and information asymmetry in Denmark
چکیده انگلیسی

This paper examines if the level of voluntary disclosure affects information asymmetry for industrial companies listed on the Copenhagen Stock Exchange. Economic theory suggests that disclosing more information should lower the information asymmetry component of a firm's cost of capital [Leuz, C., & Verrecchia, R. E. (2000)]. The results indicate that voluntary disclosure is negatively associated with proxies for information asymmetry. The results are robust even after controlling for various firm characteristics introduced in related literature. Despite differences in institutional settings the findings in our paper are similar to the ones based on US data.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of International Accounting, Auditing and Taxation - Volume 15, Issue 2, 2006, Pages 127–149
نویسندگان
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