Ο ρόλος της λογιστικής πληροφόρησης στο κόστος κεφαλαίου : μια θεωρητική και εμπειρική προσέγγιση
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Keywords
Κόστος κεφαλαίου ; Λογιστική πληροφόρηση ; Υπερβάλλουσες αποδόσεις ; Cost of capital ; Accounting informationAbstract
Τhis research investigates the impact of accounting information on the cost of
capital as well as how the latter influences excess returns.
The empirical analysis extends prior works by investigating how components
of accounting information and, especially earnings quality, affect stock returns
through their effect on the cost of capital.
The empirical approach makes use of a sample of 330 US manufacturing
firms, spanning the period 01/01/1990-30/06/2009 as well as the methodology of
panel data.
The empirical findings display that all components of accounting information
affect the firm’s cost of capital, which, in turn, exerts a negative effect on the firm’s
excess returns.
Department
Σχολή Οικονομικών, Επιχειρηματικών και Διεθνών Σπουδών. Τμήμα Οργάνωσης και Διοίκησης ΕπιχειρήσεωνNumber of pages
159Language
GreekCollections
Except where otherwise noted, this item's license is described as
Attribution-NonCommercial-NoDerivatives 4.0 Διεθνές
Attribution-NonCommercial-NoDerivatives 4.0 Διεθνές