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The DOI matches its Crossref record; 21 of the 21 references it cites were found in a registry or an index.

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

Open access
Botosan, Christine A., Plumlee, Marlene A.·2002·Journal of Accounting Research
DOI 10.1111/1475-679x.00037
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Abstract

This paper examines the association between the cost of equity capital and levels of annual report and timely disclosure, and investor relations activities. We estimate the cost of equity capital using the classic dividend discount model. We find that the cost of equity capital decreases in the annual report disclosure level but increases in the level of timely disclosures. The latter result is contrary to theory but is consistent with managers’ claims that greater timely disclosures may increase the cost of equity capital, possibly through increased stock price volatility. We find no association between the cost of equity capital and the level of investor relations activities. We conclude that aggregating across different disclosure types results in a loss of information. Failing to include all disclosure types in regression analyses may lead to a correlated omitted variable bias and erroneous conclusions.

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Metadata

Authors
Botosan, C. A., & Plumlee, M. A.
Venue
Journal of Accounting Research
Publisher
Wiley
Published
2002-03
Volume
40
Issue
1
Pages
21-40
ISSN
  • 0021-8456 (ISSN-L)
  • 1475-679X
DOI
10.1111/1475-679x.00037
OpenAlex
W2090815169
Cited by
1,456
References
21
FWCI
103.01
Type
journal article
Language
en
Open access
bronze

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CoChat. (2026). Citation check: A Re‐examination of Disclosure Level and the Expected Cost of Equity Capital. https://app.cochat.ai/papers/10.1111/1475-679x.00037
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Botosan, C. A., & Plumlee, M. A. (2002). A Re‐examination of Disclosure Level and the Expected Cost of Equity Capital. Journal of Accounting Research. https://doi.org/10.1111/1475-679x.00037

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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

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