Publication
Title
Web-based non-financial disclosure and cost of finance
Author
Abstract
Abstract:  We study the association of Web‐based non‐financial disclosure and a firm's cost of finance within an international context (North America and Continental Europe). We examine voluntary Web placement of non‐financial disclosures using an information index covering a firm's value creation process. We find a negative association between the level of Web‐based non‐financial disclosure and the implied cost of equity capital in North America and in Continental Europe. Continental European firms with higher levels of Web‐based non‐financial disclosure also tend to benefit from a lower information asymmetry and from a lower cost of debt capital, whereas North American firms do no
Language
English
Source (journal)
Journal of business finance & accounting. - Oxford
Publication
Oxford : 2010
ISSN
0306-686X [print]
1468-5957 [online]
Volume/pages
37:9/10(2010), p. 1057-1093
ISI
000285767300002
Full text (Publisher's DOI)
Full text (publisher's version - intranet only)
UAntwerpen
Faculty/Department
Research group
Publication type
Subject
Affiliation
Publications with a UAntwerp address
External links
Web of Science
Record
Identification
Creation 10.01.2011
Last edited 05.08.2017
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