The joint effect of investor protection, IFRS and earnings quality on cost of capital: An international study

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• 作者：Anthony Persakis^a ; George Emmanuel Iatridis^b ; ^c ; ^{giatridis@econ.uth.gr}
• 关键词：IFRS ; Investor protection ; Accruals quality ; Cost of equity capital ; Cost of debt
• 刊名：Journal of International Financial Markets, Institutions and Money
• 出版年：2017
• 出版时间：January 2017
• 年：2017
• 卷：46
• 期：Complete
• 页码：1-29
• 全文大小：495 K
• 卷排序：46

文摘

The cost of capital is lower after IFRS adoption. A significant negative association has been found between cost of equity capital and earnings quality. The cost of capital is negatively associated with most investor protection indexes. The cost of capital is lower for firms with strong investor protection.