Disclosure and the Cost of Capital: Evidence from Firms' Responses to the Enron Shock
收藏NBER2009-04-01 更新2025-01-04 收录
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https://www.nber.org/papers/w14897
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资源简介：
This paper examines the link between disclosure and the cost of capital. We exploit an exogenous cost of capital shock created by the Enron scandal in Fall 2001 and analyze firms' disclosure responses to this shock. These tests are opposite to the typical research design that analyzes cost of
提供机构：
美国国家经济研究局
创建时间：
2009-04-01
