메뉴 건너뛰기




Volumn 15, Issue 2, 2008, Pages 69-90

Does Information Risk Really Matter? An Analysis of the Determinants and Economic Consequences of Financial Reporting Quality

Author keywords

cost of capital; financial reporting quality; idiosyncratic risk; information risk

Indexed keywords


EID: 76849088965     PISSN: 16081625     EISSN: 21642257     Source Type: Journal    
DOI: 10.1080/16081625.2008.9720812     Document Type: Article
Times cited : (68)

References (30)
  • 1
    • 0035217309 scopus 로고    scopus 로고
    • Accruals and the Prediction of Future Cash Flows
    • Barth, M., Cram, D. P. and Nelson, K. 2001. Accruals and the Prediction of Future Cash Flows. The Accounting Review, 76: 27–58.
    • (2001) The Accounting Review , vol.76 , pp. 27-58
    • Barth, M.1    Cram, D.P.2    Nelson, K.3
  • 2
    • 0031184823 scopus 로고    scopus 로고
    • Disclosure Level and the Cost of Equity Capital
    • Botosan, C. 1997. Disclosure Level and the Cost of Equity Capital. The Accounting Review, 72: 323–349.
    • (1997) The Accounting Review , vol.72 , pp. 323-349
    • Botosan, C.1
  • 3
    • 0039250386 scopus 로고    scopus 로고
    • Equity Premia as Low as Three Percent? Evidence from Analysts' Earnings Forecasts for Domestic and International Stock Markets
    • Claus, J. and Thomas, J. 2001. Equity Premia as Low as Three Percent? Evidence from Analysts' Earnings Forecasts for Domestic and International Stock Markets. Journal of Finance, 56: 1629–1666.
    • (2001) Journal of Finance , vol.56 , pp. 1629-1666
    • Claus, J.1    Thomas, J.2
  • 6
    • 0036997124 scopus 로고    scopus 로고
    • The Quality of Accruals and Earnings: The Role of Accrual Estimation Errors
    • Supplement, and
    • Dechow, P. and Dichev, I. 2002. The Quality of Accruals and Earnings: The Role of Accrual Estimation Errors. The Accounting Review, 77: 35–59. Supplement
    • (2002) The Accounting Review , vol.77 , pp. 35-59
    • Dechow, P.1    Dichev, I.2
  • 7
    • 84942585214 scopus 로고
    • Disclosure, Liquidity, and the Cost of Capital
    • Diamond, D. and Verrecchia, R. 1991. Disclosure, Liquidity, and the Cost of Capital. The Journal of Finance, 66: 1325–1355.
    • (1991) The Journal of Finance , vol.66 , pp. 1325-1355
    • Diamond, D.1    Verrecchia, R.2
  • 8
    • 0000272926 scopus 로고
    • Disclosure of Nonproprietary Information
    • Dye, R. A. 1985. Disclosure of Nonproprietary Information. Journal of Accounting Research, 23: 123–145.
    • (1985) Journal of Accounting Research , vol.23 , pp. 123-145
    • Dye, R.A.1
  • 9
    • 2442609381 scopus 로고    scopus 로고
    • Information and the Cost of Capital
    • Easley, D. and O'Hara, M. 2004. Information and the Cost of Capital. The Journal of Finance, 59: 1553–1583.
    • (2004) The Journal of Finance , vol.59 , pp. 1553-1583
    • Easley, D.1    O'Hara, M.2
  • 10
    • 0003313336 scopus 로고    scopus 로고
    • Is Information Risk a Determinant of Assets Returns?
    • Easley, D., Hvidkjaer, S. and O'Hara, M. 2002. Is Information Risk a Determinant of Assets Returns?. Journal of Finance, 57: 2185–2221.
    • (2002) Journal of Finance , vol.57 , pp. 2185-2221
    • Easley, D.1    Hvidkjaer, S.2    O'Hara, M.3
  • 11
    • 1342330573 scopus 로고    scopus 로고
    • PE Ratios, PEG Ratios, and Estimating the Implied Expected Rate of Return on Equity Capital
    • Easton, P. 2004. PE Ratios, PEG Ratios, and Estimating the Implied Expected Rate of Return on Equity Capital. The Accounting Review, 79: 73–95.
    • (2004) The Accounting Review , vol.79 , pp. 73-95
    • Easton, P.1
  • 12
    • 38549147867 scopus 로고
    • Common Risk Factors in the Returns on Stocks and Bonds
    • Fama, E. F. and French, K. 1993. Common Risk Factors in the Returns on Stocks and Bonds. Journal of Financial Economics, 33: 3–56.
    • (1993) Journal of Financial Economics , vol.33 , pp. 3-56
    • Fama, E.F.1    French, K.2
  • 17
    • 1342303879 scopus 로고    scopus 로고
    • Inferring the Cost of Capital Using the Ohlson-Juettner Model
    • Gode, D. and Mohanram, P. 2003. Inferring the Cost of Capital Using the Ohlson-Juettner Model. Review of Accounting Studies, 8: 399–431.
    • (2003) Review of Accounting Studies , vol.8 , pp. 399-431
    • Gode, D.1    Mohanram, P.2
  • 18
    • 0032020102 scopus 로고    scopus 로고
    • The Association between Competition and Managers' Business Segment Reporting Decisions
    • Harris, M. S. 1998. The Association between Competition and Managers' Business Segment Reporting Decisions. Journal of Accounting Research, 36: 111–128.
    • (1998) Journal of Accounting Research , vol.36 , pp. 111-128
    • Harris, M.S.1
  • 19
    • 0012319054 scopus 로고    scopus 로고
    • Information Asymmetry, Corporate Disclosure, and the Capital Markets: A Review of the Empirical Disclosure Literature
    • Healy, P. M. and Palepu, K. G. 2001. Information Asymmetry, Corporate Disclosure, and the Capital Markets: A Review of the Empirical Disclosure Literature. Journal of Accounting and Economics, 31: 405–440.
    • (2001) Journal of Accounting and Economics , vol.31 , pp. 405-440
    • Healy, P.M.1    Palepu, K.G.2
  • 20
    • 34250693655 scopus 로고    scopus 로고
    • Information Asymmetry, Diversification, and Cost of Capital
    • Hughes, J., Liu, J. and Liu, J. 2007. Information Asymmetry, Diversification, and Cost of Capital. The Accounting Review, 82 (3): 705–730.
    • (2007) The Accounting Review , vol.82 , Issue.3 , pp. 705-730
    • Hughes, J.1    Liu, J.2    Liu, J.3
  • 21
    • 44649197264 scopus 로고
    • The Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure
    • Jensen, M. and Meckling, W. H. 1976. The Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure. Journal of Financial Economics, 3: 305–360.
    • (1976) Journal of Financial Economics , vol.3 , pp. 305-360
    • Jensen, M.1    Meckling, W.H.2
  • 22
    • 0000261213 scopus 로고
    • To Warn or Not to Warn: Management Disclosures in the Face of Earnings Surprises
    • Kasznik, R. and Lev, B. 1995. To Warn or Not to Warn: Management Disclosures in the Face of Earnings Surprises. The Accounting Review, 70: 113–134.
    • (1995) The Accounting Review , vol.70 , pp. 113-134
    • Kasznik, R.1    Lev, B.2
  • 23
    • 33947395973 scopus 로고    scopus 로고
    • Accounting Information, Disclosure, and the Cost of Capital
    • Lambert, R., Leuz, C. and Verrecchia, R. 2007. Accounting Information, Disclosure, and the Cost of Capital. Journal of Accounting Research, 45: 385–419.
    • (2007) Journal of Accounting Research , vol.45 , pp. 385-419
    • Lambert, R.1    Leuz, C.2    Verrecchia, R.3
  • 24
    • 0030305317 scopus 로고    scopus 로고
    • Corporate Disclosure Policy and Analyst Behavior
    • Lang, M. and Lundholm, R. 1996. Corporate Disclosure Policy and Analyst Behavior. The Accounting Review, 71: 467–492.
    • (1996) The Accounting Review , vol.71 , pp. 467-492
    • Lang, M.1    Lundholm, R.2
  • 25
    • 21344483941 scopus 로고
    • Cross-sectional Determinants of Analyst Ratings of Corporate Disclosures
    • Lang, M. and Lundholm, R. 1993. Cross-sectional Determinants of Analyst Ratings of Corporate Disclosures. Journal of Accounting Research, 31: 246–271.
    • (1993) Journal of Accounting Research , vol.31 , pp. 246-271
    • Lang, M.1    Lundholm, R.2
  • 26
    • 0242534354 scopus 로고    scopus 로고
    • The Economic Consequences of Increased Disclosure
    • Supplement, and
    • Leuz, C. and Verrecchia, R. 2000. The Economic Consequences of Increased Disclosure. Journal of Accounting Research, 38: 91–124. Supplement
    • (2000) Journal of Accounting Research , vol.38 , pp. 91-124
    • Leuz, C.1    Verrecchia, R.2
  • 29
    • 38249020781 scopus 로고
    • Endogenous Proprietary Costs through Firm Interdependence
    • Verrecchia, R. E. 1990. Endogenous Proprietary Costs through Firm Interdependence. Journal of Accounting and Economics, 12: 245–251.
    • (1990) Journal of Accounting and Economics , vol.12 , pp. 245-251
    • Verrecchia, R.E.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.