The effect of corporate disclosure level on cost of equity capital / Nagaretham Thirumanickam and Ganisen Sinnasamy
In today s changing business environment, the on going debate is between proponents and opponents of greater disclosure. The Asian financial crisis in 1997 further led to a wider recognition of the importance of quality corporate disclosure. However the benefits of greater disclosure are not well es...
| Main Authors: | , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Institute of Research, Development and Commercialization (IRDC)
2006
|
| Subjects: | |
| Online Access: | https://ir.uitm.edu.my/id/eprint/13005/1/AJ_NAGARETHAM%20THIRUMANICKAM%20SMRJ%2006%201.pdf |
| _version_ | 1825734086305513472 |
|---|---|
| author | Thirumanickam, Nagaretham Sinnasamy, Ganisen |
| author_facet | Thirumanickam, Nagaretham Sinnasamy, Ganisen |
| author_sort | Thirumanickam, Nagaretham |
| collection | UITM |
| description | In today s changing business environment, the on going debate is between proponents and opponents of greater disclosure. The Asian financial crisis in 1997 further led to a wider recognition of the importance of quality corporate disclosure. However the benefits of greater disclosure are not well established and have proven difficult to quantify. This study attempts to examine the
association between corporate disclosure score and cost of equity capital. While majority ofprior research in this discipline concentrated on the US and UK securities, this paper provides Malaysian evidence on this issue. Contrary
to other research findings the results indicate that there is no significant relationship between the disclosure score and cost of equity which could be due to the loss of timeliness of information. As for the disclosure score, all
companies showed an improvement over the years indicating the awareness for disclosure. NACRA companies showed good improvement on disclosure score as compared to the Industrial Products companies. |
| first_indexed | 2024-03-06T01:26:32Z |
| format | Article |
| id | oai:ir.uitm.edu.my:13005 |
| institution | Universiti Teknologi MARA |
| language | English |
| last_indexed | 2024-03-06T01:26:32Z |
| publishDate | 2006 |
| publisher | Institute of Research, Development and Commercialization (IRDC) |
| record_format | dspace |
| spelling | oai:ir.uitm.edu.my:130052016-06-09T16:51:59Z https://ir.uitm.edu.my/id/eprint/13005/ The effect of corporate disclosure level on cost of equity capital / Nagaretham Thirumanickam and Ganisen Sinnasamy smrj Thirumanickam, Nagaretham Sinnasamy, Ganisen Corporate organization. Corporate governance Financial management. Business finance. Corporation finance In today s changing business environment, the on going debate is between proponents and opponents of greater disclosure. The Asian financial crisis in 1997 further led to a wider recognition of the importance of quality corporate disclosure. However the benefits of greater disclosure are not well established and have proven difficult to quantify. This study attempts to examine the association between corporate disclosure score and cost of equity capital. While majority ofprior research in this discipline concentrated on the US and UK securities, this paper provides Malaysian evidence on this issue. Contrary to other research findings the results indicate that there is no significant relationship between the disclosure score and cost of equity which could be due to the loss of timeliness of information. As for the disclosure score, all companies showed an improvement over the years indicating the awareness for disclosure. NACRA companies showed good improvement on disclosure score as compared to the Industrial Products companies. Institute of Research, Development and Commercialization (IRDC) 2006 Article PeerReviewed text en https://ir.uitm.edu.my/id/eprint/13005/1/AJ_NAGARETHAM%20THIRUMANICKAM%20SMRJ%2006%201.pdf The effect of corporate disclosure level on cost of equity capital / Nagaretham Thirumanickam and Ganisen Sinnasamy. (2006) Social and Management Research Journal (SMRJ) <https://ir.uitm.edu.my/view/publication/Social_and_Management_Research_Journal_=28SMRJ=29/>, 3 (2). pp. 21-31. ISSN 1675-7017 https://smrj.uitm.edu.my/ |
| spellingShingle | Corporate organization. Corporate governance Financial management. Business finance. Corporation finance Thirumanickam, Nagaretham Sinnasamy, Ganisen The effect of corporate disclosure level on cost of equity capital / Nagaretham Thirumanickam and Ganisen Sinnasamy |
| title | The effect of corporate disclosure level on cost of equity capital / Nagaretham Thirumanickam and Ganisen Sinnasamy |
| title_full | The effect of corporate disclosure level on cost of equity capital / Nagaretham Thirumanickam and Ganisen Sinnasamy |
| title_fullStr | The effect of corporate disclosure level on cost of equity capital / Nagaretham Thirumanickam and Ganisen Sinnasamy |
| title_full_unstemmed | The effect of corporate disclosure level on cost of equity capital / Nagaretham Thirumanickam and Ganisen Sinnasamy |
| title_short | The effect of corporate disclosure level on cost of equity capital / Nagaretham Thirumanickam and Ganisen Sinnasamy |
| title_sort | effect of corporate disclosure level on cost of equity capital nagaretham thirumanickam and ganisen sinnasamy |
| topic | Corporate organization. Corporate governance Financial management. Business finance. Corporation finance |
| url | https://ir.uitm.edu.my/id/eprint/13005/1/AJ_NAGARETHAM%20THIRUMANICKAM%20SMRJ%2006%201.pdf |
| work_keys_str_mv | AT thirumanickamnagaretham theeffectofcorporatedisclosureleveloncostofequitycapitalnagarethamthirumanickamandganisensinnasamy AT sinnasamyganisen theeffectofcorporatedisclosureleveloncostofequitycapitalnagarethamthirumanickamandganisensinnasamy AT thirumanickamnagaretham effectofcorporatedisclosureleveloncostofequitycapitalnagarethamthirumanickamandganisensinnasamy AT sinnasamyganisen effectofcorporatedisclosureleveloncostofequitycapitalnagarethamthirumanickamandganisensinnasamy |