Andere Kunden interessierten sich auch für
![Meaning and importance of key terms of Financial Economics]( "Meaning and importance of key terms of Financial Economics")
Meaning and importance of key terms of Financial Economics17,95 €![Voluntary Disclosure and Internal Corporate Governance Mechanisms]( "Voluntary Disclosure and Internal Corporate Governance Mechanisms")
Voluntary Disclosure and Internal Corporate Governance Mechanisms50,99 €![Factor models on explaining firm¿s returns in a credit risk context]( "Factor models on explaining firm¿s returns in a credit risk context")
Factor models on explaining firm¿s returns in a credit risk context18,95 €![The Impact of Corporate Textutal Disclosure on Capital Markets]( "The Impact of Corporate Textutal Disclosure on Capital Markets")
The Impact of Corporate Textutal Disclosure on Capital Markets18,95 €![Regulating Financial Innovation]( "Regulating Financial Innovation")
Regulating Financial Innovation103,99 €![Disclosure Initiative des IASB. Status Quo und künftige Entwicklung]( "Disclosure Initiative des IASB. Status Quo und künftige Entwicklung")
Disclosure Initiative des IASB. Status Quo und künftige Entwicklung29,99 €![Analyse und kritische Würdigung der Studie ¿Bridging the gap between disclosure and use of intellectual capital information¿ von Emma García-Meca]( "Analyse und kritische Würdigung der Studie ¿Bridging the gap between disclosure and use of intellectual capital information¿ von Emma García-Meca")
Analyse und kritische Würdigung der Studie ¿Bridging the gap between disclosure and use of intellectual capital information¿ von Emma García-Meca15,99 €
Bachelor Thesis from the year 2015 in the subject Business economics - Investment and Finance, grade: 1.0, accadis Hochschule Bad Homburg, course: Final Thesis, language: English, abstract: The potential relation of increased levels of corporate disclosure on a firm's cost of capital remains of great importance, both from a research-focussed and business- oriented point-of-view; however, the existence of methodological drawbacks has led to ever more complex studies, which eventually made the literature vast and confusing for outside readers. The purpose of this thesis was to organise and thereby simplify the different perspectives on a dynamic issue. It is argued that, in theory, enhanced transparency levels the marketplace by spreading information more equally among investors. Consequently, the information asymmetry component is mitigated, which translates into lower levels of estimation risk, transaction costs and default risk. After all, theoretical studies provided evidence that increased disclosure lowers the costs of capital. However, since neither of the involved components is directly observable, a myriad of approaches emerged to approximate actual figures. Although most of these proxies follow similar patterns, it is argued that none of the present approaches is free from constraints, which, in turn, affects the reliability of existing empirical studies. Research, after all, still lacks a generally accepted and holistic approach to the present day. In this context, one of the most recent findings provides a new and rather praxis-oriented perspective, by arguing that firms and investors are merely interested in a good-practice level of disclosure. Regardless of the perspective, an ultimate conclusion has yet to be revealed by the literature and it seems illusory that academics and practitioners agree on one approach in the future. Nevertheless, the contribution of this thesis was merely to structure and simplify the current state of a dynamic issue. The author therefore used easy to understand graphics and tables and linked the findings to related fields of research, where necessary.
Hinweis: Dieser Artikel kann nur an eine deutsche Lieferadresse ausgeliefert werden.
Hinweis: Dieser Artikel kann nur an eine deutsche Lieferadresse ausgeliefert werden.