An Empirical Study on the Relationship between Accounting Conservatism and Cost of Equity Capital - Evidence from China

被引：0

作者：

Fu, Xiang ^{[1
]}

Liu, Shiping ^{[1
]}

机构：

[1] Nanjing Univ Sci & Technol, Sch Econ & Management, Nanjing, Jiangsu, Peoples R China

来源：

PROCEEDINGS OF THE 2017 INTERNATIONAL CONFERENCE ON EDUCATION, CULTURE AND SOCIAL DEVELOPMENT (ICECSD 2017) | 2017年 / 80卷

关键词：

accounting conservatism; cost of equity capital; PEG model;

D O I：

暂无

中图分类号：

G40 [教育学];

学科分类号：

040101 ; 120403 ;

摘要：

This article investigates the relationship between accounting conservatism and the cost of equity capital. Based on a sample of Chinese listed enterprises on Shenzhen and Shanghai Stock Exchange from 2011 to 2015, we find that accounting conservatism generally exists in China's listed companies, and the higher the degree of accounting conservatism, the smaller the information risk faced by investors, and the required investment rate of return will be reduced, resulting in a lower cost of equity capital.

引用

页码：79 / 84

页数：6

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