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

共 50 条

[31] RELATIONSHIP BETWEEN CORPORATE GOVERNANCE AND COST OF EQUITY CAPITAL
Zandi, G.
Shahzad, I. A.
Bajaber, N.
Nowodzinski, P.
Shahid, M. S.
[J]. POLISH JOURNAL OF MANAGEMENT STUDIES, 2022, 26 (01): : 386 - 407
[32] Corporate philanthropy, public awareness, and the cost of equity capital: Evidence from China
Xie, Jun
Chen, Junyi
[J]. ANNALS OF ECONOMICS AND FINANCE, 2021, 22 (01): : 153 - 194
[33] Does CSR affect the cost of equity capital: Empirical evidence from the targeted poverty alleviation of listed companies in China
Yi, Yuting
Xie, Bangsheng
Zhou, Lixue
Wei, Yuanzhu
[J]. PLOS ONE, 2020, 15 (02):
[34] Main bank relationship and accounting conservatism: evidence from Japan
Sakawa, Hideaki
Watanabel, Naoki
[J]. ASIAN BUSINESS & MANAGEMENT, 2020, 19 (01) : 62 - 85
[35] Main bank relationship and accounting conservatism: evidence from Japan
Hideaki Sakawa
Naoki Watanabel
[J]. Asian Business & Management, 2020, 19 : 62 - 85
[36] Accounting Valuation and Cost of Equity Capital Dynamics
Callen, Jeffrey L.
[J]. ABACUS-A JOURNAL OF ACCOUNTING FINANCE AND BUSINESS STUDIES, 2016, 52 (01): : 5 - 25
[37] CORPORATE GOVERNANCE ATTRIBUTES AND ACCOUNTING CONSERVATISM: EVIDENCE FROM CHINA
Pasko, Oleh
Chen Fuli
Birchenko, Nataliia
Ryzhikova, Natalia
[J]. STUDIES IN BUSINESS AND ECONOMICS, 2021, 16 (03) : 173 - 189
[38] Impact of Accounting Conservatism on Income Smoothing: Empirical Evidence from Algeria
Kimouche, Bilal
Charchafa, Ilyes
[J]. STUDIA UNIVERSITATIS VASILE GOLDIS ARAD SERIA STIINTE ECONOMICE, 2024, 34 (01) : 37 - 55
[39] Loan guarantees and guarantors' accounting conservatism: evidence from China
Liu, Bin
Yuan, Yuan
Zhang, Junrui
Zhou, Jian
[J]. APPLIED ECONOMICS, 2023, 55 (59) : 6997 - 7016
[40] Regional accounting conservatism and macroeconomic growth: evidence from China
Chen, Wanyi
Luo, Hong
Zeng, Yongliang
Zhao, Xiangfang
[J]. SPANISH JOURNAL OF FINANCE AND ACCOUNTING-REVISTA ESPANOLA DE FINANCIACION Y CONTABILIDAD, 2024, 53 (01): : 26 - 49

← 1 2 3 4 5 →