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International Financial Reporting Standards, institutional infrastructures, and implied cost of equity capital around the world
16 references·16 citing·30 second hopsampled
International Financial Reporting Standards, institutional infrastructures, and implied cost of equity capital around the world (2013)International Financial Reporting Standar…Mandatory IFRS Reporting around the World: Early Evidence on the Economic Consequences (2008)Mandatory IFRS Reporting arou…International Accounting Standards and Accounting Quality (2008)International Accounting Stan…What Works in Securities Laws? (2006)What Works in Securities Laws?Information and the Cost of Capital (2004)Information and the Cost of C…Incentives versus standards: properties of accounting income in four East Asian countries (2003)Incentives versus standards: …Investor Protection and Corporate Valuation (2002)Investor Protection and Corpo…Disentangling the Incentive and Entrenchment Effects of Large Shareholdings (2002)Disentangling the Incentive a…Toward an Implied Cost of Capital (2001)Toward an Implied Cost of Cap…The Economic Consequences of Increased Disclosure (2000)The Economic Consequences of …The Economic Consequences of Increased Disclosure (1999)The Economic Consequences of …Law and Finance (1998)Law and FinanceAgency Problems and Dividend Policies Around the World (1998)Agency Problems and Dividend …Legal Determinants of External Finance (1997)Legal Determinants of Externa…Disclosure level and the cost of equity capital. (1997)Disclosure level and the cost…Disclosure, Liquidity, and the Cost of Capital (1991)Disclosure, Liquidity, and th…Risk, Return, and Equilibrium: Empirical Tests (1973)Risk, Return, and Equilibrium…Navigating governance and accounting reforms in Saudi Arabia's emerging market: impact of audit quality, board characteristics, and IFRS adoption on financial performance (2023)Navigating governance and acc…The financial consequences of human capital disclosure as part of integrated reporting (2021)The financial consequences of…Meta‐analysis of the Impact of Adoption of IFRS on Financial Reporting Comparability, Market Liquidity, and Cost of Capital (2021)Meta‐analysis of the Impact o…International financial reporting standards, domestic debt finance and institutional quality: Evidence from developing countries (2021)International financial repor…Corporate social responsibility, investor protection, and the cost of equity: Evidence from East Asia (2021)Corporate social responsibili…Corporate Social Responsibility Disclosure and Financial Performance: The Mediating Role of Financial Statement Comparability (2021)Corporate Social Responsibili…IFRS adoption and firm value: African evidence (2020)IFRS adoption and firm value:…Did mandatory IFRS adoption affect the cost of capital in Latin American countries? (2020)Did mandatory IFRS adoption a…Financial development, corporate governance and cost of equity capital (2018)Financial development, corpor…A review of the current debate on the determinants and consequences of mandatory IFRS adoption (2018)A review of the current debat…The economic consequences of IFRS adoption: Evidence from New Zealand (2016)The economic consequences of …International Financial Reporting Standards, board governance, and accounting quality (2016)International Financial Repor…Cost-benefit analysis of IFRS adoption: developed and emerging countries (2016)Cost-benefit analysis of IFRS…The impact of SEC investigations and accounting and auditing enforcement releases on firms’ cost of equity capital (2015)The impact of SEC investigati…The Challenges Faced by Reporting Entities on Their Transition to International Financial Reporting Standards: A Qualitative Study (2015)The Challenges Faced by Repor…Some Observations on Research on the Benefits to Nations of Adopting IFRS (2013)Some Observations on Research…Coefficient Alpha and the Internal Structure of Tests (1951)The Cross-Section of Expected Stock Returns (1992)Information asymmetry, corporate disclosure, and the capital markets: A review of the empirical disclosure literature (2001)The economic implications of corporate financial reporting (2005)Voluntary Nonfinancial Disclosure and the Cost of Equity Capital: The Initiation of Corporate Social Responsibility Reporting (2010)What Do We Know about Capital Structure? Some Evidence from International Data (1995)A Survey of Corporate Governance (1997)Investor protection and corporate governance (2000)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)The Behavior of Stock-Market Prices (1965)THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.] (1975)On Persistence in Mutual Fund Performance (1997)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Corporate Ownership Around the World (1999)How do family ownership, control and management affect firm value? (2005)Law, finance, and economic growth in China (2005)The Cost of Capital, Corporation Finance and the Theory of Investment (1958)The Colonial Origins of Comparative Development: An Empirical Investigation (2001)Positive Accounting Theory (1985)Earnings management to avoid earnings decreases and losses (1997)Earnings management and investor protection: an international comparison (2003)Understanding earnings quality: A review of the proxies, their determinants and their consequences (2010)The Economics of Disclosure and Financial Reporting Regulation: Evidence and Suggestions for Future Research (2016)Continuous Auctions and Insider Trading (1985)Common risk factors in the returns on stocks and bonds (1993)Information Uncertainty and Stock Returns (2006)Liquidity and Asset Prices (2006)High idiosyncratic volatility and low returns: International and further U.S. evidence (2008)The Economic Consequences of Legal Origins (2008)The ultimate ownership of Western European corporations (2002)
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References

  • 1998Law and Finance17,902 cited
  • 1973Risk, Return, and Equilibrium: Empirical Tests14,248 cited
  • 1997Legal Determinants of External Finance9,776 cited
  • 2002Investor Protection and Corporate Valuation4,055 cited
  • 2002Disentangling the Incentive and Entrenchment Effects of Large Shareholdings3,845 cited
  • 1991Disclosure, Liquidity, and the Cost of Capital3,828 cited
  • 1997Disclosure level and the cost of equity capital.3,577 cited
  • 1998Agency Problems and Dividend Policies Around the World3,179 cited
  • 2004Information and the Cost of Capital3,057 cited
  • 2008International Accounting Standards and Accounting Quality3,050 cited
  • 2006What Works in Securities Laws?2,787 cited
  • 2000The Economic Consequences of Increased Disclosure2,369 cited
  • 2008Mandatory IFRS Reporting around the World: Early Evidence on the Economic Consequences2,174 cited
  • 1999The Economic Consequences of Increased Disclosure2,101 cited
  • 2003Incentives versus standards: properties of accounting income in four East Asian countries2,078 cited
  • 2001Toward an Implied Cost of Capital

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Cited by

  • 2021Corporate social responsibility, investor protection, and the cost of equity: Evidence from East Asia71 cited
  • 2018A review of the current debate on the determinants and consequences of mandatory IFRS adoption64 cited
  • 2018Financial development, corporate governance and cost of equity capital63 cited
  • 2020IFRS adoption and firm value: African evidence59 cited
  • 2016Cost-benefit analysis of IFRS adoption: developed and emerging countries59 cited
  • 2020Did mandatory IFRS adoption affect the cost of capital in Latin American countries?58 cited
  • 2016The economic consequences of IFRS adoption: Evidence from New Zealand54 cited
  • 2016International Financial Reporting Standards, board governance, and accounting quality49 cited
  • 2021The financial consequences of human capital disclosure as part of integrated reporting48 cited
  • 2021Corporate Social Responsibility Disclosure and Financial Performance: The Mediating Role of Financial Statement Comparability44 cited
  • 2013Some Observations on Research on the Benefits to Nations of Adopting IFRS38 cited
  • 2021International financial reporting standards, domestic debt finance and institutional quality: Evidence from developing countries36 cited
  • 2021Meta‐analysis of the Impact of Adoption of IFRS on Financial Reporting Comparability, Market Liquidity, and Cost of Capital33 cited
  • 2023Navigating governance and accounting reforms in Saudi Arabia's emerging market: impact of audit quality, board characteristics, and IFRS adoption on financial performance31 cited
  • 2015The impact of SEC investigations and accounting and auditing enforcement releases on firms’ cost of equity capital26 cited
  • 2015The Challenges Faced by Reporting Entities on Their Transition to International Financial Reporting Standards: A Qualitative Study26 cited