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How digital transformation affects the cost of equity capital: the role of information disclosure quality and stock liquidity
16 references·8 citing·47 second hop
How digital transformation affects the cost of equity capital: the role of information disclosure quality and stock liquidity (2023)How digital transformation affects the co…Can digital transformation promote enterprise performance? —From the perspective of public policy and innovation (2022)Can digital transformation pr…Environmental uncertainty, resource orchestration and digital transformation: A fuzzy-set QCA approach (2021)Environmental uncertainty, re…Understanding digital transformation: A review and a research agenda (2019)Understanding digital transfo…Digital transformation: A multidisciplinary reflection and research agenda (2019)Digital transformation: A mul…The Benefits of Financial Statement Comparability (2011)The Benefits of Financial Sta…Does Corporate Social Responsibility Affect the Cost of Capital? (2010)Does Corporate Social Respons…Accounting Information, Disclosure, and the Cost of Capital (2007)Accounting Information, Discl…Assessing Alternative Proxies for the Expected Risk Premium (2005)Assessing Alternative Proxies…Illiquidity and stock returns: cross-section and time-series effects (2002)Illiquidity and stock returns…Stock Performance and Intermediation Changes Surrounding Sustained Increases in Disclosure* (1999)Stock Performance and Interme…Presidential Address: Expected Return, Realized Return, and Asset Pricing Tests (1999)Presidential Address: Expecte…Information Asymmetry and Levels of Agency Relationships (1998)Information Asymmetry and Lev…Disclosure, Liquidity, and the Cost of Capital (1991)Disclosure, Liquidity, and th…Asset pricing and the bid-ask spread (1986)Asset pricing and the bid-ask…The Capital Structure Puzzle (1984)The Capital Structure PuzzleDifferential information and the small firm effect (1984)Differential information and …The impact of government open data platform construction on corporate capital market performance: Evidence from stock liquidity (2025)The impact of government open…The impact of digital transformation on the efficiency of corporate resource allocation: Internal mechanisms and external environment (2025)The impact of digital transfo…Mechanisms of corporate digital transformation on asymmetric capital structure adjustment—the mediating role of information asymmetry and financial stability (2025)Mechanisms of corporate digit…Does public data openness accelerate new quality productive forces? Evidence from China (2025)Does public data openness acc…More technology, more loans? How advanced digital technologies influence firms’ financing conditions (2024)More technology, more loans? …Integrating Ethical Principles in Corporate Strategy: A Comprehensive Analysis of Business Ethics in Contemporary Enterprises (2024)Integrating Ethical Principle…Digital technology development and systemic financial risks: Evidence from 22 countries (2024)Digital technology developmen…Digital transformation tone signal and the cost of equity: Evidence from Chinese listed companies (2023)Digital transformation tone s…The Cost of Capital, Corporation Finance and the Theory of Investment (1958)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Corporate financing and investment decisions when firms have information that investors do not have (1984)The Determinants of Capital Structure Choice (1988)What Do We Know about Capital Structure? Some Evidence from International Data (1995)The theory and practice of corporate finance: evidence from the field (2001)The Quality of Accruals and Earnings: The Role of Accrual Estimation Errors (2002)Earnings management and investor protection: an international comparison (2003)Performance matched discretionary accrual measures (2005)Are IFRS-based and US GAAP-based accounting amounts comparable? (2012)A Review of the IFRS-Adoption Literature (2015)Disclosure processing costs, investors’ information choice, and equity market outcomes: A review (2020)Risk, Return, and Equilibrium: Empirical Tests (1973)The relationship between return and market value of common stocks (1981)The theory and practice of econometrics (1986)Liquidity Risk and Expected Stock Returns (2003)Investor Sentiment and the Cross‐Section of Stock Returns (2006)Corporate Financing and Investment Decisions When Firms Have InformationThat Investors Do Not Have (1984)Causes and Consequences of Earnings Manipulation: An Analysis of Firms Subject to Enforcement Actions by the SEC* (1996)Information asymmetry, corporate disclosure, and the capital markets: A review of the empirical disclosure literature (2001)Revisiting the relation between environmental performance and environmental disclosure: An empirical analysis (2007)The financial reporting environment: Review of the recent literature (2010)Shaping Agility through Digital Options: Reconceptualizing the Role of Information Technology in Contemporary Firms1 (2003)Explicating dynamic capabilities: the nature and microfoundations of (sustainable) enterprise performance (2007)Digital Business Strategy: Toward a Next Generation of Insights (2013)A Systematic Review of the Literature on Digital Transformation: Insights and Implications for Strategy and Organizational Change (2020)Digital transformation and customer value creation in Made in Italy SMEs: A dynamic capabilities perspective (2020)Digital transformation in business and management research: An overview of the current status quo (2021)A Coefficient of Agreement for Nominal Scales (1960)Firm Resources and Sustained Competitive Advantage (1991)Firm resources and sustained competitive advantage (2004)Digital economy: An innovation driver for total factor productivity (2021)Editor's Choice Digesting Anomalies: An Investment ApproachThe Cross-Section of Expected Stock Returns (1992)Common risk factors in the returns on stocks and bonds (1993)On Persistence in Mutual Fund Performance (1997)Asset pricing with liquidity risk (2005)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)Initial conditions and moment restrictions in dynamic panel data models (1998)Corporate social responsibility and access to finance (2013)Corporate green bonds (2021)Firms and social responsibility: A review of ESG and CSR research in corporate finance (2021)Legal Determinants of External Finance (1997)How does financial reporting quality relate to investment efficiency? (2009)Understanding earnings quality: A review of the proxies, their determinants and their consequences (2010)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)
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References

  • 2002Illiquidity and stock returns: cross-section and time-series effects10,008 cited
  • 2019Understanding digital transformation: A review and a research agenda7,294 cited
  • 2019Digital transformation: A multidisciplinary reflection and research agenda5,676 cited
  • 1986Asset pricing and the bid-ask spread5,087 cited
  • 1991Disclosure, Liquidity, and the Cost of Capital3,828 cited
  • 2010Does Corporate Social Responsibility Affect the Cost of Capital?3,461 cited
  • 1984The Capital Structure Puzzle3,151 cited
  • 2007Accounting Information, Disclosure, and the Cost of Capital2,582 cited
  • 1999Stock Performance and Intermediation Changes Surrounding Sustained Increases in Disclosure*1,882 cited
  • 2011The Benefits of Financial Statement Comparability1,038 cited
  • 2005Assessing Alternative Proxies for the Expected Risk Premium750 cited
  • 2022Can digital transformation promote enterprise performance? —From the perspective of public policy and innovation744 cited
  • 1998Information Asymmetry and Levels of Agency Relationships553 cited
  • 1999Presidential Address: Expected Return, Realized Return, and Asset Pricing Tests545 cited
  • 1984Differential information and the small firm effect

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527 cited
  • 2021Environmental uncertainty, resource orchestration and digital transformation: A fuzzy-set QCA approach414 cited
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    • 2023Digital transformation tone signal and the cost of equity: Evidence from Chinese listed companies31 cited
    • 2025The impact of government open data platform construction on corporate capital market performance: Evidence from stock liquidity31 cited
    • 2024Digital technology development and systemic financial risks: Evidence from 22 countries18 cited
    • 2025Mechanisms of corporate digital transformation on asymmetric capital structure adjustment—the mediating role of information asymmetry and financial stability18 cited
    • 2024Integrating Ethical Principles in Corporate Strategy: A Comprehensive Analysis of Business Ethics in Contemporary Enterprises11 cited
    • 2024More technology, more loans? How advanced digital technologies influence firms’ financing conditions11 cited