The aim of this paper is to study the relationship between information disclosure and cost of capital. A comprehensive disclosure index composed of discretionary disclosure and Tehran Stock Exchange (TSE) disclosure index is implemented in order to measure a quantitative information disclosure. The Price to Earnings ratio is used to measure cost of capital. The results of analyzing data of 75 entities during 2005-2012 show that stock liquidity is increased as more information disclosed. Also, the findings show that increasing the information disclosure results decreasing the investor risks and there is no significant relationship between information disclosure and cost of capital.
Nazemi,A. and Nasiri,T. (2014). The Relationship between Information disclosure and Cost of Capital in Entities Listed on Tehran Stock Exchange (TSE). Applied Research in Financial Reporting, 3(1), 97-118.
MLA
Nazemi,A. , and Nasiri,T. . "The Relationship between Information disclosure and Cost of Capital in Entities Listed on Tehran Stock Exchange (TSE)", Applied Research in Financial Reporting, 3, 1, 2014, 97-118.
HARVARD
Nazemi A., Nasiri T. (2014). 'The Relationship between Information disclosure and Cost of Capital in Entities Listed on Tehran Stock Exchange (TSE)', Applied Research in Financial Reporting, 3(1), pp. 97-118.
CHICAGO
A. Nazemi and T. Nasiri, "The Relationship between Information disclosure and Cost of Capital in Entities Listed on Tehran Stock Exchange (TSE)," Applied Research in Financial Reporting, 3 1 (2014): 97-118,
VANCOUVER
Nazemi A., Nasiri T. The Relationship between Information disclosure and Cost of Capital in Entities Listed on Tehran Stock Exchange (TSE). Applied Research in Financial Reporting, 2014; 3(1): 97-118.
