A new study by accounting professor Yaniv Konchitchki finds greater transparency in firms' earnings has a positive effect on the bottom line. "Cost of Capital and Earnings Transparency," (published in the Journal of Accounting and Economics, April-May 2013) establishes that the transparency of a firm's accounting earnings is a telling indicator of the company's cost of capital and thus its valuation, according to Konchitchki.
Fuente : http://www.eurekalert.org/pub_releases/2013-06/uoc...
Fuente : http://www.eurekalert.org/pub_releases/2013-06/uoc...