Voluntary disclosure frequency and cost of debt: an analysis in the Tunisian context

Dorra Talbi and Mohamed Ali Omri

International Journal of Managerial and Financial Accounting, 2014, vol. 6, issue 2, 167-174

Abstract: The aim of this paper is to study the impact of voluntary information disclosure on cost of debt capital. Our survey has been achieved on a sample of 22 firms listed in the Tunis stock exchange over a period spanning from 1998 to 2004. The results confirm the existence of a negative and significant relationship between the frequencies of voluntary disclosure on cost of debt. This study's survey shows that the information disclosure mitigate the asymmetric information between manager and lenders which would consequently decrease the cost of capital.

Keywords: voluntary disclosure; cost of debt; asymmetric information; debt capital; financial accounting; Tunisia; cost of capital. (search for similar items in EconPapers)
Date: 2014
References: Add references at CitEc
Citations: View citations in EconPapers (7)

Downloads: (external link)
http://www.inderscience.com/link.php?id=64521 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ids:injmfa:v:6:y:2014:i:2:p:167-174

Access Statistics for this article

More articles in International Journal of Managerial and Financial Accounting from Inderscience Enterprises Ltd
Bibliographic data for series maintained by Sarah Parker ().