Impact of Corporate Disclosure on Cost of Equity Capital in Vietnam

Dung Viet Nguyen and Lan Thi Ngoc Nguyen

International Journal of Financial Research, 2017, vol. 8, issue 4, 64-70

Abstract: The objective of the paper is to test the impact of corporate disclosure on the cost of equity capital for firms listed on Vietnam¡¯s stock market. We use the Botosan (1997) scoring methodology and the residual income valuation model to measure disclosure level and the implied cost of equity capital. Our findings suggest that, taking into account other determinants, disclosure has a significant reducing impact on the cost of equity capital.

Keywords: disclosure; cost of capital; equity financing; annual report score; residual income valuation (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.sciedu.ca/journal/index.php/ijfr/article/view/12231/7500 (application/pdf)
http://www.sciedu.ca/journal/index.php/ijfr/article/view/12231 (text/html)

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:jfr:ijfr11:v:8:y:2017:i:4:p:64-70

DOI: 10.5430/ijfr.v8n4p64

Access Statistics for this article

International Journal of Financial Research is currently edited by Gina Perry

More articles in International Journal of Financial Research from International Journal of Financial Research, Sciedu Press
Bibliographic data for series maintained by Gina Perry ().