Accounting Conservatism and Cost of Equity Capital ——Evidence from China’s Security Market

摘要：

Using 2,116 observations from 2007 to 2008, we investigate the relation of accounting conservatism and cost of equity capital, and the influence of property rights on it. We find accounting conservatism is negatively related to equity cost and state ownership lower the influence of conservatism on cost of equity capital.

关键词： accountingconservatism costofequi tycapital property rights

作者: ZHANG Changhai WU Shunxiang

作者单位: Economics and Management School, Hainan UniversityHaikou, China Economics and Management School, Hainan University Haikou, China

会议类型: 国际会议

会议名称: 2011 International Conference on Business Management and Electronic Information(2011商业管理与电子信息国际学术会议 BMEI2011)

会议地点: 广州

会议语种:英文

页码: 1-5

在线出版日期: 2011-05-13（万方平台首次上网日期，不代表论文的发表时间）