The effect of corporate disclosure level on cost of equity capital / Nagaretham Thirumanickam and Ganisen Sinnasamy

In today s changing business environment, the on going debate is between proponents and opponents of greater disclosure. The Asian financial crisis in 1997 further led to a wider recognition of the importance of quality corporate disclosure. However the benefits of greater disclosure are not well es...

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Main Authors:	Thirumanickam, Nagaretham, Sinnasamy, Ganisen
Format:	Article
Language:	English
Published:	Institute of Research, Development and Commercialization (IRDC) 2006
Subjects:	Corporate organization. Corporate governance Financial management. Business finance. Corporation finance
Online Access:	http://ir.uitm.edu.my/id/eprint/13005/ http://ir.uitm.edu.my/id/eprint/13005/1/AJ_NAGARETHAM%20THIRUMANICKAM%20SMRJ%2006%201.pdf

id	uitm-13005
recordtype	eprints
spelling	uitm-130052016-06-09T16:51:59Z http://ir.uitm.edu.my/id/eprint/13005/ The effect of corporate disclosure level on cost of equity capital / Nagaretham Thirumanickam and Ganisen Sinnasamy Thirumanickam, Nagaretham Sinnasamy, Ganisen Corporate organization. Corporate governance Financial management. Business finance. Corporation finance In today s changing business environment, the on going debate is between proponents and opponents of greater disclosure. The Asian financial crisis in 1997 further led to a wider recognition of the importance of quality corporate disclosure. However the benefits of greater disclosure are not well established and have proven difficult to quantify. This study attempts to examine the association between corporate disclosure score and cost of equity capital. While majority ofprior research in this discipline concentrated on the US and UK securities, this paper provides Malaysian evidence on this issue. Contrary to other research findings the results indicate that there is no significant relationship between the disclosure score and cost of equity which could be due to the loss of timeliness of information. As for the disclosure score, all companies showed an improvement over the years indicating the awareness for disclosure. NACRA companies showed good improvement on disclosure score as compared to the Industrial Products companies. Institute of Research, Development and Commercialization (IRDC) 2006 Article PeerReviewed text en http://ir.uitm.edu.my/id/eprint/13005/1/AJ_NAGARETHAM%20THIRUMANICKAM%20SMRJ%2006%201.pdf Thirumanickam, Nagaretham and Sinnasamy, Ganisen (2006) The effect of corporate disclosure level on cost of equity capital / Nagaretham Thirumanickam and Ganisen Sinnasamy. Social and Management Research Journal, 3 (2). pp. 21-31. ISSN 1675-7017
repository_type	Digital Repository
institution_category	Local University
institution	Universiti Teknologi MARA
building	UiTM Institutional Repository
collection	Online Access
language	English
topic	Corporate organization. Corporate governance Financial management. Business finance. Corporation finance
spellingShingle	Corporate organization. Corporate governance Financial management. Business finance. Corporation finance Thirumanickam, Nagaretham Sinnasamy, Ganisen The effect of corporate disclosure level on cost of equity capital / Nagaretham Thirumanickam and Ganisen Sinnasamy
description	In today s changing business environment, the on going debate is between proponents and opponents of greater disclosure. The Asian financial crisis in 1997 further led to a wider recognition of the importance of quality corporate disclosure. However the benefits of greater disclosure are not well established and have proven difficult to quantify. This study attempts to examine the association between corporate disclosure score and cost of equity capital. While majority ofprior research in this discipline concentrated on the US and UK securities, this paper provides Malaysian evidence on this issue. Contrary to other research findings the results indicate that there is no significant relationship between the disclosure score and cost of equity which could be due to the loss of timeliness of information. As for the disclosure score, all companies showed an improvement over the years indicating the awareness for disclosure. NACRA companies showed good improvement on disclosure score as compared to the Industrial Products companies.
format	Article
author	Thirumanickam, Nagaretham Sinnasamy, Ganisen
author_facet	Thirumanickam, Nagaretham Sinnasamy, Ganisen
author_sort	Thirumanickam, Nagaretham
title	The effect of corporate disclosure level on cost of equity capital / Nagaretham Thirumanickam and Ganisen Sinnasamy
title_short	The effect of corporate disclosure level on cost of equity capital / Nagaretham Thirumanickam and Ganisen Sinnasamy
title_full	The effect of corporate disclosure level on cost of equity capital / Nagaretham Thirumanickam and Ganisen Sinnasamy
title_fullStr	The effect of corporate disclosure level on cost of equity capital / Nagaretham Thirumanickam and Ganisen Sinnasamy
title_full_unstemmed	The effect of corporate disclosure level on cost of equity capital / Nagaretham Thirumanickam and Ganisen Sinnasamy
title_sort	effect of corporate disclosure level on cost of equity capital / nagaretham thirumanickam and ganisen sinnasamy
publisher	Institute of Research, Development and Commercialization (IRDC)
publishDate	2006
url	http://ir.uitm.edu.my/id/eprint/13005/ http://ir.uitm.edu.my/id/eprint/13005/1/AJ_NAGARETHAM%20THIRUMANICKAM%20SMRJ%2006%201.pdf
first_indexed	2023-09-18T22:49:40Z
last_indexed	2023-09-18T22:49:40Z
_version_	1777417459196755968

The effect of corporate disclosure level on cost of equity capital / Nagaretham Thirumanickam and Ganisen Sinnasamy

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