The effect of non-financial risk information on the evaluation of implied cost of capitals
Preprint, External research report
- Publisher: 神戸大学大学院経営学研究科
神戸大学経営学研究科 Discussion paper,
implied cost of capital; risk factors; non-financial risk information
The purpose of this paper is to examine the effect of voluntary disclosure of `business risk' information (hereafter referred to as `risk information' ), which is a significant determinant of the information environment, on estimating the cost of capital. Recently, some...