Please use this identifier to cite or link to this item: https://scholarbank.nus.edu.sg/handle/10635/147726
Title: THE ADOPTION OF XBRL AND COST OF EQUITY CAPITAL
Authors: GOH QIAN HENG IVAN
Issue Date: 2014
Citation: GOH QIAN HENG IVAN (2014). THE ADOPTION OF XBRL AND COST OF EQUITY CAPITAL. ScholarBank@NUS Repository.
Abstract: In Li, Lin and Ni (2012), it was found that firms in the US experienced a reduction in cost of equity capital after the adoption of XBRL. This paper examines whether such an effect is present in another regime – Singapore. I find that XBRL adoption has no such effect. I also find that XBRL adoption does not change analyst behaviour. While the regression analysis shows that XBRL adoption is associated with improved stock liquidity, I argue that it is a spurious relationship. My paper suggests that users should be granted free access to XBRL-filed information.
URI: http://scholarbank.nus.edu.sg/handle/10635/147726
Appears in Collections:Bachelor's Theses

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