Exploring the Mediating Role of Information Asymmetry in the Relationship between Voluntary Information Disclosure and the Equity Cost of Capital: An Analysis Using the CAPM Model
The lack of reliable information disclosure contributes to information asymmetry, which in turn raises the equity cost of capital. Voluntary information disclosure can mitigate unsystematic risk and this reduction can enhance investor confidence through financial signaling. When investors perceive a...
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| Format: | Article |
| Language: | fas |
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University of Isfahan
2025-03-01
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| Series: | Journal of Asset Management and Financing |
| Subjects: | |
| Online Access: | https://amf.ui.ac.ir/article_28870_bfd2c3a96a9260db6fea8f3424d4f276.pdf |
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