How Long to Read Effects of Corporate Disclosure on a Firm’s Cost of Capital

How Long Does it Take to Read Effects of Corporate Disclosure on a Firm’s Cost of Capital?

It takes the average reader 1 hour and 7 minutes to read Effects of Corporate Disclosure on a Firm’s Cost of Capital by Markus Bäder

Assuming a reading speed of 250 words per minute. Learn more

Description

Bachelor Thesis from the year 2015 in the subject Business economics - Investment and Finance, grade: 1.0, accadis International College Bad Homburg, course: Final Thesis, language: English, abstract: The potential relation of increased levels of corporate disclosure on a firm’s cost of capital remains of great importance, both from a research-focussed and business- oriented point-of-view; however, the existence of methodological drawbacks has led to ever more complex studies, which eventually made the literature vast and confusing for outside readers. The purpose of this thesis was to organise and thereby simplify the different perspectives on a dynamic issue. It is argued that, in theory, enhanced transparency levels the marketplace by spreading information more equally among investors. Consequently, the information asymmetry component is mitigated, which translates into lower levels of estimation risk, transaction costs and default risk. After all, theoretical studies provided evidence that increased disclosure lowers the costs of capital. However, since neither of the involved components is directly observable, a myriad of approaches emerged to approximate actual figures. Although most of these proxies follow similar patterns, it is argued that none of the present approaches is free from constraints, which, in turn, affects the reliability of existing empirical studies. Research, after all, still lacks a generally accepted and holistic approach to the present day. In this context, one of the most recent findings provides a new and rather praxis-oriented perspective, by arguing that firms and investors are merely interested in a good-practice level of disclosure. Regardless of the perspective, an ultimate conclusion has yet to be revealed by the literature and it seems illusory that academics and practitioners agree on one approach in the future. Nevertheless, the contribution of this thesis was merely to structure and simplify the current state of a dynamic issue. The author therefore used easy to understand graphics and tables and linked the findings to related fields of research, where necessary.

How long is Effects of Corporate Disclosure on a Firm’s Cost of Capital?

Effects of Corporate Disclosure on a Firm’s Cost of Capital by Markus Bäder is 66 pages long, and a total of 16,896 words.

This makes it 22% the length of the average book. It also has 21% more words than the average book.

How Long Does it Take to Read Effects of Corporate Disclosure on a Firm’s Cost of Capital Aloud?

The average oral reading speed is 183 words per minute. This means it takes 1 hour and 32 minutes to read Effects of Corporate Disclosure on a Firm’s Cost of Capital aloud.

What Reading Level is Effects of Corporate Disclosure on a Firm’s Cost of Capital?

Effects of Corporate Disclosure on a Firm’s Cost of Capital is suitable for students ages 8 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy Effects of Corporate Disclosure on a Firm’s Cost of Capital?

Effects of Corporate Disclosure on a Firm’s Cost of Capital by Markus Bäder is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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