The Hidden Value of Employee Pay Disclosures Evidenced through Cost of Capital
Voluntary disclosure theory suggests a firm increasing its disclosures should lower the information asymmetry component of its cost of capital. Empirical results on specific disclosures are mixed though, as individual disclosures may not provide enough value to investors in disclosure rich environme...
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Virginia Tech
2020
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| Online Access: | http://hdl.handle.net/10919/97569 |