Accounting Information and Excess Stock Returns: The Role of The Cost of Capital - New Evidence From US Firm-level Data

Accounting Information and Excess Stock Returns: The Role of The Cost of Capital - New Evidence From US Firm-level Data

The goal of this article is to investigate the impact of accounting information on the cost of capital as well as how the latter influences excess returns. The analysis has certain novelties: first, it extends prior works by investigating how certain components of accounting information affect stock...

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Bibliographic Details
Main Authors: Apergis, Nicholas, Artikis, G., Eleftheriou, S., Sorros, J.
Format: Journal Article
Published: Routledge Taylor & Francis Group 2012
Subjects:
excess returns
accounting information
panel firm level
cost of capital
US manufacturing
Online Access:http://hdl.handle.net/20.500.11937/44706

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