信息披露成本与权益资本成本:基于会计勾稽关系的研究  

作　　者：杨红[1] 张鹏 

机构地区：[1]长安大学经济与管理学院 [2]陕西地方电力(集团)有限公司

出　　处：《企业经济》2013年第3期168-172,共5页Enterprise Economy

摘　　要：作为信息披露经济后果的重要体现,信息披露对资本成本的影响成为了资本市场会计与财务研究的重要课题。本文基于会计勾稽关系的数理分析,指出若上市公司信息披露增加所发生的每股税后信息披露成本大于信息披露增加使公司每股收益的增长额,信息披露会使公司权益资本成本上升;反之,则会使其下降;如若二者相等,则不会对其产生影响。信息披露的成本因素是讨论信息披露数量(质量)与权益资本成本关系时不可忽略的重要变量。As the important embodiment of economic consequences of information disclosure, the influence of information disclosure on capital cost has become an important research issue in accounting and finance about the capital market. Based on the ac- counting articulation analysis and case study, the paper points out that, if the aftertax information disclosure cost per share of increasing information disclosure is bigger than the increment of EPS by the increasing of information disclosure, the existence of information disclosure cost may make the cost of equity capital rise; on the contrary, make it come down; if they are equal, make it no change. At the same time, it reveals information disclosure cost cannot be ignored in discussing the relationship between information disclosure quantity （quality） and cost of e^uitv caoital.

关 键 词：信息披露成本 权益资本成本 会计勾稽关系 

分 类 号：F23[经济管理—会计学]