題 目：How Does XBRL Affect the Cost of Equity Capital? Evidence from an Emerging Market
主講人：陳宋生（會計(jì)系）
時 間：2013年10月14 日（星期二） 中午12:00-13:00
地 點(diǎn)：主樓418會議室
主講人簡介：
陳宋生，偉德國際1946bv官網(wǎng)管理與經(jīng)濟(jì)學(xué)院會計(jì)系主任、教授、博士生導(dǎo)師。北京大學(xué)光華偉德國際1946bv官網(wǎng)工商管理（會計(jì)學(xué)）博士后，中國人民大學(xué)會計(jì)學(xué)博士，德國德國卡爾斯魯厄大學(xué)高級訪問學(xué)者。財(cái)政部全國會計(jì)學(xué)術(shù)類（后備）領(lǐng)軍人才，北京市優(yōu)秀人才，中國審計(jì)學(xué)會教育分會副秘書長，《中國會計(jì)評論》、《中國審計(jì)評論》理事。承擔(dān)過國家自然基金、國家社科基金、教育部博士點(diǎn)、教育部人文社科等十余項(xiàng)課題，在《會計(jì)研究》、《審計(jì)研究》等刊物發(fā)表過多篇論文。主要研究興趣為會計(jì)信息披露與盈余質(zhì)量、審計(jì)質(zhì)量與經(jīng)濟(jì)后果、會計(jì)信息可讀性等。
內(nèi)容簡介：
Applying the path analysis, we examine whether and how eXtensible Business Reporting Language (XBRL) in China affects the cost of equity capital. Using a one-group pre- and post-test design, we find that XBRL reduces the cost of equity capital and contributes to higher strength of direct linkage between financial reporting quality and cost of equity capital but not the indirect linkage that is mediated by information asymmetry. Our further analysis also show that XBRL adoption leads to a greater reduction in the cost of equity capital, when there is a high level of corporate governance. Our study contributes to research on XBRL and to practice by documenting how XBRL affects the cost of equity capital.
