題 目：How Does XBRL Affect the Cost of Equity Capital? Evidence from an Emerging Market
主講人：陳宋生（會(huì)計(jì)系）
時(shí) 間：2013年10月14 日（星期二） 中午12:00-13:00
地 點(diǎn)：主樓418會(huì)議室
主講人簡(jiǎn)介：
陳宋生，偉德國(guó)際1946bv官網(wǎng)管理與經(jīng)濟(jì)學(xué)院會(huì)計(jì)系主任、教授、博士生導(dǎo)師。北京大學(xué)光華偉德國(guó)際1946bv官網(wǎng)工商管理（會(huì)計(jì)學(xué)）博士后，中國(guó)人民大學(xué)會(huì)計(jì)學(xué)博士，德國(guó)德國(guó)卡爾斯魯厄大學(xué)高級(jí)訪問(wèn)學(xué)者。財(cái)政部全國(guó)會(huì)計(jì)學(xué)術(shù)類(lèi)（后備）領(lǐng)軍人才，北京市優(yōu)秀人才，中國(guó)審計(jì)學(xué)會(huì)教育分會(huì)副秘書(shū)長(zhǎng)，《中國(guó)會(huì)計(jì)評(píng)論》、《中國(guó)審計(jì)評(píng)論》理事。承擔(dān)過(guò)國(guó)家自然基金、國(guó)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(huì)計(jì)研究》、《審計(jì)研究》等刊物發(fā)表過(guò)多篇論文。主要研究興趣為會(huì)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(huì)計(jì)信息可讀性等。
內(nèi)容簡(jiǎn)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.
