Paugam, Luc; Ramond, Olivier - Université Paris-Dauphine (Paris IX) - 2015
-specific impairment-testing disclosures are negatively associated with cost of capital whereas descriptive disclosures exhibit no … association with cost of capital. Additionally, we document that firms which avoid booking impairments when low performance … indicators suggest a greater likelihood of impairments exhibit no association between impairment-testing disclosures and cost of …