Diantimala, Yossi; Syahnur, Sofyan; Islahuddin, Islahuddin - In: Cogent business & management 9 (2022) 1, pp. 1-18
firm value in a comprehensively recursive model. We argue that there is unidirectional dependency among the information … asymmetry, cost of capital, and such firm value, hence, for any given value of voluntary disclosure, values for information … asymmetry, cost of capital, and firm value can be determined sequentially rather than jointly. A sample of 1920 companies …