In this paper we critically review the existing literature on methods of computing the implied cost of capital (ICC). The ICC literature is characterised by a large number of heterogeneous studies reflecting different approaches, models to assess their validity and methods to mitigate potential...

Purpose – The purpose of this paper is to address recent calls for research regarding the valuation implications of mandatory disclosure requirements (cf. Hassan et al., 2009; Leuz and Wysocki, 2008; Schipper, 2007). Design/methodology/approach – The paper measures compliance with all International...