Akhigbe, Aigbe; McNulty, James E.; Stevenson, Bradley A. - In: International Review of Financial Analysis 29 (2013) C, pp. 24-30
Theoretical studies suggest that increased transparency reduces a firm's cost of capital (Diamond & Verrecchia, 1991). Thus, more transparency should improve financial performance. We examine the relation between firm transparency and bank holding company (BHC) profit efficiency using the number...