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Keywords: cost of capital
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Journal Articles
Journal of International Accounting Research (2020) 19 (1): 29–55.
Published: 01 March 2020
... to reliability concerns. We find that firms with higher levels of R&D disclosures that are not suspect of earnings management generally have lower cost of capital and higher market values. Their cost of capital increase and market values decrease with higher R&D capitalization, indicating...