... of emerging countries. We have reported the results for the whole sample and also at country and industry breakdowns. 13 04 2025 28 08 2025 21 01 2026 21 02 2026 Financial reporting quality Investment efficiency Emerging markets Firm value Information asymmetry G30 G32...

... of equity capital. Furthermore, our results remain robust to endogeneity concerns and alternative proxies for the cost of equity capital measures. Finally, we confirm that audit report lag increases the firm cost of equity capital through increasing information asymmetry and future financial restatement...

... Global financial crisis Information asymmetry Pro-cyclicality In the US and UK market-based financial systems, takeovers perform as the market for corporate control because they transfer controls of weak firms to strong firms. They are the principal form of management discipline which enhances...