... Earnings Equity capital Capital markets Audit quality Taiwan Value relevance, the combined effects of relevance and reliability, has been one of the primary issues in accounting‐based capital market research for two decades [1] . The related studies document that summarized accounting measure...

... by the traditional accounting variables. The empirical results support that the highest increase for R² was for the non‐manufacturing firms and the large‐size firms, for these firms the cost of equity capital has a significant incremental explanation to the change in the stock prices. This result...