The Relation Between Earnings Quality and Cost of Equity and the Role of Ownership Concentration:
蒙语Evidence from Italy
期刊名称： The International Journal of Accounting个性符号可复制
作者： Davide Rizzotti,Claudia Frinna,Claudia Frinna,Daniele Greco,Daniele
Greco会计报告
年份： 2021年
期号： 第03期
小油菜
关键词： Earnings quality;cost of equity;ownership concentration;Type II agency problemItaly当然用英语怎么说
摘要：This study aims to replicate the analysis of the relationship between earnings quality and cost of equity in the Italian context, a context characterized by high ownership concentration and weak investor protection dominated by the type
II agency problem. We hypothesize a different intensity of the earnings quality–cost of equity relation between concentrated-held firms and disperd-held ones. The analysis is bad on a sample of 774 firm-year obrvations from 128 Italian nonfinancial listed firms, from 2011 to 2017. Empirical results confirm the existence
of a negative relationship between earnings quality and cost of equity. Moreover, findings show that in Italy, this relation is stronger for firms with concentrated ownership and weaker for firms with more disperd ownership. Consistent with our hypothesis, this
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