The purpose of this study is to examine the impact of intellectual capital disclosure on the cost of equity capital in the context of integrated reporting, which represents the ultimate frontier in the field of corporate disclosure.,The authors employ content analysis to measure intellectual capital disclosure levels along with a panel analysis on a sample of 164 integrated reports.,Empirical outcomes indicate that intellectual capital disclosure levels have a significantly negative association with the cost of equity capital.,This study's major contribution lies in its originality in terms of empirical examination of the relationship between intellectual capital disclosure in integrated reports and the cost of equity capital.

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智力资本披露是否会影响股本成本？综合报告环境中的经验分析

这项研究的目的是在综合报告的背景下研究智力资本披露对权益资本成本的影响，这代表了公司披露领域的终极前沿。作者利用内容分析来衡量智力资本披露的水平以及对164个综合报告样本的面板分析。经验结果表明，智力资本的披露水平与股本成本具有显着的负相关性。本研究的主要贡献在于其对资本市场的实证检验。综合报告中的智力资本披露与股本成本之间的关系。