University of Twente Student Theses
The effect of implementing accounting standards on Swiss companies’ cost of equity capital
Steinhoff, S. (2016) The effect of implementing accounting standards on Swiss companies’ cost of equity capital.
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| Abstract: | The aim of this paper is to examine whether the cost of equity capital of a company can be influenced by the disclosure requirements imposed by different accounting standards (IFRS/US GAAP and Swiss GAAP FER). By analyzing several changes made by Swiss companies of their adopted accounting standards, this paper will discuss the question of whether these changes resulted in economic benefits. The results of this paper are in line with findings of previous research on the effect on cost of equity by different accounting standards. When changing the accounting standard back to the local Swiss accounting standard, Swiss GAAP FER, the observed Swiss companies displayed a higher cost of equity capital. Further this paper documents an interesting discussion with additional regression variables for risk and size. |
| Item Type: | Essay (Bachelor) |
| Clients: | 1988 |
| Faculty: | BMS: Behavioural, Management and Social Sciences |
| Subject: | 85 business administration, organizational science |
| Programme: | International Business Administration BSc (50952) |
| Link to this item: | https://purl.utwente.nl/essays/70216 |
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