• A
  • A
  • A
  • ABC
  • ABC
  • ABC
  • А
  • А
  • А
  • А
  • А
Regular version of the site

Working paper

NON-FINANCIAL REPORTING AND COST OF CAPITAL IN THE BRICS COUNTRIES

This paper considers non-financial information disclosure impact on the cost of capital in the forms of cost of equity, cost of debt, and the weighted average cost of equity (WACC) in the BRICS countries. It was revealed that companies published non-financial report have lower cost of capital. Cost of debt, cost of equity, and WACC reduces after non-financial report publication. Six industries, where the cost of equity and debt capitals is lower for companies published non-financial reports, were determined: consumer discretionary, energy, industrials, information technology, healthcare, and materials. Moreover, according to the analysis, companies that issued non-financial reports have a lower cost of equity capital growth rate.