5Bhattacharya U., H. Daouk & M. Welker. 2003. The World Price of Earnings Opacity. The Accounting Review, 78: 641 -678.
6Botosan C. A. 1997. Disclosure Level and the Cost of Equity Capital. The Accounting Review, 72:323 -350
7Botosan C. A. , and M. Plumlee. 2002. A Re - Examination of Disclosure Level and the Expected Cost of Equity Capital. Journal of Accounting Research, 40:21 -40
8Dye R. A. , 1988. Earnings Management in an Overlapping Generations Model. Journal of Accounting Research, 26:195 -235
9Wurgler J. 2000. Financial Markets and the Allocation of Capital. Journal of Financial Economics, 58:187 -214
