Research on the way of the effect information disclosure quality does on the cost of equity capital considering the time element

摘要

Based on the extended analysis of the economic time line, the paper designs dynamic and laconic operating chart of listed company, and finally proposes theoretical way about the effect the information disclosure quality does on the cost of equity capital considering the time element. The findings suggest that the disclosure of listed company, such as Bulletin and provisional notice, will affect the current stock investors, thus affecting its current cost of equity capital; while the annual reports will affect the stock investors in later stages, thus affecting the cost of equity capital in later stages.