期刊名称：International Journal of Hybrid Information Technology
印刷版ISSN：1738-9968
出版年度：2016
卷号：9
期号：8
页码：277-288
出版社：SERSC
摘要：It is unclear to what extent accounting information can reduce capital risks related to the expected return on a firm’s stock, this is a nonlinear problem; meanwhile, PCA-BP method is suitable for nonlinear problem. This study evaluates accounting information' effect on listed companies' capital cost at Stock Exchange based on PCA-BP method. Results show that implementation of accounting information at listed companies can evaluate the cost of capital by the internal controls, the quality of the financial reports and the process of the company’s transactions. Our finding provides a direct link between the evaluation of a firm's accounting information and its cost of capital.
