RT Generic T1 Does graph disclosure bias reduce the cost of equity? A1 Muiño Vázquez, Flora A1 Trombetta, Marco A2 Universidad Carlos III de Madrid. Departamento de Economía de la Empresa, AB Research on disclosure and capital markets focuses primarily on the amount ofinformation provided but pays little attention to the presentation format of thisinformation. This paper examines the impact of graph utilization and graph quality(distortion) on the cost of equity capital, controlling for the interaction betweendisclosure and graph distortion. Despite the advantages of graphs in communicatinginformation, our results show that graph utilization does not have a significant impacton users’ decisions. However we observe a significant (negative) association betweengraph distortion and the exantecost of equity. This effect though, disappears if we userealised returns as a measure of expostcost of equity. Moreover, we find thatdisclosure and graph distortion interact so that the impact of disclosure on the cost ofcapital depends on graph integrity. For low level of overall disclosure, graph distortionreduces the exantecost of equity. However for high level of disclosure graph distortionincreases the exantecost of equity. YR 2007 FD 2007-04 LK https://hdl.handle.net/10016/702 UL https://hdl.handle.net/10016/702 LA eng DS e-Archivo RD 27 jul. 2024