Abstract The paper researches the economic consequence of accounting conservatism by analyzing the relationship among institutional ownership characteristic, accounting conservatism and cost of equity of listed companies in China. It is found that accounting conservatism is significantly negative related to cost of equity, and accounting conservatism contribute to lower the company's cost of equity, and this negative correlation is more significant in the high proportion of institutional ownership of companies.
ZHANG Ku-Li. Institutional Ownership, Accounting Conservatism and Cost of Equity——Empirical Evidence From China's Capital Market. Economic Survey, 2012, 1(5): 0117.
2012, Vol. 1 
