国有产权、会计稳健性与权益资本成本－来自中国证券市场的证据

Based on the data of listed companies form 2007 to 2008, the relationship of accounting conservatism and cost of equity capital, and the influence of state ownership on it have been investigated. The results shows that accounting conservatism is negatively related to cost of equity capital, and state ownership lowers the influence of conservatism on cost of equity capital.