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Compliance with goodwill related mandatory disclosure requirements and the cost of equity capital Abstract Theory suggests that increased levels of corporate disclosure lead to a decrease in cost of equity via the reduction of estimation risk. We examine compliance levels with IFRS 3 and IAS 36 mandated goodwill related disclosure and their association with firms' implied cost of equity capital (ICC). Using a sample of European firms for the period 2008 to 2011, we find a median compliancedoi:10.1080/00014788.2016.1254593 fatcat:kib7vkx37bggdfqu7vpnlup2ti