International Differences in the Cost of
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LUZI HAIL; CHRISTIAN LEUZ
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Article
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2006
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John Wiley and Sons
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English
β 359 KB
This paper examines international differences in firms' cost of equity capital across 40 countries. We analyze whether the effectiveness of a country's legal institutions and securities regulation is systematically related to crosscountry differences in the cost of equity capital. We employ several