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National Culture and International Differences in the Cost of Equity Capital

✍ Scribed by Prof. Sidney John Gray,Assoc. Prof. Tony Kang…


Book ID
126362213
Publisher
Springer-Verlag
Year
2013
Tongue
English
Weight
515 KB
Volume
53
Category
Article
ISSN
0025-181X

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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