The Effects of Diversification Strategy upon Cost of Equity Capital: A Global Perspectives
碩士 === 國立成功大學 === 財務金融研究所 === 102 === This study mainly examines the relationship between corporate diversification and a firm’s cost of equity capital. Our total sample is 12,474 firm-years from 40 countries. The results show that diversified firm’s cost of equity capital is larger than that of sta...
Main Authors: | , |
---|---|
Other Authors: | |
Format: | Others |
Language: | en_US |
Published: |
2014
|
Online Access: | http://ndltd.ncl.edu.tw/handle/45518814282746965293 |
id |
ndltd-TW-102NCKU5304019 |
---|---|
record_format |
oai_dc |
spelling |
ndltd-TW-102NCKU53040192016-05-22T04:40:30Z http://ndltd.ncl.edu.tw/handle/45518814282746965293 The Effects of Diversification Strategy upon Cost of Equity Capital: A Global Perspectives 以全球化觀點衡量多角化策略對公司權益資金成本之影響 Shang-WeiYu 游尚衞 碩士 國立成功大學 財務金融研究所 102 This study mainly examines the relationship between corporate diversification and a firm’s cost of equity capital. Our total sample is 12,474 firm-years from 40 countries. The results show that diversified firm’s cost of equity capital is larger than that of standalone firms. Further, we also examine the effects of different types of diversification on firm’s cost of equity capital, and perform the regression using the sample of total firms and diversified firms on cost of equity capital with two diversification measures. The results of the model for the total sample show that the effect of unrelated diversification on the cost of equity is higher than the effect of related diversification. The results of the diversified firms’ regression model also show a firm’s cost of equity capital increase with the degree of unrelated diversification. Ming-Long Wang 王明隆 2014 學位論文 ; thesis 44 en_US |
collection |
NDLTD |
language |
en_US |
format |
Others
|
sources |
NDLTD |
description |
碩士 === 國立成功大學 === 財務金融研究所 === 102 === This study mainly examines the relationship between corporate diversification and a firm’s cost of equity capital. Our total sample is 12,474 firm-years from 40 countries. The results show that diversified firm’s cost of equity capital is larger than that of standalone firms. Further, we also examine the effects of different types of diversification on firm’s cost of equity capital, and perform the regression using the sample of total firms and diversified firms on cost of equity capital with two diversification measures. The results of the model for the total sample show that the effect of unrelated diversification on the cost of equity is higher than the effect of related diversification. The results of the diversified firms’ regression model also show a firm’s cost of equity capital increase with the degree of unrelated diversification.
|
author2 |
Ming-Long Wang |
author_facet |
Ming-Long Wang Shang-WeiYu 游尚衞 |
author |
Shang-WeiYu 游尚衞 |
spellingShingle |
Shang-WeiYu 游尚衞 The Effects of Diversification Strategy upon Cost of Equity Capital: A Global Perspectives |
author_sort |
Shang-WeiYu |
title |
The Effects of Diversification Strategy upon Cost of Equity Capital: A Global Perspectives |
title_short |
The Effects of Diversification Strategy upon Cost of Equity Capital: A Global Perspectives |
title_full |
The Effects of Diversification Strategy upon Cost of Equity Capital: A Global Perspectives |
title_fullStr |
The Effects of Diversification Strategy upon Cost of Equity Capital: A Global Perspectives |
title_full_unstemmed |
The Effects of Diversification Strategy upon Cost of Equity Capital: A Global Perspectives |
title_sort |
effects of diversification strategy upon cost of equity capital: a global perspectives |
publishDate |
2014 |
url |
http://ndltd.ncl.edu.tw/handle/45518814282746965293 |
work_keys_str_mv |
AT shangweiyu theeffectsofdiversificationstrategyuponcostofequitycapitalaglobalperspectives AT yóushàngwèi theeffectsofdiversificationstrategyuponcostofequitycapitalaglobalperspectives AT shangweiyu yǐquánqiúhuàguāndiǎnhéngliàngduōjiǎohuàcèlüèduìgōngsīquányìzījīnchéngběnzhīyǐngxiǎng AT yóushàngwèi yǐquánqiúhuàguāndiǎnhéngliàngduōjiǎohuàcèlüèduìgōngsīquányìzījīnchéngběnzhīyǐngxiǎng AT shangweiyu effectsofdiversificationstrategyuponcostofequitycapitalaglobalperspectives AT yóushàngwèi effectsofdiversificationstrategyuponcostofequitycapitalaglobalperspectives |
_version_ |
1718276098116026368 |