Ultimate ownership and the cost of capital.
This study provides empirical evidence on the role of ultimate ownership structure in explaining the variations in firms' cost of equity capital across 21 countries. Using four implied cost of equity proxies, the results show that the large discrepancy between ownership and control rights of th...
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| Format: | Others |
| Language: | English Chinese |
| Published: |
2008
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| Online Access: | http://library.cuhk.edu.hk/record=b6074716 http://repository.lib.cuhk.edu.hk/en/item/cuhk-344349 |