The political determinants of the cost of equity: Evidence from Privatization
In this paper, we investigate the political determinants of the cost of equity using a unique data set of 236 firms privatized between 1987 and 2006 in 38 countries. We find robust evidence that the cost of equity is increasing in government ownership. We also show that the cost of equity is signifi...
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| Other Authors: | , |
| Format: | article |
| Published: |
2012
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| Online Access: | http://hdl.handle.net/11073/8653 |
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