Political connections and the cost of equity capital
Motivated by recent research on the costs and benefits of political connection, we examine the cost of equity capital of politically connected firms. Using propensity score matching models, we find that politically connected firms enjoy a lower cost of equity capital than their non-connected peers....
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| Other Authors: | , , |
| Format: | article |
| Published: |
2012
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| Online Access: | http://hdl.handle.net/11073/8654 |
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