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 …

This paper surveys and investigates Swedish firms' use of capital budgeting techniques for
foreign direct investments. We document that the use of the theoretically correct net present …

In this paper, we examine whether the presence of multiple large shareholders alleviates a
firm's agency costs and information asymmetry manifested in the cost of equity financing …

To analyze the prospect of a firm's advertising decision affecting shareholder wealth, this
article investigates the relationship between a firm's advertising expenditure and the market …

We investigate whether the separation between ownership and control rights can be costly
to controlling shareholders and firms in terms of capital‐raising costs. Using estimates of the …

Beta, as measured by the Capital Asset Pricing Model (CAPM), is widely used for pricing
stocks, determining the cost of capital, and gauging the extent to which markets are …

We posit that geopolitical events that elevate investor risk prompt equity investors to shift
capital from emerging markets to safer mature markets, raising the cost of equity capital for …

Existing literature has produced broadly inconclusive evidence about the asset pricing
model which best fits partially integrated markets. This paper examines whether industry and …

This paper examines the risk and return profiles of energy companies with renewable
energy (RE) investment in developing countries taking the Philippines as our country case …

Large corporations have been using derivative instruments as a tool to protect their indirect
exposure, as FX risks. A sample with 47 non-financial Bovespa Listed Brazilian companies …