Results 261 to 270 of about 937,067 (306)

The Cost of Private Equity

SSRN Electronic Journal, 2013
Private equity (PE) has developed into a well-established asset class with strong growth in capital commitments over the last decades. Consequently, fund returns have decreased over time and investors have become more cost conscious. Based on a unique data set of 358 PE buyout funds with vintage years between 1983 and 2007, we analyze whether the ...
Ingo Stoff, Reiner Braun
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INCORPORATION CHOICE AND IMPLIED COST OF EQUITY

International Journal of Business Research, 2015
Prior studies document a Delaware incorporation effect on firm valuation, generally using Tobin’s Q, but the directional effects are mixed and inconclusive. Our study uses implied cost of equity to assess valuation, and we find consistent evidence that firms incorporated outside of their home state, either in Delaware or in other states, have a cost of
Jere R. Francis, Michael D. Yu
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Corporate Governance Quality and Cost of Equity

SSRN Electronic Journal, 2010
There are many studies demonstrating how good corporate governance positively affects the economic-financial performance of companies, but few which examine the relationship between corporate governance and cost of equity capital. These mainly focus on multiple industries, and suggest that there are positive shareholder value implications for firms ...
M. Regalli, SOANA, MARIA GAIA
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Market impact costs of institutional equity trades

Journal of International Money and Finance, 2007
This article analyzes market impact costs of equity trading by one of the world's largest pension funds. We find that, on average, these costs are small in terms of market disruption, but substantial in terms of costs for the pension fund. Average market impact costs equal 20 basis points for buys and 30 basis points for sells.
Jacob A. Bikker, Laura Spierdijk, Pieter Jelle van der Sluis   +2 more
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Political Corruption and Cost of Equity

Business & Society, 2020
Using U.S. Department of Justice data on state-level political corruption, we find that, consistent with the Harmful Corruption Environment Hypothesis (HCEH), firms situated in states with higher levels of corruption incur higher costs of equity (CoEs).
Ashrafee Tanvir Hossain, Lawrence Kryzanowski   +1 more
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Costs of Equity and Earnings Attributes

The Accounting Review, 2004
We examine the relation between the cost of equity capital and seven attributes of earnings: accrual quality, persistence, predictability, smoothness, value relevance, timeliness, and conservatism. We characterize the first four attributes as accounting-based because they are typically measured using accounting information only.
Jennifer Francis, Ryan LaFond, Per M. Olsson, Katherine Schipper   +3 more
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Comparability and Cost of Equity Capital

Accounting Horizons, 2017
SYNOPSIS We investigate how the comparability of a company's financial statements is related to its cost of equity capital. The Financial Accounting Standards Board's (FASB 2010) Statement of Financial Accounting Concept No. 8 proposes that comparability is a key tenet of accounting because it allows users of financial statements to ...
Imhof, Michael J., Seavey, Scott E., Smith, David B.   +2 more
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Climate change exposure and cost of equity

Energy Economics
In this study, we investigate the association between climate change exposure and the cost of equity financing. Using a novel dataset of US firm-level exposure to climate change risks, we find that higher exposure to climate risks co-exists with higher financing costs for the period 2010 through 2021.
Cepni, Oguzhan, Sensoy, Ahmet, Yılmaz, Muhammed Hasan   +2 more
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Comparability and Cost of Equity Capital

SSRN Electronic Journal, 2016
We investigate how the comparability of a company’s financial statements is related to its cost of equity capital. Financial Accounting Standards Board’s (FASB) Concept Statement No. 8 proposes that comparability is a key tenet of accounting because it allows users of financial statements to benchmark a firm against similar firms when distinguishing ...
Michael J. Imhof, Scott Seavey
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The Cost of Institutional Equity Trades

Financial Analysts Journal, 1998
Presented are an overview of the findings from the recent literature on the cost of U.S. equity trades for institutional investors and new evidence on trading costs from a large sample of institutional trades. The findings discussed have important implications for policymakers and investors: Implicit trading costs are economically significant; equity ...
Donald B. Keim, Ananth Madhavan
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