Browsing Faculty Work (AUS Sustainability) by Series "Journal of Accounting Research"
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The political determinants of the cost of equity: Evidence from Privatization
(Wiley, 2012-01)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 ...