Time-varying Cost of Equity Capital in Southeast Asian Countries
This paper investigates variation in the cost of equity capital for the Southeast Asian countries using firm-level data over the period of 1990-2004. It is found that decreases in the firm-level cost of equity capital have been associated with stock market liberalization and securities market development. The results of the present study suggest that earlier empirical evidence regarding the decrease in the cost of equity capital using country-level data cannot be generalized to different types of firms. There has been significant time variation in the cost of equity capital within countries and across firms. Copyright 2007 The AuthorJournal compilation 2007 East Asian Economic Association and Blackwell Publishing Ltd .
Year of publication: |
2007
|
---|---|
Authors: | Ameer, Rashid |
Published in: |
Asian Economic Journal. - East Asian Economic Association - EAEA. - Vol. 21.2007, 2, p. 207-238
|
Publisher: |
East Asian Economic Association - EAEA |
Saved in:
freely available
Saved in favorites
Similar items by person
-
Industry structure, R&D intensity, and performance in New Zealand
Ameer, Rashid, (2020)
-
Unemployment and fraud during the Great Depression in New Zealand
Othman, Radiah, (2020)
-
Ameer, Rashid, (2007)
- More ...