Hmaittane, Abdelmajid; Bouslah, Kais; M’Zali, Bouchra - In: Review of Accounting and Finance 18 (2019) 4, pp. 635-662
Purpose: This paper aims to examine whether corporate social responsibility influences the cost of equity capital of firms operating in controversial industry sectors. Design/methodology/approach: This paper computes the ex-ante cost of equity capital implied in analyst earnings forecasts and...