Similar Search Results

Ortiz-Molina, Hernán; Phillips, Gordon M. - 2010

Persistent link: https://www.econbiz.de/10003969011

Labor unions, operating flexibility, and the cost of equity

Chen, Huafeng Jason; Kacperczyk, Marcin; Ortiz-Molina, … - In: Journal of financial and quantitative analysis : JFQA 46 (2011) 1, pp. 25-58

Persistent link: https://www.econbiz.de/10008991277

Real asset illiquidity and the cost of capital

Ortiz-Molina, Hernán; Phillips, Gordon M. - In: Journal of financial and quantitative analysis : JFQA 49 (2014) 1, pp. 1-32

Persistent link: https://www.econbiz.de/10010407923

Asset Liquidity and the Cost of Capital

Ortiz-Molina, Hernán - 2010

We study the effect of real asset liquidity on a firm's cost of capital. We find an aggregate asset-liquidity discount in firms' cost of capital that is strongly counter-cyclical. At the firm-level we find that asset liquidity affects firms' cost of capital both in the cross section and in the...

Persistent link: https://www.econbiz.de/10012462661