Hu, Ning; Chen, Hong; Liu, Muhua - In: China journal of accounting research : CJAR 11 (2018) 2, pp. 151-169
The cost of equity capital (ICC) is a crucial component of investment decisions and corporate performance evaluations. This study explores the effect of a region's religious atmosphere on ICC and finds that ICC tends to be lower when stronger religious atmosphere is created. We further use the...
