Showing 1 - 10 of 1,077
Persistent link: https://www.econbiz.de/10010200161
Illiquidity measures appear to be related to monthly realized returns but do they impact long-run costs of capital (CoC) for firms? Using U.S. data, we find cross-sectional evidence that, controlling for market capitalization, the Amihud (2002) measure of illiquidity is negatively related to CoC...
Persistent link: https://www.econbiz.de/10012800436
Persistent link: https://www.econbiz.de/10014431274
Persistent link: https://www.econbiz.de/10011545412
Persistent link: https://www.econbiz.de/10011350651
Persistent link: https://www.econbiz.de/10011994420
This work is an attempt to estimate the cost of equity capital characteristic among portfolios of companies listed on the Warsaw Stock Exchange in the years 1995-2017. To this end, the classic CAPM is used to estimate the cost of risk. Model tests are based on 252 monthly returns. In order to...
Persistent link: https://www.econbiz.de/10012104396
Persistent link: https://www.econbiz.de/10011627014
Persistent link: https://www.econbiz.de/10011577121