Yang, Jianfa; Cai, Guilong; Zheng, Guojiang; Gu, Qiankun - In: China journal of accounting research : CJAR 15 (2022) 2, pp. 1-23
This paper examines the relationship between firm internationalization and cost of equity. We find that firms with a higher degree of international operations have a significantly lower cost of equity, which is more pronounced for firms in provinces with a weak institutional environment or firms...