This empirical research study deals with an interesting, yet little explored, comparative relationship between cost of equity capital and leverage in matched sets of U.S. domestic firms and multinational corporations (MNCs) in a cross-sectional as well as time-series framework. Applying the...

For US firms with extreme foreign exchange (FX) exposure levels, we ask whether the single-factor global capital asset pricing model (CAPM) yields significantly different cost of equity estimates from the local CAPM. For a sample of US firms from 2000 to 2007, we find a clear and statistically...

For U.S. firms with extreme foreign exchange (FX) exposure levels, we ask whether the single-factor global CAPM yields significantly different cost of equity estimates from the local CAPM. For a sample of U.S. firms from 2000-2007, we find a clear and statistically significant relation between...

For US firms with extreme foreign exchange (FX) exposure levels, we ask whether the single-factor global capital asset pricing model (CAPM) yields significantly different cost of equity estimates from the local CAPM. For a sample of US firms from 2000 to 2007, we find a clear and statistically...

Grantley Tayler Grant Richardson Ahmed Al-Hadi and Ivan Obaydin. Abstract: This study examines the effect of tax haven utilization on the implied cost of equity capital (ICOE) based on a sample of publicly-listed U.S. multinational firms over the 2006–2014 period. Our regression results show...