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Corporate reputation and the future cost of equity
Pfister, Benjamin; Schwaiger, Manfred; Morath, Tobias - In: Business Research 13 (2020) 1, pp. 343-384
Corporate reputation is an important management objective, bearing the potential to create sustainable competitive …. Applying a validated measure of reputation, we scrutinize its impact for a set of German blue-chip companies between 2005 and … 2011. We show that higher levels of reputation are associated with a lower future cost of equity. While reputation …
Persistent link: https://www.econbiz.de/10012502904
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Conditional Conservatism and the Cost of Equity Capital : Information Precision and Information Asymmetry Effects
Biddle, Gary C. - 2017
Prior studies report negative or insignificant relations between conditional conservatism and the cost of equity capital, arguing that conservatism reduces information risk. Using accounting-based conditional conservatism proxies, however, we find a significantly positive association between...
Persistent link: https://www.econbiz.de/10012973175
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Asymmetric Effects of Informed Trading on the Cost of Equity Capital
Brennan, Michael J. - 2015
We decompose the structural estimate of the probability of informed trading, PIN, into components that capture informed trading on good and on bad news. We estimate these two components at quarterly intervals, and provide new evidence that they capture informed trading around earnings...
Persistent link: https://www.econbiz.de/10013036090
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Company reputation and the cost of equity capital
Cao, Ying; Myers, James N.; Myers, Linda A.; Omer, Thomas C. - In: Review of accounting studies 20 (2015) 1, pp. 42-81
Persistent link: https://www.econbiz.de/10010503404
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Intangible resources and cross-border acquisition decisions : the impact of reputation and the moderating effect of experiential knowledge
Lamotte, Olivier; Chalençon, Ludivine; Mayrhofer, Ulrike; … - In: Journal of business research : JBR 131 (2021), pp. 297-310
Persistent link: https://www.econbiz.de/10012544996
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Information aggregation through stock prices and the cost of capital
Gorelkina, Olga; Kuhle, Wolfgang - 2013
This paper studies a firmś optimal capital structure in an environment, where the firmś stock price serves as a public signal for its credit worthiness. In equilibrium, equity investors choose how much information to acquire privately, which induces a positive relation between the amount of...
Persistent link: https://www.econbiz.de/10010189328
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Disclosure, information asymmetry and the cost of equity capital : evidence from Indonesia
Setiany, Erna; Suhardjanto, Djoko - In: Recent developments in Asian economics : international …, (pp. 351-366). 2021
Persistent link: https://www.econbiz.de/10012804527
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Intangible investments and cost of equity capital : An empirical research on Vietnamese firms
Trinh Hiep Thien; Nguyen Xuan Hung - In: Cogent economics & finance 11 (2023) 1, pp. 1-16
Together with the development of knowledge-based economy, investment in intangibles has been dramatically increasing. Although intangibles are widely recognized as primary value drivers for more firms, as evidence of many studies related to the value relevance or the market valuation of...
Persistent link: https://www.econbiz.de/10014500488
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Carbon Intensity and the Cost of Equity Capital
Trinks, Arjan - 2020
The transition from high- to lower-carbon production systems increasingly creates regulatory and market risks for high-emitting firms. We test to which extent financial investors demand a premium to compensate for such risks and thus might raise firms' cost of equity capital (CoE). Using data...
Persistent link: https://www.econbiz.de/10012853766