Collins, Denton; Huang, Henry - In: Journal of Business Research 64 (2011) 4, pp. 356-362
This paper investigates the effect of management entrenchment on the cost of equity capital. Using the Bebchuk et al. (2009) entrenchment index data from 1989 through 2002, and using mainly the Ohlson and Juettner-Nauroth (2005) method to estimate the cost of capital, we find that increases...
