partager
Using a sample of publicly listed banks from 62 developed and developing, including MENA, countries over the 1991-2017 period, we investigate the impact of capital on banks’ cost of equity. We report the highest median cost of equity in Lebanon with 25.1%.
ABSTRACT:
Consistent with the theoretical prediction that more equity in the capital mix leads to a fall in firms’ costs of equity, we find that better capitalised banks enjoy lower equity costs.
Consistent with the theoretical prediction that more equity in the capital mix leads to a fall in firms’ costs of equity, we find that better capitalised banks enjoy lower equity costs.
Rapport de la même institution
-
Global Value Chains – Participation and Firm Productivity: Evidence from Egypt
-
Global Value Chains – Participation and Development Opportunities: Hints from the Product Space
-
COVID-19 Policy Assessment Monitor: Mediterranean and Africa March – September 2020
-
Global Value Chains and Service Liberalisation: Do They Matter for Skill-Upgrading?
Fichier pdf à télécharger :
