Ben-Nasr, Hamdi; Al-Dakheel, Abdullah Mohammed - In: International Journal of Financial Research 6 (2015) 1, pp. 68-78
In this paper, we examine whether earnings quality affects cost of equity in privatized firms. Using a multinational sample of firms privatized in developing and industrialized countries, we find strong, robust evidence that the cost of equity is positively related to the absolute value of...