Zhou, Wei; Lo, Y. Ling; Liu, Baohua; Chan, Kam C. - In: Borsa Istanbul Review 22 (2022) 4, pp. 752-768
We examine the impact of institutional investor cross holding (IICH) on the cost of equity. The findings suggest that IICH firms have a lower cost of equity than non-IICH firms. We find that it is mainly IICH firms in the same industry that successfully reduce their cost of equity. Additional...