Hearn, Bruce; Piesse, Jenifer; Strange, Roger - In: Macroeconomics and Finance in Emerging Market Economies 3 (2010) 1, pp. 75-101
This paper estimates the cost of equity in South Africa, Kenya, Egypt and Morocco as well as the UK. Active investor participation in emerging markets is contingent on solid regulation and corporate governance that provide transparency in information and equity prices. Costs of equity, taking...