Purpose – The purpose of this paper is to investigate the relationship between corporate governance and cost of equity capital for a set of Spanish firms. Design/methodology/approach – The paper focuses on five board characteristics that have received widespread attention in corporate...

Purpose – The paper seeks to highlight the differences among EU countries in a series of institutional factors (e.g. enforcement, securities regulation, investor protection and ownership concentration) in order to test whether these differences are associated with the European variability in...