Motivated by recent research on the costs and benefits of political connection, we examine the cost of equity capital of politically connected firms. Using propensity score matching models, we find that politically connected firms enjoy a lower cost of equity capital than their non-connected...

Motivated by recent research on the link between geographic proximity and information risk, we examine the impact of geographic location on a firm's ownership structure and cost of equity capital using a large sample of newly privatized firms from 47 countries. We find that the greater the...

Motivated by recent research on the costs and benefits of political connection, we examine the cost of equity capital of politically connected firms. Using propensity score matching models, we find that politically connected firms enjoy a lower cost of equity capital than their non-connected...

We investigate the impact of sovereign wealth fund (SWF) investment on the ex ante (implied) cost of equity capital of targeted firms. Using an international sample of 310 targets involved in 403 SWF deals and their matched firms, we find that targeted firms exhibit, on average, a higher cost of...