This paper explores the relationship between ownership structure and cost of capital. Prior studies have established links between ownership structure, firm performance and cost of capital but their results are mixed and inconclusive. As ownership structure is one of the important issues faced...

A well-established view that exists is that firms in a developed financial market take advantage of market valuations when making financial decisions. Whether firms in developing financial markets follow a similar behavior is not clear. Therefore, this research extends the prior literature by...