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This study examines the relation between province-level financial development and the cost of equity in China. Our main … integration and the split-share structure reform in lowering the cost of equity. We also find that lack of banking competition and …
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The cost of equity capital (ICC) is a crucial component of investment decisions and corporate performance evaluations. This study explores the effect of a region's religious atmosphere on ICC and finds that ICC tends to be lower when stronger religious atmosphere is created. We further use the...
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