Legal Protection of Investors, Corporate Governance, and the Cost of Equity Capital

623 citations recorded by the source corpus.

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

Corporate finance and governance in emerging markets: A selective review and an agenda for future research (2011, background): “Chen et al. (2009) find that, in emerging markets, firmlevel corporate governance has a significantly negative effect on the cost of equity capital and this corporate governance effect is stronger in countries that provide relatively poor legal protection of investors.”
Corporate boards and the performance of Asian firms: A meta-analysis (2012, background): “Because institutional owners are likely to have very little influence over the firms in which they invest we suspect that they will “select” for good governance and invest only in well governed firms (Chen et al., 2009; Heugens et al., 2009).”
Corporate Environmental Responsibility and the Cost of Capital: International Evidence (2016, background): “…(measured 6 months after the fiscal year end instead of 10 months after the fiscal year end) following Guay et al. (2005) and Hail and Leuz (2006), and controlling for price momentum estimated as compound stock returns over the past 6 months following Guay et al. (2005) and Chen et al. (2009).”