Real Asset Illiquidity and the Cost of Capital

By Hernán Ortiz-Molina, Gordon M. Phillips. Journal of Financial and Quantitative Analysis, 2014

153 citations recorded by the source corpus.

Subfields: Accounting, Finance

View Paper: https://www.semanticscholar.org/paper/c43c870dd2a5b5f0036015deaba211c68e683767

Citations in the corpus

• Real Assets and Capital Structure (2013, unknown): “As such, our methods emphasize the use of fixed-effects models. by more liquid collateral pay lower interest rates and sustain higher loan-to-value ratios.3 Ortiz-Molina and Phillips (2013) find that asset liquidity lowers the implied cost of capital.”