...Shan Jin; Christopher Gan; Dao Le Trang Anh Purpose Using a novel measure of firm-level exposure to climate opportunity from 2002 to 2022, this paper examines the impact of climate opportunity exposure on the cost of capital for nonfinancial listed firms in emerging markets. Design/methodology...

.... Conclusions under normality vs under t can be drastically different for estimating expected returns and Jensen’s αs, and for testing asset pricing models. Practical implications The results provide improved estimates of cost of capital and asset moment parameters that are useful...

...Raheel Safdar; Chen Yan Purpose – The purpose of this paper is to investigate information risk in relation to cost of capital and, also, whether information risk is a priced risk factor in China. Design/methodology/approach – The authors used accruals quality (AQ) as the measure...

..., suggesting that conservatism can expend the level of investment by decreasing information asymmetry and cost of capital; however, the association between accounting conservatism and capital expenditure is significantly negative when inside capital is enough to use for investment, suggesting that conservatism...