...Snow Han Purpose This study aims to provide new explanation of the new issue puzzle. Design/methodology/approach This study uses market implied cost of capital (ICC), rather than ex post realized returns, as proxy for ex ante expected returns, and sheds new light...

...Nacasius Ujah Ujah; Collins E. Okafor Purpose A seemingly certain commonality in the extant literature is that firms that engage in the practice of managing earnings do so to massage their performance. The purpose of this paper is to examine the pecuniary effect of the prior cost of capital...

...Francisco Bravo; Nuria Reguera-Alvarado; María del Pilar Pérez Purpose The purpose of this paper is to analyse whether the theoretical relationship between the board composition and the cost of capital (CC) is mediated by risk disclosure (RD) practices. Design/methodology/approach Partial...

...Yves Bozec; Claude Laurin; Iwan Meier Purpose – The purpose of this study is to investigate the relationship between dominant shareholders, whose voting rights exceed cash flow rights (excess control), and firms’ cost of capital, including both equity capital and debt. Design/methodology...