scholarly journals The Effects of Short Selling on Implied Cost of Equity

2018 ◽  
Vol null (81) ◽  
pp. 123-144
Author(s):  
유순미 ◽  
Hyun Jung Kang
2009 ◽  
Vol 29 (7) ◽  
pp. 599-629 ◽  
Author(s):  
António Câmara ◽  
San-Lin Chung ◽  
Yaw-Huei Wang

2019 ◽  
Vol 60 (4) ◽  
pp. 3681-3707 ◽  
Author(s):  
Ning Hu ◽  
Siqi Lu ◽  
Tao Ma ◽  
Jianfang Ye
Keyword(s):  

2008 ◽  
Vol 14 (5) ◽  
pp. 721-737 ◽  
Author(s):  
Najah Attig ◽  
Omrane Guedhami ◽  
Dev Mishra

2013 ◽  
Vol 30 (1) ◽  
pp. 15 ◽  
Author(s):  
Induck Hwang ◽  
Hyungtae Kim ◽  
Sangshin Pae

<p>This study provides evidence on the association between equity-based compensation for outside directors and the implied cost of equity capital. Based on the premise that equity-based compensation for outside directors better aligns the interests of the directors with those of shareholders, we investigate whether the more equity-based compensation is granted to outside directors, the lower cost of equity capital firms enjoy. We find a negative relationship between the proportion of equity-based compensation to total compensation for outside directors and the cost of equity capital. Our findings suggest that equity-based compensation for outside directors, by motivating the directors to play their monitoring role more faithfully, reduces agency risks resulting in the lower cost of equity capital.</p>


Sign in / Sign up

Export Citation Format

Share Document