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- W2802030310 abstract "This paper explicitly examines the interactive impact of country level legal and financial development, and firm level governance attributes on the cost of equity capital. Using a comprehensive sample of 7380 firm years drawn from 22 developed countries, we show that firm level governance attributes affect the cost of equity capital only in the Common Law countries with high level of financial development. Our study is the first to highlight the complementary effects of legal origin, financial development and firm level governance attributes in influencing the cost of equity capital." @default.
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- W2802030310 date "2010-01-01" @default.
- W2802030310 modified "2023-09-27" @default.
- W2802030310 title "Corporate governance and cost of equity: do financial development and legal origin matter?" @default.
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