Matches in SemOpenAlex for { <https://semopenalex.org/work/W2897615428> ?p ?o ?g. }
- W2897615428 endingPage "2692" @default.
- W2897615428 startingPage "2672" @default.
- W2897615428 abstract "Purpose The purpose of this paper is to analyze how the type of ownership and control moderates the effect of the board social capital on the implied cost of capital. To do so, the authors analyzed the effect of the board social capital by the relational resources present in its direct and heterogenous ties, considering the predictions of analysts about the implied cost of capital. Design/methodology/approach The data panel comprised 137 companies listed on the Brazilian stock exchange between the years of 2002 and 2015, generating a total of 535 observations. The authors check the robustness of the results through instrumental variables and systems of equations, as well as compete for the effect of board social capital both by the board and ownership structures. Findings Results show that the board relational resources, both in direct and heterogeneous ties, significantly reduce the implied cost of capital for private companies, but not for state-owned companies. Board social capital reduces the cost of capital even when the results compete with the board structure and concentration of ownership, being able to mitigate the discount in the cost of capital by the presence of dominant shareholders. Originality/value This study uses a more theoretically and empirically comprehensive measure of board social capital than the majority of studies that use only network position indicators. So, contrasting the effect of this measure on the implied cost of capital between private and state-owned companies, the authors also demonstrate that the board social capital can mitigate the discount by ownership concentration on the implied cost of capital." @default.
- W2897615428 created "2018-10-26" @default.
- W2897615428 creator A5000936588 @default.
- W2897615428 creator A5028623797 @default.
- W2897615428 creator A5055386336 @default.
- W2897615428 date "2019-11-11" @default.
- W2897615428 modified "2023-09-27" @default.
- W2897615428 title "Board social capital reduces implied cost of capital for private companies but not of state-owned companies" @default.
- W2897615428 cites W1508761696 @default.
- W2897615428 cites W1589073801 @default.
- W2897615428 cites W1592672351 @default.
- W2897615428 cites W1922732933 @default.
- W2897615428 cites W1964307998 @default.
- W2897615428 cites W1972260241 @default.
- W2897615428 cites W1985184213 @default.
- W2897615428 cites W1991829099 @default.
- W2897615428 cites W2009108522 @default.
- W2897615428 cites W2017167557 @default.
- W2897615428 cites W2061024215 @default.
- W2897615428 cites W2063859675 @default.
- W2897615428 cites W2071564382 @default.
- W2897615428 cites W2072500831 @default.
- W2897615428 cites W2092096460 @default.
- W2897615428 cites W2099998901 @default.
- W2897615428 cites W2113170484 @default.
- W2897615428 cites W2134672337 @default.
- W2897615428 cites W2135509167 @default.
- W2897615428 cites W2140880198 @default.
- W2897615428 cites W2161073769 @default.
- W2897615428 cites W2315132371 @default.
- W2897615428 cites W2333930280 @default.
- W2897615428 cites W2528435572 @default.
- W2897615428 cites W2612552020 @default.
- W2897615428 cites W2797367078 @default.
- W2897615428 cites W3121399625 @default.
- W2897615428 cites W3121693921 @default.
- W2897615428 cites W3121864519 @default.
- W2897615428 cites W3121872951 @default.
- W2897615428 cites W3122446759 @default.
- W2897615428 cites W3122718677 @default.
- W2897615428 cites W3122769798 @default.
- W2897615428 cites W3123013680 @default.
- W2897615428 cites W3123370480 @default.
- W2897615428 cites W3123526915 @default.
- W2897615428 cites W3124406725 @default.
- W2897615428 cites W3124849064 @default.
- W2897615428 cites W3125582413 @default.
- W2897615428 cites W3126017435 @default.
- W2897615428 doi "https://doi.org/10.1108/md-11-2017-1205" @default.
- W2897615428 hasPublicationYear "2019" @default.
- W2897615428 type Work @default.
- W2897615428 sameAs 2897615428 @default.
- W2897615428 citedByCount "3" @default.
- W2897615428 countsByYear W28976154282020 @default.
- W2897615428 countsByYear W28976154282021 @default.
- W2897615428 countsByYear W28976154282023 @default.
- W2897615428 crossrefType "journal-article" @default.
- W2897615428 hasAuthorship W2897615428A5000936588 @default.
- W2897615428 hasAuthorship W2897615428A5028623797 @default.
- W2897615428 hasAuthorship W2897615428A5055386336 @default.
- W2897615428 hasConcept C10138342 @default.
- W2897615428 hasConcept C120757647 @default.
- W2897615428 hasConcept C121955636 @default.
- W2897615428 hasConcept C144024400 @default.
- W2897615428 hasConcept C144133560 @default.
- W2897615428 hasConcept C162324750 @default.
- W2897615428 hasConcept C175444787 @default.
- W2897615428 hasConcept C181622380 @default.
- W2897615428 hasConcept C200870193 @default.
- W2897615428 hasConcept C36289849 @default.
- W2897615428 hasConcept C39389867 @default.
- W2897615428 hasConcept C57495647 @default.
- W2897615428 hasConcept C63545947 @default.
- W2897615428 hasConcept C68062652 @default.
- W2897615428 hasConcept C74734477 @default.
- W2897615428 hasConceptScore W2897615428C10138342 @default.
- W2897615428 hasConceptScore W2897615428C120757647 @default.
- W2897615428 hasConceptScore W2897615428C121955636 @default.
- W2897615428 hasConceptScore W2897615428C144024400 @default.
- W2897615428 hasConceptScore W2897615428C144133560 @default.
- W2897615428 hasConceptScore W2897615428C162324750 @default.
- W2897615428 hasConceptScore W2897615428C175444787 @default.
- W2897615428 hasConceptScore W2897615428C181622380 @default.
- W2897615428 hasConceptScore W2897615428C200870193 @default.
- W2897615428 hasConceptScore W2897615428C36289849 @default.
- W2897615428 hasConceptScore W2897615428C39389867 @default.
- W2897615428 hasConceptScore W2897615428C57495647 @default.
- W2897615428 hasConceptScore W2897615428C63545947 @default.
- W2897615428 hasConceptScore W2897615428C68062652 @default.
- W2897615428 hasConceptScore W2897615428C74734477 @default.
- W2897615428 hasIssue "10" @default.
- W2897615428 hasLocation W28976154281 @default.
- W2897615428 hasOpenAccess W2897615428 @default.
- W2897615428 hasPrimaryLocation W28976154281 @default.
- W2897615428 hasRelatedWork W1899063481 @default.
- W2897615428 hasRelatedWork W2309034794 @default.
- W2897615428 hasRelatedWork W2339659372 @default.
- W2897615428 hasRelatedWork W2576150530 @default.