Exchange-listing effects on a firm's cost of equity capital

Dan S. Dhaliwal

doi:10.1016/0148-2963(83)90023-1

Exchange-listing effects on a firm's cost of equity capital

Dan S. Dhaliwal

Accountancy, School of

Research output: Contribution to journal › Article › peer-review

6 Scopus citations

Abstract

Matched pairs (based on asset size and industry) of a sample of exchange-listed and over-the-counter (OTC) firms are utilized to test for the existence of a statistically significant difference between them with respect to their cost of equity capital. It is found that exchange-listed firm's cost of equity capital (alternatively measured by the systematic risk and the total risk associated with a firm's rate of return) is significantly less than that of comparable OTC firms.

Original language	English (US)
Pages (from-to)	139-151
Number of pages	13
Journal	Journal of Business Research
Volume	11
Issue number	2
DOIs	https://doi.org/10.1016/0148-2963(83)90023-1
State	Published - Jun 1983

ASJC Scopus subject areas

Marketing

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10.1016/0148-2963(83)90023-1

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title = "Exchange-listing effects on a firm's cost of equity capital",

abstract = "Matched pairs (based on asset size and industry) of a sample of exchange-listed and over-the-counter (OTC) firms are utilized to test for the existence of a statistically significant difference between them with respect to their cost of equity capital. It is found that exchange-listed firm's cost of equity capital (alternatively measured by the systematic risk and the total risk associated with a firm's rate of return) is significantly less than that of comparable OTC firms.",

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AB - Matched pairs (based on asset size and industry) of a sample of exchange-listed and over-the-counter (OTC) firms are utilized to test for the existence of a statistically significant difference between them with respect to their cost of equity capital. It is found that exchange-listed firm's cost of equity capital (alternatively measured by the systematic risk and the total risk associated with a firm's rate of return) is significantly less than that of comparable OTC firms.

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Exchange-listing effects on a firm's cost of equity capital

Abstract

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