Relevant bibliographies by topics / Cost of equity / Dissertations / Theses
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Dissertations / Theses on the topic 'Cost of equity'

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Published: 4 June 2021
Last updated: 25 July 2025

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1

Jia, Yihui. "Cost of equity and property insurance : evidence from China." Thesis, University of Bath, 2013. https://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.665438.

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This thesis addresses the question of whether corporate risk management adds value to a firm by examining the linkage between the cost of equity capital and property insurance in China. Over the last decade or so, several studies have examined the direct impact of risk management (derivatives or insurance use) on firm value. Utilizing an agency theory framework, the present study adds to the extant literature by investigating the corporate risk management-value relation from a more focused and novel perspective using a panel data set of 395 publicly listed Chinese companies (PLCs) for the peri
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2

Bångman, Gunnel. "Equity in cost benefit analysis by using distributional weights." Saarbrücken VDM Verlag Dr. Müller, 2006. http://d-nb.info/991198069/04.

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3

Gharaibeh, Omar Khlaif. "Essays in Industry Cost of Equity and Return Dynamics." Thesis, Griffith University, 2014. http://hdl.handle.net/10072/365919.

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Industry-level equity research is a relatively small but rapidly growing area of interest to finance academics. Costs of equity estimation as well as investigations into various anomalies such as the momentum, contrarian, value and size effects have mostly focused on individual stock returns rather than industry returns. Using a sample of U.S. industry returns, this thesis investigates two broad areas: industry cost of equity estimation and aspects of industry return predictability. This thesis presents three empirical chapters that cover industry cost of equity estimation, an examination of t
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4

PILOTO, LUCAS AUGUSTO DE MORAIS. "INTEREST ON EQUITY AND THE WEIGHTED AVERAGE COST OF CAPITAL." PONTIFÍCIA UNIVERSIDADE CATÓLICA DO RIO DE JANEIRO, 2008. http://www.maxwell.vrac.puc-rio.br/Busca_etds.php?strSecao=resultado&nrSeq=12687@1.

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PONTIFÍCIA UNIVERSIDADE CATÓLICA DO RIO DE JANEIRO<br>Diversos métodos são utilizados para o cálculo do valor justo de uma empresa. Dentre os métodos mais usados, estão o método do fluxo de caixa descontado, onde os fluxos de caixa estimados da empresa são trazidos a valor presente por uma taxa para se chegar a uma estimativa de valor da empresa. Esta taxa é uma média ponderada do custo de capital próprio e do custo de capital de terceiros, sendo conhecida pela sigla WACC. No Brasil, entretanto, existe uma peculiaridade na legislação que influencia o método de cálculo do WACC: os Juros sobre C
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5

Aldaya, Wael Hamdi. "Index revisions, market quality and the cost of equity capital." Thesis, University of Bradford, 2012. http://hdl.handle.net/10454/5687.

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This thesis examines the impact of FTSE 100 index revisions on the various aspects of stock market quality and the cost of equity capital. Our study spans over the period 1986-2009. Our analyses indicate that the index membership enhances all aspects of liquidity, including trading continuity, trading cost and price impact. We also show that the liquidity premium and the cost of equity capital decrease significantly after additions, but do not exhibit any significant change following deletions. The finding that investment opportunities increases after additions, but do not decline following de
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6

Hu, Jinshuai. "Accounting information, the cost of equity capital and CEO turnovers." HKBU Institutional Repository, 2011. http://repository.hkbu.edu.hk/etd_ra/1267.

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7

Pryor, Charles R. "Conservatism & the cost of equity capital an information perspective /." Diss., Mississippi State : Mississippi State University, 2008. http://library.msstate.edu/etd/show.asp?etd=etd-07232008-144150.

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8

Chen, Linda H. "Income Smoothing, Information Uncertainty, Stock Returns, and Cost of Equity." Diss., The University of Arizona, 2009. http://hdl.handle.net/10150/195458.

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This dissertation examines the effect of income smoothing on information uncertainty, stock returns, and cost of equity. Following existing literature, I construct two income smoothing measures - capturing income smoothing through both total accruals and discretionary accruals. I show that income smoothing tends to reduce firms' information uncertainty, as measured by stock return volatility, analyst forecast dispersion, and analyst forecast error. Further, I provide evidence that market prices income smoothing and rewards income smoothing firms with a premium. Controlling for unexpected earn
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9

Xypolia, Aspasia 1976. "Investing (in) equity : how can urban development internalize social cost?" Thesis, Massachusetts Institute of Technology, 2011. http://hdl.handle.net/1721.1/67247.

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Thesis (M.C.P.)--Massachusetts Institute of Technology, Dept. of Urban Studies and Planning, 2011.<br>Cataloged from PDF version of thesis.<br>Includes bibliographical references (p. 113-118).<br>This thesis recognizes the social costs created by privately driven urban development while also acknowledging cities' fiscal dependence on local property taxes. This study is based on the premise that equitable spatial distribution of affordable housing can alter existing social perceptions and norms while providing a better quality of life to residents with less income capacity. Using as case studie
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10

Aldaya, Wael H. "Index revisions, market quality and the cost of equity capital." Thesis, University of Bradford, 2012. http://hdl.handle.net/10454/5687.

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This thesis examines the impact of FTSE 100 index revisions on the various aspects of stock market quality and the cost of equity capital. Our study spans over the period 1986¿2009. Our analyses indicate that the index membership enhances all aspects of liquidity, including trading continuity, trading cost and price impact. We also show that the liquidity premium and the cost of equity capital decrease significantly after additions, but do not exhibit any significant change following deletions. The finding that investment opportunities increases after additions, but do not decline following de
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11

Swartz, Charlene. "Disclosure level and the cost of equity capital : South African evidence." Master's thesis, University of Cape Town, 2008. http://hdl.handle.net/11427/5687.

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12

Allee, Kristian Dietrich. "Estimating cost of equity capital with time-series forecasts of earnings." [Bloomington, Ind.] : Indiana University, 2008. http://gateway.proquest.com/openurl?url_ver=Z39.88-2004&rft_val_fmt=info:ofi/fmt:kev:mtx:dissertation&res_dat=xri:pqdiss&rft_dat=xri:pqdiss:3331266.

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Thesis (Ph.D.)--Indiana University, Kelley School of Business, 2008.<br>Title from PDF t.p. (viewed on Jul 23, 2009). Source: Dissertation Abstracts International, Volume: 69-11, Section: A, page: 4394. Adviser: James M. Wahlen.
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13

Fernandes, Miguel dos Santos. "Equity Research - Portucel." Master's thesis, Instituto Superior de Economia e Gestão, 2013. http://hdl.handle.net/10400.5/6501.

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Mestrado em Finanças<br>A definição do melhor método de avaliação de empresas tem sido alvo de debate nos últimos anos. O trabalho aqui desenvolvido foca-se na avaliação da empresa Portucel – Empresa Produtora de Pasta e Papel, e pretende chegar a um modelo de avaliação que seja o mais adequado às suas características. Este objectivo é cumprido através de um estudo que inclui duas componentes. Por um lado, é realizada uma revisão de literatura baseada no conjunto de informações e estudos recolhidos a partir de publicações e artigos científicos sobre a avaliação de empresas; por outro, é feita
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14

Pulido, Matilde Maia Mendes. "Corporate tax avoidance and ex ante equity cost of capital in Europe." Master's thesis, Instituto Superior de Economia e Gestão, 2016. http://hdl.handle.net/10400.5/13106.

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Mestrado em Finanças<br>A presente dissertação pretende analisar a relação entre o nível de planeamento fiscal e o custo de capital ex ante na Europa, tendo em consideração as características específicas de cada país dado o contexto de maior concorrência fiscal entre empresas. Os resultados obtidos mostram que os investidores têm uma percepção diferente sobre o nível de planeamento fiscal praticado consoante a evolução deste. A análise realizada evidencia que à medida que o nível de planeamento fiscal adoptado aumenta de um nível baixo (low tax avoidance) para um nível mais elevado (high tax a
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15

Graham, Kyle Stephen. "The cost of equity capital in a regulatory environment: an international comparison." Master's thesis, University of Cape Town, 2015. http://hdl.handle.net/11427/15473.

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South Africa's electricity tariff determinations have been a matter of much public debate. This has been highlighted in popular media in South Africa, with above inflation increases in electricity tariffs allowed by the National Energy Regulator of South Africa (NERSA) in Multi-Year Price Determination (MYPD) 2 and MYPD 3. However these increases are below those applied for by Eskom. Estimating the cost of equity capital is a key element of the tariff determination process. This study therefore aims to evaluate the cost of equity methodologies used by regulators, and to assess whether NERSA's
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16

Dadzie, Dominic S. "Cost Sharing and Equity in Higher Education: Experiences of Selected Ghanaian Students." View abstract, 2009. http://gateway.proquest.com/openurl?url_ver=Z39.88-2004&res_dat=xri:pqdiss&rft_val_fmt=info:ofi/fmt:kev:mtx:dissertation&rft_dat=xri:pqdiss:3371486.

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17

Gomes, Rita Simões. "Equity Research CTT- Correios de Portugal, S.A." Master's thesis, Instituto Superior de Economia e Gestão, 2016. http://hdl.handle.net/10400.5/12772.

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Mestrado em Contabilidade, Fiscalidade e Finanças Empresariais<br>Os CTT - Correios de Portugal, S.A, (CTT) são um grupo empresarial português, fundado em 1520, líder no negócio dos correios. A empresa foi alvo de privatização com início em 2013 e fim em 2014, tornando-se atualmente a única empresa Portuguesa com 100% do seu capital em "free float" no PSI20. Os desafios para o futuro dos CTT passam por contrariar o efeito negativo das novas tecnologias no negócio dos correios, tirar partido da tendência de crescimento das encomendas de forma a ganhar participação no mercado e desenvolver o neg
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18

Leung, Raymond Wai-To. "Cost of equity effects from mandatory IFRS adoption : the importance of reporting incentives." Thesis, Heriot-Watt University, 2013. http://hdl.handle.net/10399/2624.

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This thesis examines how the cost of equity associates with reporting incentives in mandatory IFRS adoption for [18] European Union (EU) countries. First, with more data available for the post-adoption period, prior studies are extended by measuring if the mandatory adoption of IFRS in 2005 reduces the cost of equity. Second, using a comprehensive set of reporting incentives by both firm-specific core business factors (CBF) and internal corporate governance (ICG), and country-specific institutional environment factors (IEF), this study further investigates if both individual and interactive ef
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19

Singh, Rohit. "The Effect of Options Backdating Disclosures on the Implied Cost of Equity Capital." Diss., The University of Arizona, 2008. http://hdl.handle.net/10150/194764.

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In this dissertation, I examine the influence of firm-specific disclosures regarding potential backdating of past stock option grants on investor risk perceptions measured by the implied cost of equity capital. Using four different measures, univariate tests provide only weak evidence that investors charge a higher cost of capital when firms announce investigations of past stock option grants to uncover potential backdating and charge a lower cost of capital after conclusion of reviews and filing of delayed and restated financial statements. The regression results are inconsistent across diff
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20

Hijazi, Bassem. "Bank Loans as a Financial Discipline: A Direct Agency Cost of Equity Perspective." Thesis, University of North Texas, 2006. https://digital.library.unt.edu/ark:/67531/metadc5411/.

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In a 2004 study, Harvey, Lin and Roper argue that debt makers with a commitment to monitoring can create value for outside shareholders whenever information asymmetry and agency costs are pronounced. I investigate Harvey, Lin and Roper's claim for bank loans by empirically testing the effect of information asymmetry and direct agency costs on the abnormal returns of the borrowers' stock around the announcement of bank loans. I divide my study into two main sections. The first section tests whether three proxies of the direct agency costs of equity are equally significant in measuring the direc
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21

Najera, Ruiz Tonatiuh. "Integrating Equity and Efficiency Considerations in the Evaluation of public decision." Doctoral thesis, Universitat Autònoma de Barcelona, 2003. http://hdl.handle.net/10803/3998.

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22

Bångman, Gunnel. "Equity in welfare evaluations : the rationale for and effects of distributional weighting /." Örebro : Örebro University : Universitetsbiblioteket, 2006. http://urn.kb.se/resolve?urn=urn:nbn:se:oru:diva-309.

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23

Upreti, Vineet. "Reinsurance and the cost of equity in the United Kingdom's non-life insurance market." Thesis, University of Bath, 2014. https://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.629669.

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The link between the cost of equity and reinsurance purchased by insurers is examined in this study. This work extends the research on the economic value implications of corporate risk management practices. Utilising a framework based on the theory of optimal capital structure, this study puts forward two hypotheses to test empirically the cost of equity – reinsurance relation in the United Kingdom’s non-life insurance market. The first hypothesis tests the effect of the decision to reinsure on the insurers’ cost of equity, whereas the second hypothesis focuses on the link between the extent o
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24

Mesquita, Filipa Geraldes Marques. "Equity research - Novabase." Master's thesis, Instituto Superior de Economia e Gestão, 2014. http://hdl.handle.net/10400.5/6541.

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Mestrado em Contabilidade, Fiscalidade e Finanças Empresariais<br>A elaboração deste equity research tem essencialmente três propósitos. Em primeiro, estudar a complexidade da temática sobre avaliação de empresas que nos últimos anos tem ganho relevo, devido essencialmente às incertezas sobre a sustentabilidade económico-financeira mundial que se reflete no desempenho das empresas e consequentemente no seu valor. Em segundo, avaliar o maior grupo português em Tecnologias de Informação – a Novabase, devido à sua dimensão e destaque que tem tido nos últimos anos. Por último, tecer uma recomendaç
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Soeriowardojo, Gino Thomas. "Valuation in High Growth Markets: Capturing Country Risk in the Cost of Equity Capital." Thesis, Jönköping University, JIBS, Accounting and Finance, 2010. http://urn.kb.se/resolve?urn=urn:nbn:se:hj:diva-12431.

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<p>This paper adds to the understanding and transparency of equity pricing in emerging markets. Its novel contribution is that it empirically investigates the pricing of Country Risk in BRIC markets, using a two-factor intertemporal pricing model. Bridging the gap between academics and practitioners, this paper contributes to the debate as to whether or not it is justified to adjust discount rates for emerging market companies – as given by the CAPM – by including an unconditional country risk premium. In choosing between country risk proxies, the sovereign yield spread adjusted for relative e
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RendySentosa and 王孟涛. "CEO Overconfidence and Cost of Equity." Thesis, 2019. http://ndltd.ncl.edu.tw/handle/4z59px.

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Guo, You-Cheng, and 郭又誠. "Bargaining Power and the Cost of Equity." Thesis, 2016. http://ndltd.ncl.edu.tw/handle/87466842503962438164.

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碩士<br>國立暨南國際大學<br>財務金融學系<br>104<br>The thesis investigates the correlation between a company’s bargaining power and cost of equity by adopting Compustat non-financial firms during 1990 to 2014 as the original study sample. Empirical results show that bargaining power is significantly and negatively correlated to the cost of equity, revealing that companies with stronger bargaining power uses their advantages to improve transaction condition to stabilize earning volatility, and further to cut down cost of equity capital. Further, this study finds that bargaining power is also significantly and
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WEI, CHIN-YEN, and 魏進彥. "Corporate Governance, Real Option, Cost Of Equity." Thesis, 2019. http://ndltd.ncl.edu.tw/handle/d88a5r.

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碩士<br>輔仁大學<br>會計學系碩士班<br>107<br>This thesis examines the effect of information transparency and corporate governance strength on cost of equity capital, respectively. In addition, this study examines whether the relationship between company's industry business cycle and type of real option is affected by information transparency (corporate governance). This study post that during periods with abundant investment options, defined as booms, the company with stronger information transparency (corporate governance) has more growth option. Therefore, if company's industry is in economic growth, com
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Pei-YunTeng and 鄧沛芸. "How Brand Equity Affects Cost of Capital." Thesis, 2018. http://ndltd.ncl.edu.tw/handle/nnshaz.

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碩士<br>國立成功大學<br>國際企業研究所<br>105<br>Most investors examine risk and return before making decisions. Previous studies focus more on marketing-based activities and intangibles assets they generate. Other than that, several researches also measure intangible assets such as brand equity and the benefits they have brought. However, little research has discussed about the relation and benefits of intangible assets under different circumstances. The primary objective of this study is to examine the impact brand equity has on firms’ cost of capital with two moderators: HHI and stock market developme
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Chueh, Yun Jung, and 闕韻容. "Earnings quality, risk factors and cost of equity." Thesis, 2011. http://ndltd.ncl.edu.tw/handle/55502459434427214575.

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碩士<br>國立政治大學<br>會計研究所<br>99<br>This study investigates the relation among earnings quality, risk factors and cost of equity, especially, the existence of the effect of earnings quality on cost of equity while risk factors are considered, and the impact order of determinants of cost of equity. Fur measures of earnings quality are examined in the study of determinants of cost equity. We investigate how three individual measures of earnings quality and risk factors affect cost of equity. Then, we use the common factor score of these three individual measures of earnings quality as a composite of
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31

Lin, Keng-Min, and 林耿民. "Equity investments, Earnings Quality, and Cost of Debt." Thesis, 2009. http://ndltd.ncl.edu.tw/handle/10687747070788427834.

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碩士<br>國立臺灣大學<br>會計學研究所<br>97<br>This thesis would like to address whether the pricing of cost of debt on earnings quality would be affected by a firm’s equity investments. Self constructed measures in measuring parent-subsidiaries investment relationship and the percentage of investment in mainland China are applied to test the interaction relationship with earnings quality. Data from parent statements and consolidated statements are both obtained and form two parallel tests. The findings show that the negative relationship between earnings quality and cost of debt tend to be more pronounced i
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LIU, SHUI-EN, and 劉水恩. "Accounting for inputing interest cost on equity capital." Thesis, 1986. http://ndltd.ncl.edu.tw/handle/56263045715112839060.

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33

Chang, Jung-Hua, and 張榮華. "The relationship between brand equity and transaction cost." Thesis, 2006. http://ndltd.ncl.edu.tw/handle/12289107431217413680.

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碩士<br>東吳大學<br>國際貿易學系<br>94<br>This study was intended to examine the relationship between brand equity and transaction cost. In research, we chose the three conceptions about brand equity: brand knowledge, perceived quality and brand loyalty. And there are also three conceptions about transaction cost (TC): searching information cost (SIC), moral hazard cost (MHC) and specific hold up cost (SHC). Drawing upon the brand equity and TC literature, this study focuseds on how brand equity form. The major findings are summarized as follows: 1.There was little evidence supporting a significant r
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Hsiao, Yu, and 蕭玗. "American Catastrophe Equity Put Evaluation and Cost Processing." Thesis, 2018. http://ndltd.ncl.edu.tw/handle/hn53hx.

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碩士<br>國立交通大學<br>財務金融研究所<br>106<br>A Catastrophe Equity Put (abbreviated as “CatEPut”) is a hedging derivatives for an insurance company. The insurance firm can purchase CatEPuts from reinsurance companies or investors to ensure that it has the right to sell its new shares to investors at a predetermined strike price to get emergent fund injections if the accumulated loss of catastrophes exceeds a predetermined threshold and the stock price is lower than the strike price. Previous research like Cox(2004) evaluating CatEPut by directly simulating the influences of catastrophes on the stock price
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Huang, Yun-Hsuan, and 黃芸瑄. "An Empirical Study of Taiwan Equity Mutual Fund Cost." Thesis, 2012. http://ndltd.ncl.edu.tw/handle/b65sg7.

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碩士<br>國立東華大學<br>經濟學系<br>100<br>Using inflow, outflow, and net flow rates to proxy for the investor behavior of, this study examines the relationship between mutual fund investors and implicit costs in Taiwan. There are two different kinds of investors. One is internet investors who tend to buy and sell funds through voice or internet, and the others, over-the-counter investors, tend to buy and sell funds through banks, insurance company or brokers. Our study shows that internet investors tend to purchase and redeem funds with low management fees and low securities transaction fees, while over-
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Chia-lin, Chiu. "The relationship between audit quality and cost of equity." 2006. http://www.cetd.com.tw/ec/thesisdetail.aspx?etdun=U0001-2606200610563900.

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Dong-YuKo and 柯東育. "Value of Strategic Alliances：Evidence from the Cost of Equity." Thesis, 2013. http://ndltd.ncl.edu.tw/handle/rsd57a.

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碩士<br>國立成功大學<br>國際企業研究所碩博士班<br>101<br>The objective of this study is to examine the relationship between strategic alliances and cost of equity. I hypothesize that the participation of strategic alliances lowers a firm’s cost of equity because of three functions of strategic alliances, including stability of firm’s future profit, reduction in information asymmetry and creating synergy effect. I obtain strategic alliance data for the period 2000–2009 from the Security Data Corporation’s (SDC). My supplementary data are collected from the Center for Research in Security Prices (CRSP) and Compust
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38

Hong-JyunChen and 陳虹君. "Strategic Alliances and the Cost of Raising Equity Capital." Thesis, 2016. http://ndltd.ncl.edu.tw/handle/xa6usd.

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碩士<br>國立成功大學<br>會計學系<br>104<br>This study examines the relationship between strategic alliances and the cost of raising equity capital. The primary issue is whether the experience of strategic alliances that three years before SEO will mitigate the flotation cost of seasoned equity offerings. We expect that the experience of strategic alliance can reduce the degree of information asymmetry, thereby mitigate the flotation cost of SEO. The costs of raising equity capital include two measurements, which are gross spread and announcement return, respectively. Our empirical results show that firms
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Chiu, Chia-lin, and 邱佳玲. "The relationship between audit quality and cost of equity." Thesis, 2006. http://ndltd.ncl.edu.tw/handle/48949020459989938440.

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碩士<br>國立臺灣大學<br>會計學研究所<br>94<br>Whether investors price audit quality, the proxy for the information risk, is investigated in this study. Audit quality is measured in this research as audit firm size, industry specialist, economic dependence on a specific-client, accrual quality and audit firm tenure. Based on theoretical models predicting a positive association between information risk and cost of equity, the finding suggests that poorer audit quality is associated with higher costs of equity even after controlling for auditors’ potential self-selection bias.
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Lin, Shin-Yi, and 林欣怡. "The Relationship between Corporate Transparency and Cost of Equity." Thesis, 2003. http://ndltd.ncl.edu.tw/handle/60476848313610517564.

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Yu-ShiangHuang and 黃郁翔. "Geographic Diversification, Corporate Governance and Cost of Equity Capital." Thesis, 2014. http://ndltd.ncl.edu.tw/handle/76183915899245926339.

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碩士<br>國立成功大學<br>財務金融研究所<br>103<br>This study mainly examines the effect of geographic diversification and corporate governance on firm’s cost of equity capital. We use the data of global corporations across over 33 countries from 2002 through 2012, and firm samples are classified into those from the United States, Japan and other countries. The results show regardless of country, increases in geographic diversification increases firm cost of equity capital, while the better the corporate governance, the lower the cost of equity capital. Therefore, this study further examines the interaction ef
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42

Tsai, Chih-Ling, and 蔡知伶. "Earnings Quality,Insider Trading and Cost of Equity Capital." Thesis, 2007. http://ndltd.ncl.edu.tw/handle/16762860709011201490.

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碩士<br>中國文化大學<br>會計研究所<br>95<br>This paper investigates the impcat of earnings quality and insider trading on cost of equity capital. A growing body of empirical work in the accounting literature argues that earnings quality, measured as the unsigned abnormal accrual, proxy for information risk that affects cost of capital. We examine this argument directly in two stages. In the first stage, we estimate the firm’s exposure to an earnings quality factor in the context of one-factor CAPM and Fama-French three factor model augmented by the return on a factor-mimicking portfolio that is long in low
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Yu-ChengChen and 陳昱誠. "Geographic Diversification, Investment Opportunity Setand Cost of Equity Capital." Thesis, 2016. http://ndltd.ncl.edu.tw/handle/77137612302706765370.

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碩士<br>國立成功大學<br>財務金融研究所<br>104<br>This research mainly examines the effect of geographic diversification and good investment opportunities on firm cost of equity capital. We examine a total of 11,176 observations of a sample of global corporations across over 21 countries from the period 2002 to 2014. The results indicate that the cost of equity capital of these firms will be increased when a geographic diversification strategy is adopted; however, the cost of equity will be lower once a good investment opportunity arrives; that is, the corporations will have greater competitive advantages in
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Larocque, Stephannie. "Disclosure, Analyst Forecast Bias, and the Cost of Equity Capital." Thesis, 2009. http://hdl.handle.net/1807/19199.

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This dissertation investigates the relation between firm disclosure, analyst forecast bias, and the cost of equity capital (COEC). Since analyst forecast bias is associated with both implied COEC estimates and disclosure, it is important to control for or remove it from COEC estimates when estimating the relation between disclosure and ex ante expected returns. I begin my analysis by predicting and removing systematic ex ante bias from analyst forecasts to produce de-biased analyst forecasts that better proxy for the market’s ex ante earnings expectations. I use these de-biased analyst forecas
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Wang, Tsung-Cheng, and 王宗政. "Corporate Social Responsibility and Cost of Equity －Evidence from Taiwan." Thesis, 2013. http://ndltd.ncl.edu.tw/handle/43xyzc.

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碩士<br>淡江大學<br>財務金融學系碩士班<br>101<br>The relationship between corporate social responsibility (CSR) and firm’s financial performance is well-documented in prior studies, but the impact of CSR on cost of equity is relative rare. Theoretically, firm with CSR tends to have larger investor base and lower perceived risks. The characteristics of less-risky provide firms with an advantageous position of financing, namely, enjoying a lowered risk premium and thus cost of equity. Using industrial companies listed on Taiwan Stock Exchange from 2005 to 2011, we examine whether a firm with CSR tends to have
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FU, WEN-CHENG, and 傅文正. "The Relationship between Media Coverage and Cost of Equity Capital." Thesis, 2017. http://ndltd.ncl.edu.tw/handle/khdj2y.

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碩士<br>元智大學<br>財務金融暨會計碩士班(會計學程)<br>105<br>In this generation, network and technology are developing rapidly. Therefore, the spread of information is very fast. The news is a conduit where everyone is the most easy to receive information. Many individual investors will be in accordance with the news and according to the company’s news to judge. In recent decades, a number of major fraud cases have erupted, it makes the government to develop more rules for the company's financial statements, but it makes some individual investors can not understand the meaning of information because of the comple
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劉思言. "The Relationship between Earnings Management and Cost of Equity Capital." Thesis, 2011. http://ndltd.ncl.edu.tw/handle/65893925967280319937.

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碩士<br>國立彰化師範大學<br>商業教育學系<br>99<br>This study examines the relationship between earnings management and cost of equity capital. Our samples consist of all public companies listed on the Taiwan Stock Exchange during period 2000-2008. We use OJ model to measure cost of equity capital. The empirical results show that there is a positive relationship between the extent of earnings management and cost of eqity capital. Our findings suggest that. investors are rational and they will not be fooled by companies engagining in earings management.
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Lin, Ming-Cheng, and 林明正. "The Impacts of Disclosure Level on Cost of Equity Capital." Thesis, 2015. http://ndltd.ncl.edu.tw/handle/08807794918961889071.

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碩士<br>大葉大學<br>管理學院碩士在職專班<br>103<br>The purpose of this paper is to examine the effect of information transparency and board characteristics on cost of equity capital. The main feature of this study is that we divide the information transparency into grade up-and-down groups, and we explore the relation between corporate governance and cost of equity capital. Overall, this paper expects to explain corporate governance and information transparency can reduce agency problem and the efficient corporate governance can decrease cost of equity capital. The empirical results indicate as follows：First,
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Tseng, Kou-Chou, and 曾國周. "The Impacts of Corporate Governance on Cost of Equity Capital." Thesis, 2015. http://ndltd.ncl.edu.tw/handle/14376036480990629949.

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碩士<br>大葉大學<br>管理學院碩士在職專班<br>103<br>The purpose of this paper is to examine the effect of ownership structure and board characteristics on cost of equity capital. The main feature of this study is that we divide the agency problem into core agency problem and equity agency problem, and we explore the relation between corporate governance and cost of equity capital. Overall, this paper expects to explain corporate governance and can reduce agency problem and the efficient corporate governance can decrease cost of equity capital. The empirical results indicate as follows：First, managerial ownersh
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Hsu, Hang-Ruei, and 許航瑞. "The Effect of Auditor Tenure on Cost of Equity Capital." Thesis, 2015. http://ndltd.ncl.edu.tw/handle/12294728460904048933.

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碩士<br>輔仁大學<br>會計學系碩士班<br>103<br>This research aims to investigate the effect of auditor partner tenure on cost of equity capital. The hypotheses are tested by using the data collected from companies listed as TSE, OTC and ROTC during the period of 2000 to 2013 from TEJ database. For the purpose of alleviating the selection bias resulted from self-selection and sample endogeneity, the two-stage regression proposed by Heckman(1979) is applied to construct the selection model by reference to Chaney et al. (2004) , Raghunandan & Rama (1999) and Johnstone (2000). The empirical result shows that the
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