"Things often get worse before they get better: using contest theory to explain the effect of informational risk around inclusion in S&P 500 on cost of capital"

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Things often get worse before they get better: using contest theory to explain the effect of informational risk around inclusion in S&P 500 on cost of capital

The link between cost of capital and information risk is one of the most fundamental and controversial issues in financial accounting. We need an exogenous shock to unequivocally tease out… Click to show full abstract

Keywords: cost capital; often get; risk; things often; cost

Journal Title: European Journal of Finance
Year Published: 2021

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