Does relative (absolute) efficiency affect capital costs?
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DOI: 10.1007/s10479-021-04159-0
Abstract: In this paper, we examine the effect of relative/absolute firm efficiency on weighted average cost of capital (WACC). Using a sample of Korean listed firms, we find that WACC is negatively associated with relative firm… read more here.
Keywords: firm efficiency; capital; relative absolute; absolute efficiency ... See more keywords
The impact of political connections on the efficiency of China's renewable energy firms
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DOI: 10.1016/j.eneco.2019.06.014
Abstract: Abstract This study investigates the impact of political connections on firm efficiency as well as its mechanisms in Chinese renewable energy firms. The empirical results reveal a direct negative association between political connections and firm… read more here.
Keywords: impact political; firm efficiency; political connections; state owned ... See more keywords