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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DOI: 10.1080/1351847x.2021.1933119
Abstract: 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 the link... read more here.
Keywords: cost capital; often get; risk; things often ... See more keywords