权益成本
资本成本
衡平法
经济
股本
股票资本市场
隐性成本
微观经济学
财务
总成本
资本市场
私募股权
政治学
利润(经济学)
法学
作者
Khaled Elmawazini,Imed Chkir,Fatma Mrad,Hatem Rjiba
标识
DOI:10.1016/j.ribaf.2022.101735
摘要
Using a panel of U.S. public firms, we present the first evidence highlighting the relation between green technology innovation and cost of equity capital. Consistent with our prediction, we find that greater green technology innovation is associated with lower cost of equity capital. Our results are statistically significant and economically important. Our findings are robust to a battery of sensitivity checks, including use of multiple estimation methods, alternative proxies of green innovation, various measures of cost of equity capital, and potential truncation problem.
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