Bank Capital and the Cost of Equity

Bank Capital and the Cost of Equity
Using a sample of publicly listed banks from 62 countries over the 1991-2017 period, we investigate the impact of capital on banks’ cost of equity. Consistent with the theoretical prediction that more equity in the capital mix leads to a fall in firms’ costs of equity, we find that better capitalized banks enjoy lower equity costs. Our baseline... READ MORE...

Publication date: December 2019
ISBN 9781513519807
$18.00

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