Corporate life cycle and cost of equity capital.

Corporate life cycle and cost of equity capital.

This paper investigates the effect of the corporate life cycle on the cost of equity capital. Using a sample of Australian firms between 1990 and 2012, we find that the cost of equity capital varies over the life cycle of the firm. In particular, using Dickinson’s (2011) life cycle measure, we find...

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Bibliographic Details
Main Authors: Hasan, Mostafa, Hossain, M., Cheung, Adrian, Habib, A.
Format: Journal Article
Published: Elsevier Ltd 2015
Subjects:
Firm life cycle
Contributed capital
Earned equity
Cost of equity
Online Access:http://hdl.handle.net/20.500.11937/13273

Internet

http://hdl.handle.net/20.500.11937/13273

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