Abstract/Details

The impact of national culture on cost of equity capital in cross-listed firms


2012 2012

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Abstract (summary)

This study examines the GLOBE cultural dimensions of institutional collectivism, in-group collectivism, uncertainty avoidance, and power distance to evaluate the impact of national culture on cost of equity capital for firms cross-listing on two stock exchanges. In addition to evaluating the direct effect of culture on cost of equity capital, the study examines the moderating effect of national culture on impact of the political/regulatory environment and disclosure on cost of equity capital. Limited support was found for both the direct effect and the moderating effect of national culture on cost of equity capital.

Indexing (details)


Subject
Accounting;
Finance;
Equity capital;
Cross border transactions;
Cultural differences
Classification
0272: Accounting
0508: Finance
Identifier / keyword
Social sciences, Cost of equity capital, Cross-listing, Equity capital, Globe dimensions, National culture
Title
The impact of national culture on cost of equity capital in cross-listed firms
Author
Otero, Kathy F.
Number of pages
123
Publication year
2012
Degree date
2012
School code
0459
Source
DAI-A 74/01(E), Dissertation Abstracts International
Place of publication
Ann Arbor
Country of publication
United States
ISBN
9781267593559
Advisor
Huerta, Esperanza; Eason, Patricia
Committee member
Garcia-Wagstaff, Fernanda; Xie, Feixue
University/institution
The University of Texas at El Paso
Department
International Business
University location
United States -- Texas
Degree
Ph.D.
Source type
Dissertations & Theses
Language
English
Document type
Dissertation/Thesis
Dissertation/thesis number
3525788
ProQuest document ID
1039284197
Copyright
Database copyright ProQuest LLC; ProQuest does not claim copyright in the individual underlying works.
Document URL
http://search.proquest.com/docview/1039284197
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