Corporate Governance and Cost of Equity: Evidence from Asian Countries

Authors

  • Zeshan Anwar PhD Scholar, University of Lahore, Assistant Professor, University of South Asia, Lahore, Registrar, University of the Punjab, Lahore, Faculty Member, Hailey College of Commerce, University of the Punjab, Lahore and Assistant Professor, University of South Asia, Lahore, Pakistan. Author
  • Dr. Muhammad Jam e Kausar Ali Asghar PhD Scholar, University of Lahore, Assistant Professor, University of South Asia, Lahore, Registrar, University of the Punjab, Lahore, Faculty Member, Hailey College of Commerce, University of the Punjab, Lahore and Assistant Professor, University of South Asia, Lahore, Pakistan. Author
  • Dr. Muhammad Khalid Khan PhD Scholar, University of Lahore, Assistant Professor, University of South Asia, Lahore, Registrar, University of the Punjab, Lahore, Faculty Member, Hailey College of Commerce, University of the Punjab, Lahore and Assistant Professor, University of South Asia, Lahore, Pakistan. Author
  • Dr. Rizwan Qaiser Danish PhD Scholar, University of Lahore, Assistant Professor, University of South Asia, Lahore, Registrar, University of the Punjab, Lahore, Faculty Member, Hailey College of Commerce, University of the Punjab, Lahore and Assistant Professor, University of South Asia, Lahore, Pakistan. Author

Keywords:

Corporate governance, cost of equity, implied cost of equity, Asian countries, JEL, G32, G34, M41, O16

Abstract

This paper investigates the extent to which governance affect firms' cost of equity capital in Asian countries by employing a regression model on panel data of the 24 Asian countries over the period of 2006 to 2015. The results depict that Quality of Corporate Governance (QCG) index has significant relationship in reducing cost of equity for firms in Asian countries. The results also indicate that explicit corporate governance variables like; board independence, audit committee independence, ownership concentration and CEO duality have also significant association with firm‟s cost of equity in Asian countries which is in accordance with the agency theory.

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Published

2019-04-30

Issue

Vol. 26 No. 01 (2019): Journal of Political Studies

Section

Articles

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How to Cite

Corporate Governance and Cost of Equity: Evidence from Asian Countries. (2019). Journal of Political Studies, 26(01), 207-230. https://jps.pu.edu.pk/6/article/view/475

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