Dev R. Mishra

TL;DR: This paper examined the effect of corporate social responsibility (CSR) on the cost of equity capital for a large sample of US firms and found that firms with better CSR scores exhibit cheaper equity financing.

TL;DR: Using propensity score matching models, it is found that politically connected firms enjoy a lower cost of equity capital than their non-connected peers, and that political connections are more valuable for firms with stronger ties to political power.

TL;DR: In this article, the authors examine whether the presence of multiple large shareholders alleviates firm's agency costs and information asymmetry embedded in ultimate ownership structures and find evidence that the implied implied cost of equity decreases in presence of large shareholders beyond the controlling owner.

TL;DR: In this article, the authors examine whether the presence of multiple large shareholders alleviates a firm's agency costs and information asymmetry manifested in the cost of equity financing, and find evidence that the implied cost of the equity decreases with the presence, number, and voting size of large shareholders beyond the controlling owner.

TL;DR: In this article, the authors examined the cost of equity capital of politically connected firms and found that the effect of political connections on firms' equity financing costs is influenced by the prevailing country-level institutional and political environment, and by firm characteristics.