{"id":1133,"date":"2001-01-02T08:36:43","date_gmt":"2001-01-02T06:36:43","guid":{"rendered":"http:\/\/hardouvelis.gr\/?p=1133"},"modified":"2023-08-03T18:53:41","modified_gmt":"2023-08-03T15:53:41","slug":"impact-globalization-equity-cost-capital","status":"publish","type":"post","link":"https:\/\/hardouvelis.gr\/el\/impact-globalization-equity-cost-capital\/","title":{"rendered":"The Impact of Globalization on the Equity Cost of Capital"},"content":{"rendered":"<p class=\"qtranxs-available-languages-message qtranxs-available-languages-message-el\">\u0395\u03b3\u03b3\u03c1\u03b1\u03c6\u03ae \u03b4\u03b9\u03b1\u03b8\u03ad\u03c3\u03b9\u03bc\u03b7 \u03c3\u03c4\u03b1 <a href=\"https:\/\/hardouvelis.gr\/en\/wp-json\/wp\/v2\/posts\/1133\" class=\"qtranxs-available-language-link qtranxs-available-language-link-en\" title=\"English\">English<\/a>. For the sake of viewer convenience, the content is shown below in the alternative language. You may click the link to switch the active language.<\/p><p>Authors:\u00a0Richard Priestley, Gikas Hardouvelis, Dimitrios Malliaropulos<br \/>\n<em>Publication: Fondation Banque de France, Sponsorship Research grants 2000 &#8211; 2001<\/em><\/p>\n<p><strong>Abstract:<\/strong><br \/>\nThis paper investigates the effect of stock market integration in Europe on the cost of equity capital. Over the 1990s it is shown that the cost of equity within European Union sectors falls by between 0.5 and 3 percentage points. There is strong evidence of convergence in the cost of equity across different countries in the same sector. However, convergence across different sectors is small. An implication of this is that country effects are becoming smaller and sector effects larger as stock market integration increases.<\/p>\n<p><a href=\"https:\/\/fondation.banque-france.fr\/en\/sponsorship-research-grants-2000-2001\/impact-globalization-equity-cost-capital\">Download The Impact of Globalization on the Equity Cost of Capital<\/a><\/p>\n<p>&nbsp;<\/p>","protected":false},"excerpt":{"rendered":"<p>\u0395\u03b3\u03b3\u03c1\u03b1\u03c6\u03ae \u03b4\u03b9\u03b1\u03b8\u03ad\u03c3\u03b9\u03bc\u03b7 \u03c3\u03c4\u03b1 English. For the sake of viewer convenience, the content is shown below in the alternative language. You<\/p>\n","protected":false},"author":1,"featured_media":4399,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4,6],"tags":[3261],"yst_prominent_words":[],"class_list":["post-1133","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-academic-publications","category-working-papers","tag-working-papers"],"acf":[],"_links":{"self":[{"href":"https:\/\/hardouvelis.gr\/el\/wp-json\/wp\/v2\/posts\/1133","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hardouvelis.gr\/el\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hardouvelis.gr\/el\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hardouvelis.gr\/el\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hardouvelis.gr\/el\/wp-json\/wp\/v2\/comments?post=1133"}],"version-history":[{"count":4,"href":"https:\/\/hardouvelis.gr\/el\/wp-json\/wp\/v2\/posts\/1133\/revisions"}],"predecessor-version":[{"id":4538,"href":"https:\/\/hardouvelis.gr\/el\/wp-json\/wp\/v2\/posts\/1133\/revisions\/4538"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hardouvelis.gr\/el\/wp-json\/wp\/v2\/media\/4399"}],"wp:attachment":[{"href":"https:\/\/hardouvelis.gr\/el\/wp-json\/wp\/v2\/media?parent=1133"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hardouvelis.gr\/el\/wp-json\/wp\/v2\/categories?post=1133"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hardouvelis.gr\/el\/wp-json\/wp\/v2\/tags?post=1133"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/hardouvelis.gr\/el\/wp-json\/wp\/v2\/yst_prominent_words?post=1133"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}