| 法律、投资者保护与权益资本成本 |
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| 引用本文： | 肖松,赵峰. 法律、投资者保护与权益资本成本[J]. 经济与管理研究, 2010, 0(5) |
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| 作者姓名： | 肖松 赵峰 |
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| 作者单位： | 1. 北京师范大学法学院,北京,100875
2. 北京师范大学经济与工商管理学院 |
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| 基金项目： | 国家社会科学基金，教育部人文社会科学研究项目 |
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| 摘 要： | 权益资本成本的影响因素是公司财务的重要研究课题.近年来投资者保护法律制度对权益资本的影响逐渐受到关注.固内外学者的实证研究表明投资者保护法与权益资本成本呈负相关的关系,但仍需从理论上进一步阐释投资者保护法与权益资本成本的关系.本文分析表明,投资者法律保护与权益资本成本成反向关系:投资者法律保护的水平越低,权益资本成本越高;投资者法律保护的水平越高,权益资本成本越低.
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| 关 键 词： | 法律 投资者保护 权益资本成本 |
Law,Investor Protection and Cost of Equity Capital |
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| Xiao Song,Zhao Feng. Law,Investor Protection and Cost of Equity Capital[J]. Research on Economics and Management, 2010, 0(5) |
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| Authors: | Xiao Song Zhao Feng |
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| Affiliation: | Xiao Song,Zhao Feng (School of Law,Beijing Normal University,School of Economics and Management,Beijing Normal University) |
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| Abstract: | Cost of equity capital has been an important topic of broadly concern and the effect of investor protection on cost of equity capital is becoming a hot issue.Though the empirical studies show a highly significant negative correlation between investor protection and cost of equity capital,it' s still necessary to do further theoretical research on this.Our finding shows that a reverser correlation exits between investor protection and cost of equity capital. |
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| Keywords: | Law Investor Protection Cost of Equity Capital |
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