The equity premium puzzle: empirical evidence for the "Korea Discount
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Choi, Tae H. | - |
dc.contributor.author | Lee, Eunchul | - |
dc.contributor.author | Pae, Jinhan | - |
dc.date.accessioned | 2021-09-06T23:57:22Z | - |
dc.date.available | 2021-09-06T23:57:22Z | - |
dc.date.created | 2021-06-18 | - |
dc.date.issued | 2012 | - |
dc.identifier.issn | 1608-1625 | - |
dc.identifier.uri | https://scholar.korea.ac.kr/handle/2021.sw.korea/109333 | - |
dc.description.abstract | This study examines the cost of equity capital (COC) and the factors that influence the COC of listed Korean companies, and compares the COC of Korean companies with that of companies from 31 selected countries. The major research question is whether companies that are listed in an emerging market have a disadvantage as they are underpriced through a higher COC (as compared with companies that are traded in developed markets). Consistent with the "Korea Discount," we find that the COC is significantly higher for Korean companies than for companies in other countries after controlling for other relevant factors. However, the "Korea Discount" has significantly eased in recent years. | - |
dc.language | English | - |
dc.language.iso | en | - |
dc.publisher | ROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD | - |
dc.subject | DISCLOSURE LEVEL | - |
dc.subject | EXPECTED COST | - |
dc.subject | ASSET PRICES | - |
dc.subject | IMPLIED COST | - |
dc.subject | EARNINGS | - |
dc.subject | GROWTH | - |
dc.subject | RISK | - |
dc.subject | EQUILIBRIUM | - |
dc.subject | PERFORMANCE | - |
dc.subject | INFORMATION | - |
dc.title | The equity premium puzzle: empirical evidence for the "Korea Discount | - |
dc.type | Article | - |
dc.contributor.affiliatedAuthor | Pae, Jinhan | - |
dc.identifier.doi | 10.1080/16081625.2012.667378 | - |
dc.identifier.scopusid | 2-s2.0-84859738138 | - |
dc.identifier.wosid | 000307660600001 | - |
dc.identifier.bibliographicCitation | ASIA-PACIFIC JOURNAL OF ACCOUNTING & ECONOMICS, v.19, no.2, pp.143 - 166 | - |
dc.relation.isPartOf | ASIA-PACIFIC JOURNAL OF ACCOUNTING & ECONOMICS | - |
dc.citation.title | ASIA-PACIFIC JOURNAL OF ACCOUNTING & ECONOMICS | - |
dc.citation.volume | 19 | - |
dc.citation.number | 2 | - |
dc.citation.startPage | 143 | - |
dc.citation.endPage | 166 | - |
dc.type.rims | ART | - |
dc.type.docType | Article | - |
dc.description.journalClass | 1 | - |
dc.description.journalRegisteredClass | ssci | - |
dc.description.journalRegisteredClass | scopus | - |
dc.relation.journalResearchArea | Business & Economics | - |
dc.relation.journalWebOfScienceCategory | Business, Finance | - |
dc.relation.journalWebOfScienceCategory | Economics | - |
dc.subject.keywordPlus | DISCLOSURE LEVEL | - |
dc.subject.keywordPlus | EXPECTED COST | - |
dc.subject.keywordPlus | ASSET PRICES | - |
dc.subject.keywordPlus | IMPLIED COST | - |
dc.subject.keywordPlus | EARNINGS | - |
dc.subject.keywordPlus | GROWTH | - |
dc.subject.keywordPlus | RISK | - |
dc.subject.keywordPlus | EQUILIBRIUM | - |
dc.subject.keywordPlus | PERFORMANCE | - |
dc.subject.keywordPlus | INFORMATION | - |
dc.subject.keywordAuthor | analysts&apos | - |
dc.subject.keywordAuthor | forecasts | - |
dc.subject.keywordAuthor | cost of capital | - |
dc.subject.keywordAuthor | firm characteristics | - |
dc.subject.keywordAuthor | Korea Discount | - |
dc.subject.keywordAuthor | Korean stock market | - |
Items in ScholarWorks are protected by copyright, with all rights reserved, unless otherwise indicated.
(02841) 서울특별시 성북구 안암로 14502-3290-1114
COPYRIGHT © 2021 Korea University. All Rights Reserved.
Certain data included herein are derived from the © Web of Science of Clarivate Analytics. All rights reserved.
You may not copy or re-distribute this material in whole or in part without the prior written consent of Clarivate Analytics.