Our study aims to investigate how information asymmetry and ownership structure affect cost of equity capital. For that purpose, we collected 246 issuers over 4 years for a total 984 observations. By using panel data processing, found the proxied through Price non-Synchronization trading volume had an effect on results also confirmed both Agency Theory Pecking Order Theory. Both theories are in...

We investigate the effects of manager characteristics on capital structure. We first develop a dynamic structural model that incorporates managerial discretion in effort and financing, as well as agency conflicts between managers and outside investors. We derive the manager’s dynamic contract and implement it through financial securities. This leads to a dynamic capital structure for the firm c...

CEOs, boards of directors, and owners are believed to be important actors in affecting environmental innovation. Yet, there is a lack combined view on the three literature. This study aims explore sources innovation from perspective corporate governance bundles. Considering interdependent nature three, this proposes configurational model consisting CEO (formal informal) power, board capital (br...