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The effect of ex ante and ex post conservatism on the cost of equity capital: a quantile regression approach for MENA countries

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The effect of ex ante and ex post conservatism on the cost of equity capital : a quantile regression approach for MENA countries. / Khalifa, Maha; Othman, Hakim Ben; Hussainey, Khaled.

In: Research in International Business and Finance, Vol. 44, 17.04.2018, p. 239-255.

Research output: Contribution to journalArticlepeer-review

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Khalifa, Maha ; Othman, Hakim Ben ; Hussainey, Khaled. / The effect of ex ante and ex post conservatism on the cost of equity capital : a quantile regression approach for MENA countries. In: Research in International Business and Finance. 2018 ; Vol. 44. pp. 239-255.

Bibtex

@article{05631cf03b66441797a95b2837d2862d,
title = "The effect of ex ante and ex post conservatism on the cost of equity capital: a quantile regression approach for MENA countries",
abstract = "This paper aims to provide a deeper understanding of the relationship between accounting conservatism and the cost of equity capital (COEC). For this purpose, we use the quantile regression (QR) framework and examine the effect of two dimensions of conservatism (ex ante and ex post) on the COEC. This methodological contribution allows us to test whether the effect of the two forms of conservatism vary across the full distribution, especially at the extreme quantiles of the COEC. Empirical results from the QR reveal that the effect of the two dimensions of conservatism considerably differs across COEC quantiles. ",
keywords = "Accounting conservatism cost of equity capital, ex ante conservatism, ex post conservatism, quantile regression, MENA countries, embargoover12",
author = "Maha Khalifa and Othman, {Hakim Ben} and Khaled Hussainey",
year = "2018",
month = apr,
day = "17",
doi = "10.1016/j.ribaf.2017.07.093",
language = "English",
volume = "44",
pages = "239--255",
journal = "Research in International Business and Finance",
issn = "0275-5319",
publisher = "Elsevier",

}

RIS

TY - JOUR

T1 - The effect of ex ante and ex post conservatism on the cost of equity capital

T2 - a quantile regression approach for MENA countries

AU - Khalifa, Maha

AU - Othman, Hakim Ben

AU - Hussainey, Khaled

PY - 2018/4/17

Y1 - 2018/4/17

N2 - This paper aims to provide a deeper understanding of the relationship between accounting conservatism and the cost of equity capital (COEC). For this purpose, we use the quantile regression (QR) framework and examine the effect of two dimensions of conservatism (ex ante and ex post) on the COEC. This methodological contribution allows us to test whether the effect of the two forms of conservatism vary across the full distribution, especially at the extreme quantiles of the COEC. Empirical results from the QR reveal that the effect of the two dimensions of conservatism considerably differs across COEC quantiles.

AB - This paper aims to provide a deeper understanding of the relationship between accounting conservatism and the cost of equity capital (COEC). For this purpose, we use the quantile regression (QR) framework and examine the effect of two dimensions of conservatism (ex ante and ex post) on the COEC. This methodological contribution allows us to test whether the effect of the two forms of conservatism vary across the full distribution, especially at the extreme quantiles of the COEC. Empirical results from the QR reveal that the effect of the two dimensions of conservatism considerably differs across COEC quantiles.

KW - Accounting conservatism cost of equity capital

KW - ex ante conservatism

KW - ex post conservatism

KW - quantile regression

KW - MENA countries

KW - embargoover12

U2 - 10.1016/j.ribaf.2017.07.093

DO - 10.1016/j.ribaf.2017.07.093

M3 - Article

VL - 44

SP - 239

EP - 255

JO - Research in International Business and Finance

JF - Research in International Business and Finance

SN - 0275-5319

ER -

ID: 7505295