Does relative (absolute) efficiency affect capital costs?
(2021)
Journal Article
Mali, D., & Lim, H.-J. (2022). Does relative (absolute) efficiency affect capital costs?. Annals of Operations Research, 315(2), 1037-1060. https://doi.org/10.1007/s10479-021-04159-0
In this paper, we examine the effect of relative/absolute firm efficiency on weighted average cost of capital (WACC). Using a sample of Korean listed firms, we find that WACC is negatively associated with relative firm efficiency (operational perform... Read More about Does relative (absolute) efficiency affect capital costs?.