%0 Journal Article
%T The Role of Macroeconomic Factors in Explaining the Cost of Capital: Evidence from a Group of Emerging Economies
%A Nicholas Apergis
%A Sofia Eleftheriou
%J Asian Journal of Finance & Accounting
%D 2012
%I 
%R 10.5296/ajfa.v4i1.1694
%X This study analyzes the dynamic relationship between the cost of capital and macroeconomic factors for a group of emerging markets spanning the period 1996-2009 and using the GMM estimator methodology, suggested in Arellano and Bond (1991). The empirical findings indicate that these macroeconomic factors play a significant role in explaining the cost of capital in the emerging markets.
%U http://www.macrothink.org/journal/index.php/ajfa/article/view/1694