Browsing NHH Brage by Author "Welde, Andrea"
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The exclusionary effect on the cost of equity : an empirical study of the direct exclusion effect on tobacco companies’ and fossil fuel companies’ cost of equity
Skolt, Hanna; Welde, Andrea (Master thesis, 2019)The purpose of this paper is to examine the exclusion effect on excluded stocks’ cost of equity capital. We study the effect by examining European and US tobacco stocks before and after 2010, relative to chosen comparable ...