Capital cost and control in small-cap companies: size matters

Christina Atanasova, Evan Gatev Daniel and Daniel Shapiro

No 380200, Competition & Regulation Times from New Zealand Institute for the Study of Competition and Regulation

Abstract: Small companies have important economic significance as the most dynamic, innovative and risk-taking sector of the economy. So why do small-cap companies offer only limited corporate governance provisions? Christina Atanasova, Evan Gatev, and Daniel Shapiro find that small companies are incentivised to improve governance by being offered the carrot of easier access to equity financing.

Date: 2014-09-01
New Economics Papers: this item is included in nep-cfn and nep-ger
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Persistent link: https://EconPapers.repec.org/RePEc:vuw:vuwcrt:380200

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