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See detailDoes compliance with the German Corporate Governance Code pay off?: An investigation of the implied cost of capital
Kaspereit, Thomas UL; Lopatta, Kerstin UL; Zimmermann, Jochen

in Journal of Risk Finance (2015), 16(3), 344-376

This paper aims to empirically investigate the relationship between the level of compliance with the German Corporate Governance Code’s (GCGC) recommendations and the implied cost of equity capital (ICC ... [more ▼]

This paper aims to empirically investigate the relationship between the level of compliance with the German Corporate Governance Code’s (GCGC) recommendations and the implied cost of equity capital (ICC). German listed companies are required by law to annually disclose their compliance with the recommendations of the GCGC. Whether the GCGC achieves its aim to promote the trust of stakeholders in the management and supervision is still an open question [less ▲]

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