IMPERFECTIONS IN INTERNATIONAL FINANCIAL MARKETS: IMPLICATIONS FOR RISK PREMIA AND THE COST OF CAPITAL TO FIRMS

Authors

  • Richard A. Cohn,

    Search for more papers by this author
    • The authors are, respectively, doctoral student in Finance, Stanford University, and Associate Professor of Finance, University of North Carolina at Chapel Hill. The authors are grateful to Robert H. Litzenberger for helpful comments on an earlier draft of this paper.
  • John J. Pringle

    Search for more papers by this author
    • The authors are, respectively, doctoral student in Finance, Stanford University, and Associate Professor of Finance, University of North Carolina at Chapel Hill. The authors are grateful to Robert H. Litzenberger for helpful comments on an earlier draft of this paper.

Ancillary