| Full text | |
| Author(s): |
Rossoni, Luciano
;
Aranha, Cezar Eduardo
;
Mendes-Da-Silva, Wesley
Total Authors: 3
|
| Document type: | Journal article |
| Source: | COMPLEXITY; v. N/A, p. 12-pg., 2018-01-01. |
| Abstract | |
Starting from sociological perspectives on complexity, we show how the social capital of boards and owners networks affects the implied cost of capital of companies listed on Brazilian stock exchange. We specifically show arguments and evidence that the effect of the relational resources found in the direct, indirect, and heterogeneous board's ties reduces the cost of capital while relational resources embedded in shareholder networks increase the cost of capital. Our results show that while the increase in the relational resources of the board reduces the implied cost of capital, an increase in these shared resources in the ownership relationships of the firm increases the cost of financial capital. (AU) | |
| FAPESP's process: | 14/26003-9 - Financial innovation for natural disaster risk management in Brazil |
| Grantee: | Wesley Mendes-Da-Silva |
| Support Opportunities: | Research Program on Global Climate Change - Regular Grants |
| FAPESP's process: | 17/09306-6 - Success determinants of funding projects via crowdfunding |
| Grantee: | Wesley Mendes-Da-Silva |
| Support Opportunities: | Scholarships abroad - Research |