Corporate social performance, financial performance for firms that restate earnings
Accounting and Finance
The objective of this paper is to demonstrate how to compute the weighed cost of capital in an emerging market using the cellular telephone industry in Russia. We compute the weighted cost of capital for three companies in the telephone industry which average 12.74%. Since the companies used in the study are in the same industry and are all large companies in the same industry, numerous confounding variables are controlled.
Mahoney, L., LaGore, W., & Scazzero, J. A. (2009). Corporate social performance, financial performance for firms that restate earnings. Issues in Social and Environmental Accounting, 2(1), 104–130.