Corporate Finance: Part I - Cost of CapitalKasper Meisner Nielsen
The cost of capital, corporation finance and the theory of investment: a refinement The proof of Proposition I in the work of Modigliani and Miller (MM) (1958) is based on the mechanism of arbitrage. Two cases are considered: first, the case where the value of the levered firm is larger...
Recent research has documented large differences among countries in ownership concentration in publicly traded firms, in the breadth and depth of capital m... Rafael,La,Porta,... - 《Working Paper》 被引量: 8821发表: 2000年 CEO Overconfidence and Corporate Investment We argue that managerial over...
CHAPTER 9The Cost of Capital1CHAPTER 9The Cost of Capital1TopicsCost of Capital ComponentsDebtPreferredCommon EquityWACC
In corporate finance, determining a company's cost of capital can be important for several reasons. For instance, WACC can be used as thediscount ratefor estimating thenet present valueof a project or acquisition. If the company believes that a merger, for example, will generate a return high...
江西财经大学公司金融Cost of Capital_Ch_2003.ppt,12.* Note that for bonds we would find the market value of each bond issue and then add them together. Also note that preferred stock would just become another component of the equation if the firm has issu
We investigate the relation between firms' weighted average cost of capital and internal financial resources, using mandatory pension contributions as a proxy for internal financial resources. Rauh (2006) documents a negative association between mandatory pension contributions and capital expenditures. We fi...
公司理财(双语)8CostofCapital.ppt PrinciplesofCorporateFinance NinthEdition Chapter8 CostofCapital TopicsCovered Knowhowtodetermineafirm’scostofequitycapitalKnowhowtodetermineafirm’scostofdebtKnowhowtodetermineafirm’soverallcostofcapitalUnderstandpitfallsofoverallcostofcapitalandhowtomanagethem 15...
The cost of capital refers to the required return needed on a project or investment to make it worthwhile. Because companies may have a variety of funding sources, they often use a weighted average cost of capital (WACC) in their calculations. ...
Corporate Finance, 3e (Berk/DeMarzo) Chapter 12 Estimating the Cost of Capital The Equity Cost of Capital Use the following information to answer the question(s) below. "Eenie" "Meenie" "Miney" "Moe" Beta Volatility 20% 18% 35% 25% Assume that the risk-free rate of interest is 3% ...