of帮助Costcost资本成本 系统标签: impliedcosthvzcapital隐含earnings EvaluatingCross-SectionalForecastingModelsfor ImpliedCostofCapital by KevinLi UniversityofToronto kevin.li@rotman.utoronto.ca and ParthaMohanram* UniversityofToronto partha.mohanram@rotman.utoronto.ca Abstract:Thecomputationofimpliedcostofcapita...
IMPLIED COST OF CAPITAL WITH STATA Dr. Jun Gu E-mail: gujun@szu.edu.cn Department of Accounting School of Economics, Shenzhen University 第二届Stata中国用户大会 本报告主要内容 ■ 内含资本成本(Implied Cost of Capital)的主要计算方法: – 内含资本成本简介 – 内含资本成本计算流程 – 内含资本成本...
► We propose a new approach to estimate the implied cost of capital (ICC). ► We estimate the ICC using the earnings forecasts from a cross-sectional model. ► Our model produces earnings forecasts that are superior to analysts' forecasts. ► The model-based ICC is a reliable proxy...
Theimpliedcostofcapital:Anewapproach$KeweiHoua,n,MathijsA.vanDijkb,YingleiZhangcaFisherCollegeofBusiness,TheOhioStateUniversity,2100NeilAvenue,Columbus,OH43210,UnitedStatesbRotterdamSchoolofManagement,ErasmusUniversity,3000DRRotterdam,TheNetherlandscSchoolofAccountancy,ChineseUniversityofHongKong,Shatin,N.T.,HongK...
We investigate the impact of liquidity level and risks on the implied cost of equity capital for 14,808 stocks from 52 countries. We find that the implied cost of capital increases in the illiquidity level and in the co-variance between firm-level illiquidity and market illiquidity, but decreas...
The computation of implied cost of capital (ICC) is constrained by the lack of analyst forecasts for half of all firms. Hou et al. (J Account Econ 53:504–526, 2012 , HVZ) present a cross-sectional model to generate forecasts in order to compute ICC. However, the forecasts from the ...
The opportunity cost of capital implied by the CAPM for US investors is likely to be similar to the cost of capital implied by well-diversified portfolios throughout the world. A.错误 B.正确 点击查看答案&解析手机看题 你可能感兴趣的试题 单项选择题 牙冠舌侧外形高点位于中1/2的是 A、切牙 B...
implied cost-of- capital and various firm and industry characteristics. We identify several firm Johnson Graduate School of Management, Cornell University, Ithaca, NY 14853. We have bene- fited from the comments and suggestions of Anwer Ahmed, Brad Barber (referee), Michael Brennan, Paul Healy...
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