The Cost of Capital: Intermediate TheoryCambridge University Press, 2005. gada 17. marts - 353 lappuses Seth Armitage provides an answer to the question, 'what does the finance and economics literature say about the estimation and determination of a project's cost of capital?'. The text reviews both the theory of asset pricing in discrete time and a range of more applied topics which relate to project valuation. |
Saturs
The cost of capital under certainty 333 | 3 |
contingent states | 20 |
The expected return on an asset in an efficient | 66 |
The equity risk premium | 87 |
Project valuation | 123 |
Corporation tax leverage and the weighted average cost of capital | 153 |
the old and the new views | 181 |
Personal tax leverage and multiple tax rates | 205 |
The international dimension | 236 |
inference from present value | 261 |
applying the CAPM and multifactor models | 278 |
Estimating a projects cost of capital | 300 |
Regulated utilities | 323 |
References | 335 |
347 | |
Inflation and risk premiums | 225 |
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adjustment arbitrage arithmetic mean asset pricing assumed assumption beta bonds book value C₁ cent p.a. company's constant consumption at date corporation tax cost of capital cost of debt cost of equity covariance discount factor discount rate dividend discount model effect efficient portfolio equation equilibrium equity and debt equity premium example excess return expected cash flows expected rate expected return financial assets firm forecast given implies income increase indifference curve individual inflation interest rate investment investors Journal of Finance leverage marginal utility market portfolio market value maximise measured method multifactor models negative nominal pay-off period personal tax predicted present value project's cost rate of return real rate real return return on equity risk aversion risk premium risk-free rate risky assets shareholders shares standard CAPM T₁ tax advantage tax rate tax savings trading uncertainty unit unlevered utility function valuation variables variance WACC zero
Atsauces uz šo grāmatu
Limitations of the Capital Asset Pricing Model (CAPM) Manuel Kürschner Ierobežota priekšskatīšana - 2008 |