Results 221 to 230 of about 19,867 (266)
Some of the next articles are maybe not open access.
The Cost of Equity Capital—a Comment
Journal of Business Finance & Accounting, 1974An algebraic relationship is developed linking the expected long‐term yield to an investor with the company's expected internal rate of return on its equity assets. Assuming that the market normally ranks shares by expected yield, allowing where necessary for a risk premium, it is shown that the cost of equity capital must be the company's expected ...
openaire +1 more source
Analyst coverage and the cost of equity capital
Tạp chí Khoa học và Đào tạo Ngân hàng, 2021The number of analysts following and analyzing a company is an indicator of the quality of the information disclosed (Botasan, 1997). Especially with a newly developed stock market like in Vietnam, analysts will be the bridge to help investors have more information and better understand the information announced by enterprises, thereby increasing the ...
Hoàng Diệp Hương Trương +1 more
openaire +1 more source
The cost of equity capital and the risk premium on equities
Applied Financial Economics, 1992Some well-known writers have argued that the experience of the last 60 years in the US shows that the cost of equity capital is about 8% per annum in excess of the ‘riskless’ return. By contrast, the paper argues that the same experience shows, first, that the ‘riskless’ real return is much higher than the average of about 0.5% per annum they assume ...
openaire +1 more source
Corporate Life Cycle and Cost of Equity Capital
SSRN Electronic Journal, 2015This paper investigates the impact of the corporate life cycle on the cost of equity capital. Using a sample of Australian firms during the years 1990–2012, we find that the proxies for the cost of equity capital vary across the life cycle of the firm.
Hasan, Mostafa +3 more
openaire +2 more sources
The Term Structure of Implied Costs of Equity Capital
SSRN Electronic Journal, 2011We model and estimate the term structure of implied costs of equity capital (and implied risk premia) at the firm level for the years 1996–2015 from forward looking option contracts. Empirical tests reject the assumption that the term structure of implied firm-level costs of equity is constant over different time horizons.
Jeffrey L. Callen, Matthew R. Lyle
openaire +1 more source
Business sustainability performance and cost of equity capital
Journal of Corporate Finance, 2015Abstract Business sustainability has emerged as the theme of the 21st century. We examine whether and how different components of economic sustainability disclosure (ECON), as well as environmental, social, and governance (ESG) dimensions of sustainability performance affect cost of equity, individually and in aggregate.
Anthony C. Ng, Zabihollah Rezaee
openaire +1 more source
Investor Sentiment, Beta, and the Cost of Equity Capital
Management Science, 2016The security market line accords with the capital asset pricing model by taking on an upward slope in pessimistic sentiment periods, but is downward sloping during optimistic periods. We hypothesize that this finding obtains because periods of optimism attract equity investment by unsophisticated, overconfident, traders in risky opportunities (high ...
Constantinos Antoniou 0001 +2 more
openaire +1 more source
Audit quality and cost of equity capital
Afro-Asian J. of Finance and Accounting, 2014The purpose of this research is to examine the relationship between audit quality and cost of equity capital. This research argues that the higher the levels of audit quality, the lower the rate of return required by the investor. The cost of equity capital is measured by the price-earnings growth (PEG) model.
Basiruddin, Rohaida +2 more
openaire +2 more sources
The Cost of Equity Capital—A Reply
Journal of Business Finance & Accounting, 1975Hemsted (JBFA I, 3) claimed that the expected internal rate of return, and not the shareholders' opportunity cost, is the ‘cost of equity’. This paper shows, using his assumed objective of maximization of share price and chosen (Gordon Shapiro) share valuation model, that his claims are unfounded, and that, under specified assumptions, the shareholders'
openaire +1 more source
Company reputation and the cost of equity capital
Review of Accounting Studies, 2014We investigate whether companies with better reputations enjoy a lower cost of equity financing. Using a sample of 9,276 large US companies from 1987 to 2011 and the reputation rankings from Fortune’s “America’s Most Admired Companies” list, we find strong evidence that companies with higher reputation scores enjoy a lower cost of equity capital even ...
Ying Cao +3 more
openaire +1 more source