Results 1 to 10 of about 814,744 (145)
International Journal of Financial Studies, 2017 In this work, a Capital Asset Pricing Model (CAPM) with time-varying betas is considered. These betas evolve over time, conditional on financial and non-financial variables.
André Ricardo de Pinho Ronzani +2 more
doaj +5 more sources
Assessing Discount Rate for a Project Financed Entirely with Equity Capital [PDF]
Theoretical and Applied Economics, 2007 Estimating discount rate for an investment project is one of the most challenging tasks incapital budgeting. In this paper we discuss different kind of models for cost of equity capital proposed infinance literature (static CAPM, conditional CAPM, APT ...
Nicoleta Vintila
doaj +1 more source
Australasian Accounting, Business and Finance Journal, 2015 Despite the capital asset pricing model being one of the most influential models in modern portfolio theory, it has also been a victim of criticism in numerous academic papers. Its assumptions which seem to be rather unrealistic, have caused many academics to improve the model by relaxing some of its restrictive statements. In this journal article, we
Mazzola, Paul, Gerace, Dionigi
openaire +3 more sources
LEVERAGE, COST OF CAPITAL AND BANK VALUATION
Journal of Financial Management, Markets and Institutions, 2018 In this paper, we present a model that demonstrates the effect of debt on cost of capital and value in the case of banking firms. Using a static partial equilibrium setting, both in a steady state and steady growth scenario, we derive a bank-specific ...
FEDERICO BELTRAME +2 more
doaj +1 more source
Portfolio Theory for α-Symmetric and Pseudoisotropic Distributions: k-Fund Separation and the CAPM
Journal of Probability and Statistics, 2015 The shifted pseudoisotropic multivariate distributions are shown to satisfy Ross’ stochastic dominance criterion for two-fund monetary separation in the case with risk-free investment opportunity and furthermore to admit the Capital Asset Pricing Model ...
Nils Chr. Framstad
doaj +1 more source
SystemsESG (Environmental, Social, and Governance) considerations are increasingly influencing REIT (real estate investment trust) investment decisions; however, empirical evidence on the ESG–financial performance nexus in infrastructure REITs remains scarce ...
Xinghua Wang, Zhenwu Shi
doaj +1 more source
Evolution of Greenium. ESG and the Cost of Equity in the Polish Banking Sector
Nauki o FinansachAim: The aim of the study was to examine the impact of Environmental, Social, and Governance (ESG) performance on the cost of equity of commercial banks listed on the Warsaw Stock Exchange, with particular emphasis on the role of individual ESG pillars ...
Katarzyna Perez +2 more
doaj +1 more source
Modelo CAPM Condicional: Um Panorama Geral
Revista de Economia Mackenzie, 2007 Despite all the criticism, the improvement of the static CAPM, which has generated new dynamic models, provided investors with stronger guarantee through financial transactions.
Elmo Tambosi Filho, Fabio Gallo Garcia
doaj
REGE Revista de Gestão, 2007 Nas últimas décadas, o modelo CAPM tem despertado grande interesse na comunidade científica. Apesar das críticas, o aprimoramento do CAPM estático, que dá origem a novos modelos dinâmicos, traz maior segurança para o investidor ao longo do ciclo de ...
Elmo Tambosi Filho +2 more
doaj
Stock profiling using time-frequency-varying systematic risk measure. [PDF]
Financ Innov, 2023 Mestre R.
europepmc +1 more source