The Weighted Average Cost of Capital, Perfect Capital Markets, and Project Life: A Clarification [PDF]
The Journal of Financial and Quantitative Analysis, 1980 For financial management to make wealth maximizing capital budgeting decisions, a model that will determine correctly the market value of a project's levered cash flows is required. A capital budgeting model should account not only for the effects of the investment decision, but also for the effects of the financing decision and the interactions ...
James A. Miles, John R. Ezzell
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Cost of capital: The effect to the firm value and profitability of companies: Evidence of a selected group of companies on the Sarajevo and Banja Luka stock exchanges [PDF]
Bankarstvo, 2023 The weighted average cost of capital is the rate that companies must pay to shareholders and creditors. Therefore, it is a risk-adjusted discount rate for the company's cash flows.
Alihodžić Almir
doaj
The Modigliani–Miller Theory with Arbitrary Frequency of Payment of Tax on Profit
Mathematics, 2021 The main purpose of the current study is the generalization and further development of the Modigliani–Miller theory taking into account one of the conditions of the real functioning of companies for the case of paying income tax with an arbitrary ...
Peter Brusov, Tatiana Filatova
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Higher cost of finance exacerbates a climate investment trap in developing economies
Nature Communications, 2021 Access to low cost finance is vital for developing economies’ transition to green energy. Here the authors show how modelled decarbonization pathways for developing economies are disproportionately impacted by different weighted average cost of capital ...
Nadia Ameli +8 more
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Peculiar properties of the financial state of companies with falling income
Финансы: теория и практика, 2023 The recent rise in inflation in Europe, caused by the pandemic, the increase in prices for energy resources and the violation of the logistics of energy supplies, has led to a decrease in company income.
P. N. Brusov +3 more
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Mathematics, 2022 Both main theories of capital cost and capital structure—the Brusov–Filatova–Orekhova (BFO) theory and its perpetuity limit, the Modigliani–Miller theory—consider the payments of tax on profit once per year, while in real economy these payments are made ...
Peter Brusov +5 more
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The Relationship between Integrated Thinking and Financial Risk: Panel Estimation in a Global Sample
Risks, 2022 There is a growing interest in identifying the benefits that companies may have once they disclose financial and sustainability information in integrated reports.
Oana-Marina Radu, Voicu D. Dragomir
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Cost of capital adjusted for governance risk through a multiplicative model of expected returns [PDF]
, 2008 This paper sets forth another contribution to the long standing debate over cost of capital, firstly by introducing a multiplicative model that translates the inner structure of the weighted average cost of capital rate and, secondly, adjusting such rate
Apreda, Rodolfo
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Discussion on EVA Performance Evaluation Standard of Central Enterprise Based on WACC Valuation [PDF]
SHS Web of Conferences, 2023 Weighted average cost of capital (WACC) is a method of calculating a company's cost of capital by weighting the weight of each type of capital to the total source of capital.Economic Value Added (EVA) is the net operating profit after tax of an ...
Li Baoyan
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Optimization of capital structure as a tool for managing the value of dairy enterprises [PDF]
Економіка та управління АПК, 2021 The article is devoted to the study of methodological and practical approaches to optimizing the capital structure as a tool for managing the value of dairy enterprises.
Varchenko О.М. +2 more
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