Results 91 to 100 of about 6,290 (156)

Cost of capital and the double moderating effects of firm age and audit lag: evidence from Thailand’s MAI market

Future Business Journal
This study examines how audit-related characteristics influence firms’ financing costs within an emerging market context. Specifically, the study investigates the effects of audit opinion, auditor type, audit lag, and financial indicators on the weighted
Wachira Boonyanet, Pavinee Manowan, Kittisak Jangphanish   +2 more
doaj   +1 more source

Miles-Ezzell's WACC Approach Yields Arbitrage

, 2002
A simple counterexample shows the the widely used WACC approach to value leverage firms developed by Miles and Ezzell can create an arbitrage opportunity.
Löffler, Andreas
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There exists circularity between WACC and value? Another solution

Estudios Gerenciales, 2006
Although we know there exists a simple approach to solve the circularity between value and the discount rate, known as the Adjusted Present Value proposed by Myers, 1974, it seems that practitioners still rely on the traditional Weighted Average Cost of Capital, WACC approach of weig-hting the cost of debt, Kd and the costof equity, Ke and discounting ...
Vélez Pareja, Ignacio, Benavides Franco, Julián   +1 more
openaire   +4 more sources

WACC and a Generalized Tax Code

We extend the WACC approach to a tax system having a firm income tax and a personal income tax of the investor as well. We use an artificial tax system incorporating most of the G-7 national tax codes as for example the classical or the imputation ...
Husmann, Sven, Löffler, Andreas, Kruschwitz, Lutz   +2 more
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¿Quién figura en las noticias? Proyecto de Monitoreo Global de Medios 2015. Informe Nacional

, 2015
El Proyecto de Monitoreo Global de Medios (GMMP) es la investigación mundial más amplia y de mayor trayectoria que aborda el tema de género en los medios de comunicación.
Vera-Balanza, María Teresa, Simelio-Solà, Nùria   +1 more
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WACC or APV?

Miller and Modigliani's seminal papers (1958, 1963) gave rise to two alternative methodologies for project and firm valuations: the Weighted Average Cost of Capital (WACC) and Adjusted Present Value (APV).
Sabal Jaime
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UK Business Investment: Long-Run Elasticities and Short-Run Dynamics [PDF]

From neoclassical theory output, capital stock and the user cost are cointegrated; capital and investment also (multi)cointegrate through the capital accumulation identity.
Ellis, Colin, Simon Price
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On the applicability of WACC for investment decisions

, 2009
Although WACC is appropriate for project and firm valuation, it is not a good rule for investment decision making. The reason is that by mixing up the value of the project itself with the tax shield, WACC can often turn unattractive projects into ...
Sabal Cárdenas, Jaime
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75 common and uncommon errors in company valuation [PDF]

This paper contains a collection and a classification of 75 errors seen in company valuations performed by financial analysts, investment banks and financial consultants.
Fernandez, Pablo
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A general formula for the WACC

Recent controversies testify that the tax shield valuation remains a hot topic in the financial literature. Basically, two methods have been proposed to incorporate the tax benefit of debt in the present value computation: The adjusted present value(APV),
Ariane Szafarz, André Farber, Roland Gillet   +2 more
core