Results 91 to 100 of about 5,105 (214)

Systematic market risk and WACC of construction companies [PDF]

Ein wesentlicher Bestandteil der Unternehmensfinanzierung sind die Kapitalkosten, die von den Kapitalnehmern im Rahmen der Kapitalbeschaffung getragen werden müssen.
Eibensteiner, Maximilian
core   +1 more source

Miller's (2009) WACC model: An extension

Miller (2009a) presents an analysis of the weighted average cost of capital WACC model. The paper attracts debate which uses a variety of repayment schedules to support the arguments raised.
Keef, Stephen P, Khaled, Mohammed S, Roush, Melvin L   +2 more
core  

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
core  

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

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
core  

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
core  

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
core  

Calculation and application WACC in the case study

, 2015
Tema ovog rada jest prosječni ponderirani trošak kapitala ili skraćeno WACC (weighted average cost of capital). U radu je dana teorijska podloga razumijevanja samog koncepta mjerenja ponderiranog prosječnog troška kapitala.
Drame, Iva
core  

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
core  

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