Takeover Vulnerability and the Discipline of ESG Overinvestment
ABSTRACT While takeovers serve a disciplinary role by replacing inefficient managers, the threat of takeovers may compel firms to divert attention from Environmental, Social and Governance (ESG) efforts as a strategic response to external pressure, especially when such firms are already overinvesting in ESG.
Abongeh Tunyi +2 more
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Co-Location of Cellulosic Bioethanol and Alcohol-to-Jet (ATJ) Production Facilities for Targeted Scale-Up of Sustainable Aviation Fuel (SAF) Production. [PDF]
Bianco MF, Guo W, Khanna M, Guest JS.
europepmc +1 more source
Feasibility of public CPR training kiosks to increase bystander resuscitation: a Monte Carlo simulation study. [PDF]
Ohle R +5 more
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A data-driven life cycle cost model for tender evaluation of metro pantograph carbon strips. [PDF]
Liu J, Wu C.
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The impact of financing conditions on global deep decarbonization
Waidelich P +5 more
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Development and simulation of an innovative autonomous knowledge-based smart waste collection system. [PDF]
Abdallah M, Hosny M.
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The economic burden and costs of suicide and self-harm in Sweden. [PDF]
Feldman I +3 more
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Differentiated impacts of climate physical risks on the Indian power sector. [PDF]
Jindal A, Kerkhofs R, Shrimali G.
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The Cost of Capital as a Weighted Average
Journal of Finance, 1975IN RESEARCH, teaching, and application we have found it convenient for some time now to compute the cost of capital as a weighted average of the costs of the various sources of capital. This entire notion, though, that the true cost of capital can be computed as a weighted average of the component costs has recently been questioned.
Nantell, Timothy J, Carlson, C Robert
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“The weighted average cost of capital is not quite right”: A comment
Quarterly Review of Economics and Finance, 2009Abstract In this journal, Miller [Miller, R. A. (2009). The weighted average cost of capital is not quite right. The Quarterly Review of Economics and Finance , 49 , 128–138] argues that the standard WACC formula fails to correctly remunerate shareholders and bondholders. This is proved by considering a project yielding a zero net present value. In
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