Results 81 to 90 of about 1,367 (194)
Cost of capital: spot or forward rate?
, 2016 In this study, we intend to reveal some problems with the classic valuation method – the weighted average cost of capital (WACC) method. We first address a fundamental question about WACC, that is, should WACC be interpreted as a spot rate, a forward ...
Qi, Howard, Xie, Yan Alice
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A more realistic valuation: APV and WACC with constant book leverage ratio [PDF]
We value a company that targets its capital structure in book-value terms. This capital structure definition provides us with a valuation that lies between those of Modigliani-Miller (fixed debt) and Miles-Ezzell (fixed market-value leverage ratio).
Fernandez, Pablo
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Future Business JournalThis 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 +2 more
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Under which conditions is a PPP relevant for public spending?
European Journal of Transport and Infrastructure Research, 2018 Public authorities increasingly involve the private sector in financing, building and operating new infrastructures. Many reasons are usually given to justify private sector involvement.
Alain Bonnafous, Bruno Faivre d’Arcier
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Capital ratios and the Weighted Average Cost of Capital: Evidence from Chilean banks
Latin American Journal of Central BankingThis paper finds that an additional percentage point in the ratio of Common Equity Tier 1 (CET1) capital to risk-weighted assets is associated with an increase in the Weighted Average Cost of Capital (WACC) of Chilean banks by a maximum of only 11.7 ...
Rodrigo Cifuentes +2 more
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Koszt kapitału, jako element oceny sytuacji finansowej wybranych spółek branży spożywczej
Quantitative Methods in Economics, 2011 W niniejszym opracowaniu podjęto próbę oceny sytuacji finansowej dwóch wybranych spółek branży spożywczej notowanych na GPW w Warszawie na podstawie wskaźników finansowych oraz porównania średniego ważonego kosztu kapitału WACC (weighted average cost of ...
Beata Szczecińska
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Pensamiento Crítico, 2016 Este artículo es producto de una investigación que se desarrolló luego de plantearnos las siguientes preguntas: (a) ¿Cuál ha sido el comportamiento del costo del capital promedio ponderado (WACC: Weighted Average Cost of Capital) de las empresas peruanas
Raimundo Renaun Pacheco Mexzon
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Frontiers in Energy ResearchGreen hydrogen, produced from renewable energy sources such as wind and solar, is increasingly recognized as a critical enabler of the global energy transition and the decarbonization of industrial and transport sectors.
Julia Terrapon-Pfaff +5 more
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Calculating the weighted average cost of capital for the telephone industry in Russia
, 2011 In this paper, we apply the trade-off theory of capital structure to Microsoft. We use data for bond ratings, bond risk premiums, and levered CAPM betas to compute the cost of equity and the weighted average cost of capital for Microsoft at different ...
Moeller, Susan E. +2 more
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Analytical solution to the circularity problem in the discounted cash flow valuation framework
Innovar: Revista de Ciencias Administrativas y Sociales, 2011 In this paper we propose an analytical solution to the circularity problem between value and cost of capital. Our solution is derived starting from a central principle of finance that relates value today to value, cash flow, and the discount rate for ...
Felipe Mejía-Peláez +1 more
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