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Erweiterungen zu „Simplified Discounting Rules in Binomial Models“ von Frank Richter

Rosarius, Stephan; Wiese, Jörg - Volkswirtschaftliche Fakultät, … - 2005

Bei der Bewertung von Unternehmen ist es üblich, die erwarteten Überschussverteilungen mit Kapitalkosten zu … Anwendung von konstanten Kapitalkosten erlauben. Die vorliegende Arbeit erweitert die Überlegungen von Richter dahingehend, dass …, dass sich die Kapitalkosten auf Basis der unterstellten Verteilungsparameter der Wachstumsraten und der Marktrendite sowie …

Persistent link: https://www.econbiz.de/10005649763

Risk sensitivity indicator as correction factor for cost of capital rate

Michalski, Grzegorz - Volkswirtschaftliche Fakultät, … - 2012

Cost of capital rate is a result of risk included in cost of debt rates and cost of equity rates. Generally to estimate cost of capital rates with use of CAPM conception, is used information about general risk indicator, known as beta coefficient and relations between debt and equity rates. Such...

Persistent link: https://www.econbiz.de/10011111952

More efficient production subsidies for emerging agriculture in micro Arab states: a conceptual model

Raboy, David G.; Basher, Syed Abul; Hossain, Ishrat; … - Volkswirtschaftliche Fakultät, … - 2012

Import-dependent arid Arab micro states such as those in the Persian Gulf are particularly vulnerable to food-security risk. Among the many remedial policy suggestions is some initiation or increase in domestic production to insulate these countries from supply disruption, import price...

Persistent link: https://www.econbiz.de/10011112190

Measuring the social responsibility discount for the cost of equity capital: evidence from benefit corporations

Everett, Craig R. - Volkswirtschaftliche Fakultät, … - 2013

In 2010, Maryland became the first state to allow firms to incorporate as “benefit corporations,” which are for-profit entities with a social purpose. Since then, nineteen other states have followed. Using survey data from the population of 94 benefit corporations existent at the time of the...

Persistent link: https://www.econbiz.de/10011112351

Gobierno Corporativo: los problemas, estado actual de la discusión y un ejercicio de medición para Argentina

Chisari, Omar O.; Ferro, Gustavo - Volkswirtschaftliche Fakultät, … - 2009

Corporate governance could be defined as the institutions or mechanisms, which induce incentives in listed firms, in order to recognize benefits between all the stakeholders, and to restrict the discretion over that distribution, in presence of asymmetric information and incomplete contracts....

Persistent link: https://www.econbiz.de/10005040693

Cash Flow Valuation in an Inflationary World. The Case of World Bank for Regulated Firms

Vélez-Pareja, Ignacio - Volkswirtschaftliche Fakultät, … - 2005

utilities developed by the World Bank Institute we asses that methodology. We show an overvaluation of 21% when compared with …

Persistent link: https://www.econbiz.de/10005836393

Disclosure Quality, Cost of Capital, and Investors’ Welfare

Gao, Pingyang - Volkswirtschaftliche Fakultät, … - 2008

It is widely believed that disclosure quality improves investors’ welfare by reducing cost of capital in a competitive market. This paper examines this conventional wisdom by studying a production economy in which disclosure influences a firm’s investment decisions. I demonstrate three...

Persistent link: https://www.econbiz.de/10005837050

Comparison of the methodologies for assessing effective tax burden of corporate income used in European Union

Blechová, Beata; Barteczková, Ivana - Volkswirtschaftliche Fakultät, … - 2008

In relationship with the changes of tax regulations in surrounding countries and last but not least in connection with the reform of public finances again the question of the further development of the Czech tax system is getting forward. The primary reason for the existence of taxes is fiscal,...

Persistent link: https://www.econbiz.de/10008506914

An empirical analysis of the interlinkages between financial sector and economic growth

Pirtea, Marilen; Dima, Bogdan; Milos, Laura Raisa - Volkswirtschaftliche Fakultät, … - 2009

There is a growing literature body which examines the connections between financial status and economic growth. The aim of this paper is to examine the mechanism through which this positive connection is realized. The methodology is based on a pool data regression with dynamic of real GDP as...

Persistent link: https://www.econbiz.de/10008560108

Firm valuation: tax shields & discount rates

Ansay, Thomas - Volkswirtschaftliche Fakultät, … - 2009

This paper proposes a new discounted cash flows’ valuation setup, and derives a general expression for the tax shields’ discount rate. This setup applies to any debt policy and any cash flow pattern. It only requires the equality at any time between the assets side and the liabilities side...

Persistent link: https://www.econbiz.de/10008587853