Toms, Steven - In: Australian Accounting Review 24 (2014) 2, pp. 127-133
type="main" <p>Accounting-based risk management (ABRM) is a theoretically consistent and practical tool for calculating the cost of capital from underlying financial ratios. In this paper, a sample of ABRM-generated discount factors is used to generate risk-adjusted returns, which are compared to...</p>