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In this study, we develop a technique for estimating a firm’s expected cost of equity capital derived from analyst consensus forecasts and stock prices. Building on the work of Gebhardt/Lee/-Swaminathan (2001) and Easton/Taylor/Shroff/Sougiannis (2002), our approach allows daily estimation,...
Persistent link: https://www.econbiz.de/10010316291
Persistent link: https://www.econbiz.de/10003246582
In this study, we develop a technique for estimating a firm’s expected cost of equity capital derivedfrom analyst consensus forecasts and stock prices. Building on the work of Gebhardt/Lee/-Swaminathan (2001) and Easton/Taylor/Shroff/Sougiannis (2002), our approach allows dailyestimation, using...
Persistent link: https://www.econbiz.de/10005844578
Persistent link: https://www.econbiz.de/10004459985
Persistent link: https://www.econbiz.de/10013444500