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Testing Multi-Factor Asset Pricing Models in the Visegrad Countries
Borys, Magdalena Morgese - Center for Economic Research and Graduate Education and … - 2007
capital in the emerging markets. The Capital Asset Pricing Model (CAPM) that is most often used for this purpose in the …. Various factor models have been proposed to overcome the shortcomings of the CAPM. This paper examines both the CAPM and the … countries. We find, as expected, that the CAPM is not able to do this task. However, a four-factor model, including factors such …
Persistent link: https://www.econbiz.de/10005086627
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Testing Multi-Factor Asset Pricing Models in the Visegrad Countries
Borys, Magdalena Morgese Borys - In: Czech Journal of Economics and Finance (Finance a uver) 61 (2011) 2, pp. 118-139
capital in the emerging markets. The Capital Asset Pricing Model (CAPM), which is most often used for this purpose in the …. Various factor models have been proposed to overcome the shortcomings of the CAPM. This paper examines both the CAPM and … find, as expected, that the CAPM is not able to do this task. However, factor models, including factors such as the excess …
Persistent link: https://www.econbiz.de/10009147423
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Meta-analytic review of disclosure level and cost of equity capital
Souissi, Mohsen; Khlif, Hichem - In: International Journal of Accounting and Information … 20 (2012), pp. 49-62
Purpose – The purpose of this paper is to meta-analyze the results of 22 empirical studies that examine the relationship between voluntary disclosure and cost of equity capital. The authors examine whether differences in results are attributable to moderating effects related to disclosure...
Persistent link: https://www.econbiz.de/10010814580
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Cost of equity capital of foreign firms: Did bonding benefits diminish after the SEC's waiver of IFRS to US GAAP reconciliation?
Han, Fei; He, Haihong - In: Review of Accounting and Finance 12 (2013) July, pp. 268-285
Purpose – The purpose of this paper is to examine the cost of equity capital for foreign firms listed in the US stock exchanges during 2004-2009, a period that the Securities and Exchange Commission (SEC) shifted from requiring foreign issuers to comply with the US GAAP reconciliations to...
Persistent link: https://www.econbiz.de/10010686131
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Customer value disclosure and cost of equity capital
Orens, Raf; Aerts, Walter; Lybaert, Nadine - In: Review of Accounting and Finance 12 (2013) April, pp. 130-147
Purpose – This paper seeks to examine the association between a firm's extent and precision of customer value disclosure and its implied cost of equity capital. In addition, it aims to investigate whether industry competition intensity attenuates this association. Design/methodology/approach...
Persistent link: https://www.econbiz.de/10010686132
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The Cost of Equity Capital on Developing Equity Markets: Estimations for Selected Slovene Companies
Igor, Stubelj - In: South East European Journal of Economics and Business 5 (2010) 1, pp. 67-74
The article sheds light on the estimation of the cost of equity capital on a developing equity market. The cost of equity is important; it is crucial in capital budgeting decisions and performance evaluation. It determines the minimum yield the investors require on the invested capital and we...
Persistent link: https://www.econbiz.de/10010534445
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The Cost of Equity Capital on Developing Equity Markets: Estimations for Selected Slovene Companies
Igor, Stubelj - In: South East European Journal of Economics and Business 5 (2010) 1, pp. 67-74
The article sheds light on the estimation of the cost of equity capital on a developing equity market. The cost of equity is important; it is crucial in capital budgeting decisions and performance evaluation. It determines the minimum yield the investors require on the invested capital and we...
Persistent link: https://www.econbiz.de/10010641233
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Cost of Equity Capital: An Example of Evaluation for Selected Slovene Joint-Stock Companies
Stubelj, Igor - In: Management 4 (2009) 1, pp. 21-38
evaluation of the equity capital cost with the CAPM on the Slovene financial market are shown. The Slovene capital market is a …
Persistent link: https://www.econbiz.de/10004988875
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Risk and Return on Uganda's stock exchange.
Mayanja, Abubaker B.; Legesi, Kenneth - Volkswirtschaftliche Fakultät, … - 2007
Using data from 2003-2007, we calculate the systematic risk and cost of equity for firms listed on USE; Preliminary estimates show that nominal Cost of equity capital reduced over time from 63.24 percent (January 2005 to January 2006) to 18% (February 2006 to March 2007). The efficient frontier...
Persistent link: https://www.econbiz.de/10005616634
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The Adverse Impact of Gradual Temperature Change on Capital Investment
Balvers, Ronald; Du, Ding; Zhao, Xiaobing - Agricultural and Applied Economics Association - AAEA - 2012
Financial market information can provide an objective assessment of losses anticipated from global warming. In a Merton-type asset pricing model, with asset prices affected by perceived changes in investment opportunities due to global warming, the risk premium is significantly negative and...
Persistent link: https://www.econbiz.de/10010916527